So it’s two for the price of one! The impact of New UK GAAP has given rise to two new Charity SORPs, one for small charities and one for the rest. Regardless of which one applies there are likely to be many significant differences for all charities, which include: • Changes to the Trustees Annual Report • A new layout for the Statement of Financial Activities • A new Cashflow Statement • New disclosures • Changes to accounting for grants • Changes to accounting for donated goods and services This session will include a brief introduction to new UK GAAP from 1 January 2015 and a detailed a look at how this impacts upon charities.
About the Presenter: John Selwood is a Chartered Accountant and independent training consultant, who lectures for major accountancy practices, professional bodies, training companies and publishers. He speaks on financial reporting ,money laundering, company law and auditing.
Previously, he has been the technical partner for a top thirty firm of accountants and head of an accountancy network.
John is a member of the ICAEWs Audit and Assurance Faculty’s Practitioner Services Committee and has been involved with presenting and writing the material for the Audit & Assurance and Financial Reporting Faculty’s Roadshows for a number of years. He also regularly writes for Audit & Beyond and is the author of Core Auditing Standards.