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| Tekijä: | Connolly, C. Hyndman, N. |
| Otsikko: | Charity accounting: An empirical analysis of the impact of recent changes |
| Lehti: | British Accounting Review
2000 : MAR, VOL. 32:1, p. 77-100 |
| Asiasana: | Accounting standards Charities Change United Kingdom Europe |
| Kieli: | eng |
| Tiivistelmä: | Since the early 1980s, attempts have been made to reduce the diversity in accounting practice and improve the quality of the published financial statements of charities. Major events of the process were the publications of the original Statement of Recommended Practice (SORP) 2 in 1988 and its revision in 1995. It is argued that inconsistencies in the financial statements of charities and the adoption of dubious accounting practices make it difficult for users of charity accounts to understand the information provided. This paper presents the results of an empirical analysis of 151 financial statements of large fund raising charities in England and Wales as basis for identifying the impact of both the original and the revised SORP. The study's main conclusion is that charity accounting has improved significantly since the 1980s and it is suggested that the impact of the revised SORP is likely to be major although not immediately so. |
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