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 2pm, attendees may arrive from 2pm onwards for a 2.15pm 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: Dr Gareth Morgan MA BA PhD FAIA(Acad) FBCS MInstF(Dip) FCIE FHEA
Gareth is an experienced course leader and writer on charity accounting and regulation. He has worked with a very wide range of charities on constitutional, accounting and tax issues, including some cases involving complex negotiations with regulators. He followed every step of the process which led to the Charities Acts 2006 and 2011 and the Companies Act 2006 (in terms of its impact on charities) and various subsequent regulations and he helped to draft several amendments which Parliament accepted. He has also been actively involved in the development of charity legislation and accounting regulations in Scotland, Northern Ireland and the Republic of Ireland. He is the author of Charitable Incorporated Organisations (DSC 2013) and The Charity Treasurer’s Handbook (DSC 4th edn 2014).
Free to ACIE members
£55 to non ACIE members