This month's CCH Daily CPD module focuses on charity reporting under the charities SORP, the only SORP available to charities from 1 January 2016, outlining how to plan for the transition from using FRRSE to FRS 102 reporting
The charities SORP sets out how charities are expected to apply FRS 102 accounting rules to their particular activities and transactions; how to present and disclose activities and funds within accounts; and what should go into the trustees' annual report which accompanies the accounts.
By completing this module you will be able to:
- understand the different types of charity and the requirements that apply;
- become familiar with the only SORP available to charities from 1 January 2016.;
- understand the requirements for the trustees’ report; and
- plan carefully for transition from the FRSSE SORP to the FRS 102 SORP.
This CPD module takes 15 minutes to complete and is followed by a short quiz to ensure thorough learning. Any CPD learning is also automatically added to Your CPD Tracker.
The lecturer is Ralph Tiffin, BSc FCA AMIMechE, a principal at McLachlan+Tiffin, chartered accountants and auditors. He is also a consultant to companies in the UK and overseas on subjects ranging from project appraisal, applying International Financial Reporting Standards (IFRS), budgetary control systems through to fraud prevention.
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