Fair Shares? Guidance on the Accounting Treatment of Overheads in the Context of Best Value

In its Best Value Accounting Code of Practice (BVACOP) CIPFA committed to providing more guidance on the practical application of the seven general principles for recharging overheads. This new publication does just that, by providing guidance not only on the practical application of the seven principles, but on additional issues about recharging methodologies. The guidance is intended for all organisations to which BVACOP applies, namely local authorities, police and fire authorities in the United Kingdom.

Although recharging processes that fully comply with the seven principles are in their early stages, evidence of emerging good practice is in abundance. Practitioners will welcome the real life case studies contained in this publication as they exemplify these emerging good practice methods. It is intended that authorities will use these peer experiences to help them in the emergence and development of their own best practice techniques.