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Charity & Fund Accounting

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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
Certificates
  • Certificate of completion - Digital certificate - Free
  • Certificate of completion - Hard copy certificate - £9.99
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

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Overview

Understanding how to manage finances in the charitable sector is crucial for organizations like Hope Foundation, a non-profit working to provide education and healthcare to underprivileged children. By implementing sound charity accounting practices, Hope Foundation can accurately track and report their financial activities, ensuring transparency and accountability to donors and stakeholders.

Learning Outcomes:

  • Gain a comprehensive understanding of charity accounting principles and concepts.
  • Learn to apply accounting standards, policies, and concepts specific to the charitable sector.
  • Acquire knowledge of fund accounting techniques and their application in charitable organizations.
  • Develop the skills to prepare accurate charity reporting and accounts.
  • Understand the importance of trustees' annual reports and their contents.
  • Learn to analyse and interpret balance sheets, financial activities statements, and cash flow statements in a charity context.
  • Explore the impact of external scrutiny, taxation regulations, and post-Covid situations on charity accounting.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

In the Charity Accounting course, you will delve into the essential modules necessary for managing finances in the charitable sector. From understanding the concept of charity accounting to applying accounting standards and policies specific to charities, you will gain a comprehensive knowledge base. Learn about fund accounting techniques, preparing charity reports and accounts, and the significance of trustees' annual reports. Dive into financial statements like balance sheets, statements of financial activities, and cash flow statements, analysing and interpreting them within a charity context. Explore the impact of external scrutiny, taxation regulations, and post-Covid situations on charity accounting. By the end of the course, you will be equipped with the skills to navigate the financial landscape of charitable organizations and contribute to their sustainability and success.

Join the Charity Accounting course now and make a meaningful difference in the world of philanthropy.

Who is this course for?

  • Professionals working in the charitable sector seeking to enhance their financial management skills.
  • Accountants and finance professionals interested in specializing in charity accounting.
  • Individuals aspiring to work in finance roles within charitable organizations.
  • Students pursuing studies in accounting or finance with an interest in the non-profit sector.

Career path

  • Charity Accountant: £25,000 - £40,000 per year
  • Finance Manager (Charity): £30,000 - £50,000 per year
  • Financial Controller (Charity): £40,000 - £60,000 per year
  • Head of Finance (Charity): £50,000 - £80,000 per year
  • Finance Director (Charity): £60,000 - £100,000 per year
  • Chief Financial Officer (Charity): £80,000 - £150,000+ per year

Questions and answers

Currently there are no Q&As for this course. Be the first to ask a question.

Certificates

Certificate of completion - Digital certificate

Digital certificate - Included

Certificate of completion - Hard copy certificate

Hard copy certificate - £9.99

Inside the UK student have to pay an additional delivery fee of £10, whereas International students are required to pay an additional fee of £19.99 to receive a hard copy of the certificate delivered to their address.

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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.