hra briefing paper


Accounting for Depreciation, Impairments and Valuation Losses in the HRA

One of the recurring areas of questioning during the recent FAN Accounts Closedown series was in respect of the accounting requirements for HRA depreciation, impairments and valuation losses for 2012/13 and beyond:  What hits HRA balances in respect of dwellings and non-dwellings, and what differences arise from the transitional arrangements?

To help practitioners in applying the requirements of the Code CIPFA FAN have produced a short Briefing Paper highlighting the changes to the accounting under Self Financing and the Item 8 Determinations.