Charity accounts should show more than just I & E

Article Abstract:

British accounting standards related to the preparation of income and expense financial statements for nonprofit organizations are discussed insofar as they affect depreciation, consolidation, funds available at year end, and other fund accounting controversies. Proposed revisions to the accounting standards and the presentation of the income and expense statements are reviewed and evaluated. The accounting standard revisions proposed would make charitable accounting more similar to accounting methods used by local government authorities, trade unions and professional associations in Great Britain.

Methods, Profit, Profits, Income accounting

---

Statement of recommended practice No. 2: accounting by charities: May 1988

Article Abstract:

The Institute's statement of recommended accounting practice addresses accounting by charities. The recommendations include discussions of: interpretation of financial information on charities; definition of terms; recommended practice; annual report; legal details; trustees' report; accounts; voluntary income; gains and losses on investments; fixed assets; statement of source; and notes on legal requirements in the United Kingdom and the Republic of Ireland.

Laws, regulations and rules, Institute of Chartered Accountants in England and Wales

---

ED 38: accounting by charities

Article Abstract:

The full text of exposure draft 38, issued by the Institute of Chartered Accountants in England and Wales, is provided and comments are invited by the Institute's Accounting Standards Committee. The proposed accounting standard would govern all aspects of financial statement preparation and accounting procedures to be followed by charitable organizations and nonprofit corporations in England and Wales.

Similar abstracts:

• Abstracts: A package with more than just word processing. On test: practica vitesse
• Abstracts: Exposure Draft - proposed Statement of Auditing Standards: auditors' reports on financial statements, May 1992
• Abstracts: Questions for cash. How to get the best tax-free Isa returns on your cash. Windfall wisdom?
• Abstracts: Companies weigh the cost of pensions bill. Rating agencies on watch. E-Finance Business Models Evolve
• Abstracts: Why are some banks more profitable than others? Equity financing by banks in the Italian market: the 1980-1984 experience and new trends

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.