Accounting for complex capital issues

Article Abstract:

The Technical Committee of the Institute of Chartered Accountants in England and Wales has issued a technical release regarding accounting for complex capital issues. The purpose of the release is to provide some guidance for the wide variety of financial instruments that have been introduced in recent years. The general principles to be applied when accounting for capital raised through equity issue or loan are discussed. Examples of complex capital issues are provided in the appendix of the release.

Capital, Negotiable instruments

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SORP 2 as a fund-raising aid

Article Abstract:

The Accounting Standards Committee of the Institute of Chartered Accountants in England and Wales has issued SORP 2, recommended accounting practices for charities. The recommendations include provisions for fund accounting, fund raising, and administrative expenses. Special care was taken to ensure that the guidelines would be readable and useful to non-accountants. Charities that adhere to proper accounting practices enhance their reputations, and in turn their ability to raise funds.

Charitable trusts, Fund raising

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