Charity Accounting Standards, Policies, Concepts and Principles

Gain a comprehensive understanding of charity accounting standards, policies, concepts, and principles with our specialised course. Explore the unique aspects of charity accounting, including fund accounting, financial reporting, and taxation for charities. Acquire the knowledge and skills to navigate the complexities of charity financial management, ensuring compliance and transparency in the sector.

Learning outcomes:

• Understand the concept of charity accounting and its specific requirements.
• Knowledge of accounting standards, policies, concepts, and principles relevant to charitable organisations.
• Learn the fundamentals of fund accounting and how to record and report financial transactions accurately.
• Develop the skills to prepare charity reporting and accounts, including the trustees' annual report, balance sheet, and statement of financial activities.
• Gain insights into understanding income streams and expenditures in the context of charity accounting.
• Understand the importance of the statement of cash flows and its relevance to financial management in charities.
• Explore taxation considerations for charities and the external scrutiny they face.

Our comprehensive course on Charity Accounting Standards, Policies, Concepts, and Principles provides an in-depth exploration of the accounting practices unique to the charity sector. Designed for finance professionals, trustees, and individuals working in the charity industry, this course equips you with the knowledge and skills to navigate the intricacies of charity financial management.

The course begins by establishing a solid foundation in charity accounting and introduces the relevant principles and standards governing the sector. You will gain an understanding of the accounting policies, concepts, and principles specific to charities, ensuring compliance with regulations and promoting transparency.

Fund accounting, a key aspect of charity accounting, is thoroughly covered in the course. You will learn how to manage and report on charity funds effectively, ensuring accurate tracking and appropriate allocation for various charitable activities. The course also explores the preparation of charity reporting and accounts, including the essential components of the Trustees' Annual Report.

Financial statements play a vital role in charity accounting. You will delve into the balance sheet and the statement of financial activities, understanding their significance and interpretation within the context of charity financial management. The course also addresses income streams, expenditure patterns, and financial sustainability considerations for charitable organisations.

Additionally, the course covers taxation aspects specific to charities and the external scrutiny these organisations face. You will gain insights into the tax regulations and obligations applicable to charities, as well as the measures and procedures involved in external scrutiny.

Enrol in our Charity Accounting Standards, Policies, Concepts, and Principles course today to enhance your knowledge of charity accounting and contribute to the financial management of charitable organisations.

Certification

Upon completing the course, you can choose to receive a certificate named Nonprofit Accounting. Prices for certificates are as follows:

• PDF Certificate: £4.99

Email delivery of printable/shareable PDF certificate.

• UK Students: £9.99

Professionally printed certificate delivered in the UK.

• International Students: £14.99

Professionally printed certificate delivered internationally.

This course is ideal for the following:

• Finance professionals working in the charitable sector.
• Trustees and board members are responsible for financial oversight of charitable organisations.
• Individuals involved in financial management and reporting in the charitable sector.
• Accountants and auditors are specialising in charity accounting.
• Professionals are seeking to expand their knowledge of accounting practices specific to charities.

This course will be beneficial for anyone looking to pursue a career as:

• Charity Accountant: £25,000 - £45,000 per year
• Financial Controller (Charity Sector): £35,000 - £65,000 per year
• Finance Manager (Charity Sector): £30,000 - £55,000 per year
• Auditor (Charity Sector): £25,000 - £45,000 per year
• Fundraising Manager: £25,000 - £45,000 per year

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

Digital certificate

Digital certificate - £4.99

Hard copy certificate

Hard copy certificate - £9.99