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.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1985
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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.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1988
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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.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1985
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