Why SORP 2005 Could Mean 7 Improvements To The Financial Management Of Your Charity
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There are 7 changes in SORP 2005 that you need to consider when preparing your next set of year end financial accounts. While you may not yet have started to think about the new SORP or even if you are already be including some of the extra information in your reporting to make it easier at the end of the year, this guide sets out simply what the changes are and what you need to do now.
At PS Financials we work with a large number of not for profit organisations and Charities so we have produced this guide to help you identify the key changes introduced by SORP 2005 and what you need to do to not only accommodate them in your accounting processes but also to benefit from them.
SORP 2005 includes concepts that if adopted now will start to improve the way your organisation operates - making it significantly more effective. So why wait until the end of your financial year to retrofit information that, if measured now in real time, could be giving your organisation more funds to work with!
This guide includes a 'What This Means' summary of the changes in SORP 2005, and an Action Plan of what to do now.
The potential of SORP 2005 is a much more effective Charity...download a PDF of this free report today and you can start making changes immediately that benefit your organisation.
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