Introduction to Local Authority Accounts and Closedown

About this event

Who should attend?

The programme is designed primarily for those new to local authority accounting and financial reporting, exploring the different elements of the accounts and the processes involved in the preparation of local authority financial statements.

It also provides useful context for members of staff outside of corporate finance who might be supporting the accounts closedown process.

How will I benefit from attending?

The training will provide attendees with:

• An awareness of the regulatory framework for local authority financial reporting and how that is fulfilled through compliance with the Code of Practice on Local Authority Accounting in the UK (the Code).
• A greater understanding of the differences between revenue and capital expenditure, the financing of that expenditure and how it is reported in the accounts.
• An overview and understanding of the main elements of a set of local authority accounting statements and the key messages being communicated.
• An overview of the considerations and areas of good practice for supporting the accounts closedown process.

CPD hours

Five hours.