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Updated in [October 07th, 2023]
What does this course tell?
(Please note that the following overview content is from the original platform)
Are you a budding professional who wants to sharpen your skills and choose a specialised accounting function? Or are you a seasoned accounting professional who cannot seem to grab exciting career opportunities in the charity or not-for-profit domain? Unfortunately, most studies in accounting usually cater to conventional accounting. This course bridges the gap between the two and will teach you how to handle the accounting work for your organisation's corporate social responsibility (CSR) department. It provides an in-depth and detailed study of all the modern types, functions, practices and accounting principles in the charity sector.
We understand that accounting never comes easy. Therefore, we have divided this course into clear-cut but specific modules and topics to help you understand and master all the relevant features, functions and practices of charity accounting. We begin by defining the concept and principles of charity accounting. Next, our tutorials will slowly and steadily walk you through the most relevant and modern accounting tools, techniques and approaches for effective account management in the charity sector. Finally, we will test your knowledge through engaging assessment questions to make sure you understand the subject matter. By the end of this course, you will be better prepared and confident enough to handle accounting and finance-related work in the charity and not-for-profit sectors.
The charity sector is multiplying. As a result, it has created a high demand for qualified and eligible charity accounting and financial professionals. 'Accounting for the Charity Sector' is an ideal course that matches the needs and demands of this sector. We have created it for accountants, auditors, managers and consultants who aim to switch or advance their careers in this demanding specialised sector. The contents demonstrate the practical realities and functions and equip you with the knowledge, skills and expertise to confidently work and grow in this vocation. So join the course today and get ready to move into this highly in-demand field of being an accountant or financial professional in the charity or not-for-profit sector.
We considered the value of this course from many aspects, and finally summarized it for you from two aspects: skills and knowledge, and the people who benefit from it:
(Please note that our content is optimized through artificial intelligence tools and carefully reviewed by our editorial staff.)
What skills and knowledge will you acquire during this course?
During this course, participants will acquire the following skills and knowledge:
1. Understanding of charity accounting principles: Participants will learn the concept and principles of charity accounting, including the specific regulations and guidelines that apply to the charity sector.
2. Knowledge of modern accounting tools and techniques: The course will cover the most relevant and modern accounting tools, techniques, and approaches used in the charity sector. Participants will learn how to effectively manage accounts and financial information specific to charities and not-for-profit organizations.
3. Proficiency in charity financial management: Participants will gain a deep understanding of financial management in the charity sector, including budgeting, financial reporting, and financial analysis. They will learn how to effectively manage and allocate resources in a charity organization.
4. Expertise in corporate social responsibility (CSR) accounting: The course will focus on teaching participants how to handle the accounting work for a charity organization's CSR department. They will learn how to track and report on CSR initiatives, ensuring compliance with relevant regulations and guidelines.
5. Ability to handle charity-specific accounting challenges: Participants will develop the skills to address the unique accounting challenges faced by charities and not-for-profit organizations. They will learn how to navigate issues such as restricted funds, fundraising accounting, and donor reporting.
6. Confidence in working in the charity sector:
Who will benefit from this course?
This course is beneficial for both budding professionals and seasoned accounting professionals who are interested in working in the charity or not-for-profit sector.
For budding professionals, this course will help them sharpen their skills and choose a specialized accounting function in the charity sector. It will provide them with an in-depth and detailed study of all the modern types, functions, practices, and accounting principles in the charity sector.
Course Syllabus
The Concept of Charity Accounting
In this module, you will understand the concept of charity accounting, its features, standards, policies, and principles. The tutorials will then guide you to get in-depth learning of charity finance functions like fund accounting, charity reporting and accounts, Trustee's annual report, and balance sheet in a simple way.Statements of Accounts
In this module, you will start by learning the statement of financial activities, its structure, and contents. You will then learn about the income and expenditure heads in detail. The topics in the module further help you understand cash flow, taxation for charities, applicable scrutiny, and financial consideration for Post - Covid situations.Course assessment
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