The new accounting framework is now in effect for accounting periods beginning on or after 1 January 2015. Which means we expect our members will soon be preparing and examining accounts in line with the new requirements.
Whilst many members have attended workshops and training sessions in anticipation of these changes already, this session is positioned to be a refresher and point of reference as you enter the first reporting period to which these changes apply.
This course presumes that the delegate has an existing knowledge of SORP 2005 and makes comparison throughout to the equivalent SORP 2005 as a benchmark for the changes.
Although focussed primarily on the provisions of the FRSSE SORP it gives an oversight of the provisions of the FRS102 SORP as there may be occasions where some of these provisions are relevant and applicable.
The slides make reference to the various modules of the SORP to assist in cross referencing.
NB: Tea and coffee will be served from 9.30am, attendees may arrive from 9.30am onwards for a 10am start.
Upon completion, attendees will:
- Gain an overview of the changes from SORP 2005 to SORP 2015 FRSSE covering the annual report as well as the statement of financial activities, balance sheet and related disclosures.
- Be aware of the ‘musts’ and ‘shoulds’ of the SORP
- Know which areas to focus on in addressing the changes
- Understand where thresholds impact on reporting requirements
- Know where they are opportunities to manage the changes
Trainer: Margaret Birse CCFA CIPFA (affil) FCIE
Margaret, a Fellow of ACIE, is a Charity Adviser and Independent Examiner running a business advising charities for over 5 years. Prior to that, Margaret was employed in the Charity Sector and has volunteered in charities almost all of her adult life. Originally trained as a scientist, and lecturer, Margaret now has a Postgraduate qualification in Charity Finance and Accountancy, which together with her practical experience of volunteering, employment, management as a trustee and now advising charities, puts her in a unique position of seeing charity finance from a variety of different viewpoints.
Free to ACIE members
£55 to non ACIE members