NEWS

LAAP 82 - Guidance on deposits with Icelandic Banks - Update
This bulletin has been updated to incorporate developments that have taken place since the bulletin was issued, up to May 2011. 

LAAP 89 - The change from RPI to CPI for pensions increases
The Local Authority Accounting Panel is issuing this bulletin to assist organisations that are subject to the CIPFA LAASAC Code of Practice on Local Authority Accounting in the UK to implement the requirements of UITF abstract 48-Accounting implications of the replacement of the retail prices index with the consumer prices index for retirement benefits.

LAAP 88 - Closure of the 2010/11 Accounts and Related Matters
The Local Authority Accounting Panel is issuing this bulletin to highlight areas that may cause authorities difficulties when closing the 2010/11 accounts, and in particular issues relating to the first time adoption of IFRS.

Take the pressure off your year-end accounts with the new Proforma Accounting Tool Kit
The end of June 2011 deadline for local authorities to produce their 2010/2011 IFRS compliant final accounts is imminent. Produce your final accounts on time and accurately with the help of the new Proforma Accounting Tool Kit.

Benefits of using Proforma

• Speed up the process of preparing year-end financial statements
• Adjustments will automatically update statements
• Auditors will see the source and destination of all figures

If you buy the Proforma Tool Kit with our two complimentary solutions; IFRS Tool Kit and Cash Flow Tool Kit by 31 March you'll receive a 20% discount.

For more information, contact jenny.mcclaughlin@cipfa.org.uk quoting MA843/LAP.

Code Guidance Notes - example set of accounts
To assist authorities with the preparation of their first IFRS based accounts, the Example Set of Accounts (extracted from the Code of Practice on Local Authority Accounting in the United Kingdom: Guidance Notes for Practitioners - 2010/2011 Accounts) is being made available ahead of publication on 20 December 2010, and can be downloaded by clicking here. To order your copy of the Guidance Notes please click here.

USEFUL INFORMATION

File Your Authority's Charity Annual Returns Early
Many charities are managed by local authorities who act as corporate trustees. Nigel Davies, Deputy Head of Accountancy Policy, explains the Charity Commission's new campaign to encourage charities to file their annual reports and accounts early - and the guidance available to help beat the deadlines. Don't leave it to the last minute.

   EVENTS

Details of relevant events will be added as soon as they become available.