Learning Outcome
- Understand the Statement of Recommended Practice (SORP)
- Explain how to use funds and charity accounts to accrue transparent finances
- Learn how to maintain essential trustees reports and balance sheets for inspection
- Balance charity income with necessary expenditure
- Conforming to taxation expectations and assessment by regulatory bodies
Description
Learn how to support and assist the economics of UK charities when you take this comprehensive course on Charity Accounting. Like any structured organisation that looks to raise money, rules and regulations have to be observed regardless of the lack of profit and admirable intentions. You can discover how to legally and ethically manage costs for a charity and ensure that the funds end up with the vulnerable people that need them.
Each learning module has essential information and guidance gained from industry experts in this area and tips on appropriate financial management. You will be introduced to the fundamental principles of charitable accounting and the regulations that need to be observed. Therefore, this training will include references to different UK charities, recommended practices, accountancy standards, legal funding methods, money transfers, types of charitable bank accounts, trustee reports, balance sheets, acceptable expenditure, and much more. A masterclass in taxation and advice on Covid-19 precautions are also provided for the complete learning experience.
Your Path to Success
By completing the Charity Accounting course, you will be capable of effectively handling the finances of a non-profit organisation whilst observing UK financial regulations. This can help you gain the skills and knowledge needed to become a trusted fund manager for a charitable group.
Is This Course Right for You?
This course is designed to provide a comprehensive guide to managing an organisation’s finances specialising in charity work. It provides an excellent way to gain the understanding and capability to control the accounts being used for good causes. Full-time and part-time learners are equally supported, and it can take just 20 to 30 hours to gain accreditation, with study periods being entirely customisable to your needs.
Certification
This course is CPD Certified by The CPD Certification Service. You’ll be eligible to apply for the CPD certified certificate once you complete the course

