Charities SORP 2015

In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again.

  1. When does the new charities SORP consultation close for comment?

  2. Which of the following accounting standards do not apply to charities governed by the law in the jurisdictions of England, Scotland and Wales?

  3. Which of the following expenditures are not to be shown separately on the face of the SoFA?

  4. When should discounting of income be used for the time value of money?

  5. In which of the following countries will charities be able to adopt the new charities SORP 2015 early?

  6. If an eligible charity chooses to use the FRSSE 2015 which of the following statements would be true?

  7. Which of the following statements would not be true relating to the SORP 2015 and the trustees annual report?

  8. Which of the following accounting statements is not required under the proposed new SORP?

  9. Which of the following clarifications is a proposed change to accounting policies?

  10. Which of the following is not one of the themes that the additional 15 modules are split across?