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.”

An impairment loss occurs when the carrying amount of an asset exceeds its recoverable amount.  All assets must be reviewed for possible impairment every year. Correct asset reporting 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 impairment in an annual report. Specifically, the course coves;

• What is impairment
• Accounting for Impairment
• Disclosure required to be made in the annual report

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

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