Ongoing liability?
February 2008
Pesh Framjee considers accounting for multi-year grant commitment principles in charity financial reporting...
There is still confusion about the rules regarding the accounting treatment for multi-year grant commitments and it is important to recognise that the Charity SORP allows different treatment based on the substance of the transaction.
Author: Pesh Framjee
Pesh Framjee Pesh Framjee, Head of the non-profit unit at Crowe Clark Whitehill is Special Adviser to CFDG and is a member of the Charity SORP Committee. He has worked with charities for over 35 years and advises charities on financial, governance and strategic matters.
There are no comments on this article. Be the first to comment.