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Charity Accounting & Balance Sheet

CPD Accredited | Interactive Learning Materials | PDF Certificate Included | Tutor Support


Cambridge Open Academy

Summary

Price
Save 22%
£14 inc VAT (was £18)
Offer ends 24 June 2024
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 (PDF) - Free
  • Certificate of Completion (Hard Copy) - £9.99
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

1 student purchased this course

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Overview

Proper financial management is crucial for the success and sustainability of charitable organisations. For instance, the story of a small charity that struggled to meet its financial obligations due to inadequate accounting practices highlights the importance of mastering the principles of Charity Accounting. Understanding accounting standards, fund accounting, charity reporting, balance sheets, income streams, and taxation is essential for accurately assessing the financial health of a charitable organisation and ensuring compliance with legal requirements. By acquiring knowledge and skills from our Charity Accounting & Balance Sheet course, individuals can contribute to the growth and impact of charitable initiatives.

Learning Outcomes:

  • Understand the principles and practices of charity accounting.
  • Apply accounting standards, policies, concepts, and principles to charitable organisations.
  • Manage fund accounting effectively within the charity sector.
  • Prepare accurate charity reporting and accounts.
  • Craft comprehensive trustees' annual reports.
  • Analyse balance sheets and statements of financial activities.
  • Gain insight into the income streams and expenditures of charities.
  • Create effective statements of cash flows for charitable organisations.
  • Navigate the taxation regulations and external scrutiny applicable to charities.
  • Adapt to post-Covid situations and identify relevant considerations for charity accounting.

Certificates

Certificate of Completion (PDF)

Digital certificate - Included

Certificate of Completion (Hard Copy)

Hard copy certificate - £9.99

Note: Delivery of hardcopy certificate is free within the United Kingdom. However, to obtain a hardcopy certificate, international students have to pay £19.99 for the shipment to their designated address.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

In the course "Charity Accounting & Balance Sheet," you will embark on a journey through the intricacies of managing finances for charitable organisations. Gain a comprehensive understanding of the concept of charity accounting, delve into accounting standards, policies, concepts, and principles, and explore the intricacies of fund accounting. Learn how to prepare charity reporting and accounts, craft trustees' annual reports, and analyse balance sheets and statements of financial activities. Understand the income streams and expenditures of charities, master the art of creating statements of cash flows, and navigate the complexities of taxation and external scrutiny.

Unlock the world of Charity Accounting and elevate your financial management skills in the nonprofit sector with our comprehensive course. Through engaging content and practical examples, you'll develop the knowledge and skills required to ensure the financial well-being and compliance of charitable organisations.

Join us today and make a meaningful impact by strengthening the financial foundation of charitable initiatives.

Who is this course for?

  • Professionals working in the nonprofit sector who want to enhance their financial management skills.
  • Accountants and financial professionals interested in specialising in charity accounting.
  • Individuals who aspire to work in charitable organisations require a solid understanding of finance.
  • Students studying accounting or related fields who wish to specialise in the nonprofit sector.

Career path

  • Charity Accountant: £30,000 - £50,000 per year
  • Financial Manager for Nonprofit Organizations: £35,000 - £60,000 per year
  • Auditor for Charitable Institutions: £25,000 - £45,000 per year
  • Finance Director for Charities: £50,000 - £80,000 per year
  • Fundraising Manager: £25,000 - £45,000 per year
  • Compliance Officer for Charitable Organizations: £30,000 - £55,000 per year

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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.