A.33 Recording expenditure in Charities
Introduction
According to the Statement of Recommended Practices (SORP) ‘’the primary purpose of the trustees’ annual report is to ensure that the charity is publicly accountable to its stakeholders for the stewardship and management of the funds it holds on trust.”
Expenditure is an integral part of the annual report and serves as a measure of the charity’s performance. Doing this course will enable accountants and trustees alike what information is to be legally required to be included with regards to cash flow statement in a trustee’s annual report. Specifically, the course coves;
- general rules for the recognition of liabilities and expenditure;
- rules on measurement of liabilities and provisions;
- treatment of commitments not recognised as provisions or liabilities;
- accounting treatment and disclosures;
This course is derived from the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)
Who is it for?
- Accountants
- Trustees of charities
- Users of charity information
- Funders and banks
How does it work?
Once you register for the course, we will email you your log-in ID, and you can be on your way to learn right away. It’s that simple.
You can read our terms of engagement by clicking here.
You can pay for this program by using a debit or credit card.
Click here for our bank details
