The FRS 102 Charities SORP - Accounting and Reporting by Charities (Ireland)

Content

In broad terms, ‘FRS 102’ is the financial reporting standard used in the UK and Ireland, with the ‘FRS 102 Charities SORP’ providing guidance for charities on how to apply FRS 102 when preparing their accounts. The FRS 102 Charities SORP:  

• sets out how charities should apply accounting standards to their particular activities and transactions;
• explains how charities should present and disclose their activities and funds within their financial statements; and
• describes the content of the trustees’ annual report which accompanies the financial statements.
  

After attending this course, participants should have an appreciation of the: 

• Early problems identified with charity reporting; 
• Development and evolution of the charity SORP;
• Charity annual reporting requirements;
• The requirements of the FRS 102 Charities SORP with respect to the:
  Trustees’ annual report,
  Statement of financial activities,
  Balance sheet (statement of financial position),
  Statement of cash flows, and
  Explanatory notes.
  

All those involved in charity accounting and reporting, including trustees, charity accountants and practitioners will benefit from attending this presentation.

Duration

1 hour (1 non-verifiable CPD unit)

Speaker

Ciaran Connolly

Ciaran Connolly is Professor of Accounting at Queen’s University Belfast and Deputy Head of Queen’s Business School. A fellow of Chartered Accountants Ireland, he holds a DPhil from the University of Ulster and an MBA from Queen’s University Belfast. Ciaran’s teaching interests are in the areas of financial accounting and not-for-profit accounting. Ciaran’s main area of research is in the field of public services, particularly the financial and performance measurement aspects of the charity and public sectors.