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FRS 102 refresher for the charity sector

Explore the main areas of the new SORP (FRS 102)

Institute of Chartered Accountants of England and Wales

Summary

Price
£810 inc VAT
Study method
Classroom
Duration
7 hours · Full-time
Qualification
No formal qualification
CPD
6 CPD hours / points
CPD What's this?
Additional info
  • Tutor is available to students

Location & dates

Location

Address
ICAEW
Chartered Accountants' Hall
London
EC2R6EA
United Kingdom
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Overview

FRS 102 was the most significant change to UK GAAP in a generation. This impacted significantly on the Charity sector with initially two new SORPS being issued. These have now consolidated into one SORP.

CPD

6 CPD hours / points
Accredited by ICAEW

Description

This course explains what the big deal was all about! And is designed for those who were not necessarily involved with the transition process, or aren’t involved in financial reporting on a daily basis or are relatively new to the charity sector, and who are looking to increase their confidence in dealing with technical accounting areas.

In it you will explore the main areas of the new SORP (FRS102) in a practical and interactive way to ensure that you not only understand the accounting, but appreciate both the commercial impacts and key risk areas for your organisation.

Learning objectives

  • An overview of the regulatory framework
  • An overview of key balance sheet and SOFA areas
  • An overview of other areas such as leases and cash flow statement

Who is this course for?

Finance professionals within the charity sector.

Questions and answers

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

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.
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