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2023: Introduction to the Charities SORP (FRS 102)

Available

Virtual
All Locations
Financial reporting
Jan
1
Sun
-
Dec
31
Sun
09:30
-
PM
12:30GMT
Description
An interactive virtual CPD course, delivered over two 3-hour sessions, that provides an overview of The Charities SORP (FRS 102), providing practical tips and guidance on some common pitfalls.
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2023 Introduction to the Charities SORP (FRS 102)

Introduction to the Charities SORP (FRS 102)

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If you are working for or with a charity in the preparation of their financial statements, how can you make sure that you’re getting the disclosure details right?

UK charities with income above £250k (and all charitable companies) must prepare their financial statements in accordance with FRS 102. The Charities SORP (FRS 102) provides mandatory guidance on the application of FRS 102 to the circumstances of charities. It also includes requirements relating to the trustees’ annual report, fund accounting, the format of the financial statements and additional disclosures aimed at providing a high level of accountability and transparency to donors, funders, financial supporters and other stakeholders.

This course provides an introductory understanding of the key concepts and requirements included within the Charities SORP. Practical examples and illustrations are provided to demonstrate how the standard might be applied in practice.

"This was one of the best courses I've ever taken part in, mostly because the trainer was EXCELLENT but actually, on the whole, because the virtual learning environment was really good and extremely practical to my professional and geographical circumstances."

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Learning outcomes:

    • An overview of the UK charity financial reporting regime and how the SORP fits into it
    • A brief overview of what constitutes a complete set of charity financial statements
    • The contents of the trustees’ report, focusing on reserves policy and fundraising disclosures
    • Fund accounting and its applications to both statement of financial activities and balance sheet
    • Key statement of financial activities issues, including income recognition and disclosures
    • Key balance sheet issues, including accounting for heritage assets, impairments, investments and loans

Who should attend?

This course is suitable for finance professionals working in or with charities, for example as management or financial accountant, auditor, independent examiner or charity trustee.

As an introductory course, this is targeted at those who are new to charity accounting or those who feel that they need a refresher.

Course enquiries

Contact: Events information team

 

FAQs

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This course is for:

Capability Framework

What is a virtual classroom?

A virtual classroom provides the same great learning experience as other ICAEW training, except one difference, you can learn from your desk.

Being delivered online makes it so much easier to access in a busy working week and would definitively recommend this type of training. The breakout rooms work really well to allow you to get to know the other participants and share experiences.

Virtual classroom delegate

The focus is on the learner and creating an enriching classroom experience that connects participants globally. Using video, learners can converse and interact with the trainer and other learners in real-time. Whiteboards, break-out sessions, polls, screen-sharing, and interactive Q&A create an immersive learning experience.

I think the virtual training format using Zoom, and the survey features, and break out rooms, really works great. I had no problems engaging with the facilitator and felt he listened to what we said, and kept the pace of the content moving steadily.

Virtual classroom delegate

Secure your place now and keep your skills and knowledge up-to-date.

How do I attend a virtual classroom?

Once you've booked your session, you will receive an email with your booking confirmation. The steps you will need to follow to attend your virtual classroom will arrive in a separate email closer to the date of your course.

James Charlton

James is an experienced file reviewer, trainer and consultant. He undertakes both cold and hot file reviews for audit practices, ranging from single partner to UK Top 50 firms. He delivers training on financial reporting (both UK GAAP and IFRS), audit and has a particular interest in the charity sector.

James previously worked as an Audit Technical Manager at a UK top 10 firm, providing financial reporting and audit technical advice to the audit and accountancy departments, writing and reviewing technical materials for the practice, and performing engagement quality control reviews on audit files.

 

 

Rate Price
ICAEW Member £395 + VAT
Non-Member £595 + VAT

 

Our public course programme is deliberately structured to encourage delegates from different organisations to participate. However, if you have six or more delegates who require development in the same area, we are able to run a more cost-effective and much wider range of courses tailored specifically to your organisation.

Organisations will have the choice to run our in-house courses online or in-person. 

These are ideal for organisations seeking hassle-free, flexible and cost-effective training delivered to multiple delegates at your location of choice. Whether we use our existing materials or develop new content for your business, our expertise lies in translating your requirements into a pragmatic, interactive training programme highly relevant to your people and organisation.

To discuss in-house training for your business please email academy@icaew.com or contact us through our enquiry form

 

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