Paul Palmer, Adrian Randall

Financial Management in the Voluntary Sector (eBook, ePUB)

New Challenges

• Format: ePub

Produktbeschreibung

The voluntary sector contains over 50,000 organizations, 320,000 paid staff, and 3 million volunteers. The accounting and financial management of organizations in this sector poses as many difficulties as that of major for-profit organizations, if not more so, given the absence of the profit motive upon which much traditional accounting, finance pr

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Produktdetails

• Verlag: Taylor & Francis eBooks
• Seitenzahl: 320
• Erscheinungstermin: 27. September 2001
• Englisch
• ISBN-13: 9781134597765
• Artikelnr.: 42687132

Autorenporträt

Paul Palmer has published widely on, and worked extensively in, the field of charity finance. He is currently Head of the Centre for Charity and Trust Research at South Bank University, where he is also Charity Courses Director. Adrian Randall is an independent Charities Management Consultant, and is a nationally recognized leading expert on charity financial management. He has gained widespread experience of the sector through a variety of roles, and is currently a member of several groups and committees in the charity field.

Inhaltsangabe

Chapter 1 - Voluntary Sector Environment - definitions
history: Introduction
The Issue of Definition
The Legal Definition
Alternative Definitions
Are There Distinct Sectors? Religious Influences
The State and Charity
The Conservative Government 1979-1987
New Labour
Conclusion. Chapter 2 - Management Issues: Governance
The Charity Commission and Charity Trusteeship
Charity Organizations and Governance
The Role of the Charity Secretary
The Financial Management Role of the Management Committee
Internal Auditing
The Planning Process
Programme and Organizational Resource Assessment
Case Study
Questions
Analysis of case study
Providing Information
Sources of Information
Case Study/Role Play - Managing a Financial Crisis. Chapter 3 - Charity Accounts: the background: Introduction
Developments Leading to the Charities Acts 1992 and 1993
Charities Acts 1992 and 1993
Statement of Recommended practice (SORP)
SORP aim
prescriptive approach
words
numbers
investements
overhead costs
summarised accounts
trading activities
branches
accounting concepts
'light touch' approach
glossary
conclusion
Review of SORP
Charity Commission SORP Consultation
the changes
what's new
revised/extended
Charity Commission Aim
general principles
timing
Research on Charity Accounts and SORP Compliance. Chapter 4- Published Accounting Standards: Introduction
Stakeholder Reporting
Accounting for Smaller Charities
receipts and payments accounts
statement of assets and liabilities
notes to the accounts
accruals
change to basis of accounting
special aspects
Evaluation of the Statement of Financial Activities (SOFA)
disclosures
reasoning
format
Statement of Financial Activity - Example Arts Theatre Trust Limited
Balance Sheet
introduction
presentation
balance sheet example
checklist
Cashflow Statement
History
FRS1
SORP
exemptions
Example
Disclosure of Accounting Policies and Notes to the Accounts
introduction
accounting standards
accounting policies/notes
checklist (extract)
Summary Financial Information and Statements
introduction
content
incorporated charities
other summary financial information
SORP Excercise
further information. Chapter 5 - Issues in Charity Accounts: Introduction
Fund Accounting
unrestricted income funds
designated funds
restricted funds
endowment funds
fund assets
accounts presentation
fund accounting SORP disclosure check list
Incoming Resources
introduction
conditions and restrictions
legacies
intangible income
gifts in kind
other income
netting off
Expenditure
introduction
grants
cost allocation
support costs
cost of generating funds
management and administration
conclusion
Trading-Operating Activites
introduction
check list
economic mix
Branches
introduction
definition
autonomous branch? accounting
role of branch treasures
overseas branches. Chapter 6- Regulatory Framework and Audit Requirements: Regulatory Framework
The Charity Audit - Some Important Aspects
introduction
requirements
some overall considerations
audit scope
audit should provide
fundamentals of an effective audit
auditing income
why are these questions important? auditing expenditure
audit evidence
internal controls
review of financial statements
going concern
statutary reports
summary financial information and statements
auditors statement to the trustees
respective responsibilities of trustees and auditors
basis of opinion
opinion
whistle blowing
audit management report
conclusion
Independent Examination
introduction
what is an independent examination? who can be an independent examiner? the independent examiner report conclusion
Trustees Annual Report
introduction
charities act 1993
regulations
SORP. Chapter 7 - Management Accounting for Voluntary Orgnizations: Introduction
Cost Accounting
costing a service
overhead costs
unit costs and analysis - a warning
activity based costing
cost behaviour
Example
answer
Breakeven An