Course contents

The course looks at the issues that affect audit exempt Charities. The course will cover:

    Definition of a charity
  • The impact of the SORP
  • The financial statements disclosures ¬
  • Reporting to the Charity, Trustees and Beneficiaries ¬
  • Common problem areas such as designated funds, unusual assets and receipts ¬
  • Common disclosure problems
  • The work the accountant must do ¬
  • Different legal structures for Charities
  • FRS 102
  • Charity Commission guidance
  • When can receipts and payments be used? When accruals basis must be used
  • Reporting thresholds
  • Role of the trustee. The course does not cover audit issues. Delegates might also consider the Charity accounts and audit update
Course type