Charities

I'm currently in the middle of doing my Level 4 AAT and one thing that I have noticed through the levels of studying is the lack of learning regarding charities. I work for charity so hence why ive noticed probably more than someone else would. Charity accounts are done slightly different. This cropped up recently for as I wanted to have a go at doing our organisations Corporation Tax return, so when speaking to our accountants I asked if I could as I had just passed the Business Tax unit. His reply, charity corporation tax returns aren't like normal ones!
I think it would be good for AAT to include some bits on charity accounts/finance. Just a thought anyway
I think it would be good for AAT to include some bits on charity accounts/finance. Just a thought anyway
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Comments
I agree that charity accounts would be a useful module to add - perhaps an optional one?
This I find amazing as most businesses would fall under those standards - I understand that not everything can be covered and a lot is learned on the job - maybe optional units could be added for those interested in more specific industries like Charity accounting?