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


£810 inc VAT
Study method
7 Hours, Full-time
No formal qualification
6 CPD hours / points
Additional info
  • Tutor is available to students

1 student enquired about this course

Location & dates

Chartered Accountants' Hall
United Kingdom


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.


6 CPD hours / points
Accredited by ICAEW


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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What does study method mean?

Study method describes the format in which the course will be delivered. At 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.

What are CPD hours/points?

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, many of which can be completed online.

What is a ‘regulated qualification’?

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.

What is an ‘endorsed’ course?

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 ABC Awards and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.


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