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Charity Accounting and Fund Accounting

Accredited By CPD | High-quality Materials | Video Lessons | Lifetime Access | 24/7 Tutor Support


NextGen Learning

Summary

Price
£15 inc VAT
Study method
Online
Duration
4 hours · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
CPD
10 CPD hours / points
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

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Overview

Charity Accounting plays a critical role in ensuring transparency and accountability in the operations of non-profit organisations. Charity Accounting course delves into the importance of Charity Accounting and Fund Accounting, providing practical skills and knowledge to understand accounting standards, policies, concepts, and principles.

Learning Outcomes:

  • Understand the concept and importance of Charity Accounting in non-profit organisations.
  • Analyse accounting standards, policies, concepts, and principles relevant to the charity sector.
  • Understand the Fund Accounting approach to financial management for non-profit organisations.
  • Prepare Charity Reporting and Accounts, including the Trustees' Annual Report, Balance Sheet, and Statement of Financial Activities.
  • Analyse income streams and expenditure of charity to ensure effective financial management.
  • Understand external scrutiny and taxation regulations for charities.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

The Charity Accounting and Fund Accounting course provides learners with a comprehensive understanding of accounting principles and practices for non-profit organisations. The course begins with an exploration of the concept of Charity Accounting and its importance in ensuring financial transparency and accountability.

Charity Accounting course covers accounting standards, policies, concepts, and principles, providing participants with the skills needed to prepare and analyse financial statements, including the Balance Sheet, Statement of Financial Activities, and Trustees' Annual Report. Additionally, learners will gain insights into the Fund Accounting approach to financial management, essential for effective management of funds for charities.

Charity Accounting course also covers taxation regulations and external scrutiny of charities, ensuring participants are well-versed in relevant legal requirements governing financial management in the charity sector.

Certification

Upon completion of the course, learners can obtain a certificate as proof of their achievement. You can receive a £4.99 PDF Certificate sent via email, a £9.99 Printed Hardcopy Certificate for delivery in the UK, or a £19.99 Printed Hardcopy Certificate for international delivery. Each option depends on individual preferences and locations.

Who is this course for?

  • Charity finance managers
  • Financial accountants and auditors
  • Trustee board members
  • Fundraisers and grant writers
  • Non-profit consultants and advisors

Career path

  • Charity Finance Manager: £30,000 - £50,000 per year
  • Non-profit Accountant: £25,000 - £40,000 per year
  • Fundraising Manager: £28,000 - £40,000 per year
  • Non-profit Consultant: £35,000 - £60,000 per year
  • Trustee Board Member: voluntary position
  • External Auditor for Charities: £30,000 - £50,000 per year
  • Please note that these salary ranges are approximate and can

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.