Charitable status and Income statement exposure: Difference between pages

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Charitable status means the legal privileges enjoyed by an organisation which conforms to the regulations set out in charity law and other relevant laws.  
1.
''Foreign exchange risk''.
Arises as a result of the process of translating income statement items denominated in foreign currency into group income statements denominated in the parent currency.
This is a form of foreign exchange Translation exposure.


For example, the Charities Act in the UK.
2.
More generally, the risk of adverse effects in the income statement arising from foreign exchange risk or from other sources.


== See also ==
* [[Balance sheet exposure]]
* [[Group accounts]]
* [[Income statement]]
* [[Translation exposure]]


Organisations with charitable status cannot use their assets for any purposes other than pursuing their charitable objectives.
In return charities normally enjoy:
*Preferential tax treatment and tax reliefs.
*Eligibility to apply for certain sources of grant funding.
== See also ==
* [[Credit union]]
* [[Grant]]
* [[Housing association]]
* [[Mutual]]
* [[Not-for-profit]]
* [[Profit]]
* [[Third sector]]

Revision as of 14:19, 23 October 2012

1. Foreign exchange risk. Arises as a result of the process of translating income statement items denominated in foreign currency into group income statements denominated in the parent currency. This is a form of foreign exchange Translation exposure.

2. More generally, the risk of adverse effects in the income statement arising from foreign exchange risk or from other sources.

See also


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