Introduction to Collection Fund Accounting in England

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Event summary

This is an introduction to collection fund accounting in England, a technically complex area of local authority accounting that causes issues for experienced and new practitioners alike. Originally run as a FAN hot topics series in Autumn 2014, the popularity of this subject means that we continue to run it as a training day.

Date

10 October 2017
Starts: 10:00
Ends: 16:30

Location

CIPFA Mansell Street
77 Mansell Street
London
E1 8AN
[See map]

Standard price

£345.00 excl VAT

Network Member Price

£295.00 excl VAT

*the event has started.

About this event

After a short overview of the statutory framework for collection fund accounting, the day will explore the constituent elements of the council tax and business rate control accounts, the subsequent calculation of collection fund surplus/deficits and statement presentation and the implications for the general fund.

Throughout the workshop the various topics are explored using illustrative examples and practical exercises, designed to reinforce the learning and to provide useful reference material to assist practitioners with the future application of Collection Fund accounting in practice.

Who should attend?

The series is designed to aid practitioners in English local authorities with their understanding of the code of practice and legislative requirements for collection fund accounting and putting this into practice. It is aimed primarily at billing authority practitioners who haven’t done collection fund accounting before, those who may only have done it pre-2013/14 or those who require a refresher but will also be of interest to precepting authority practitioners who wish to enhance their knowledge of the subject.

How you will benefit

The key benefits of attending will be:

  • understanding of how the collection fund works and confidence in applying the Code of Practice and legislative requirements to collection fund accounting
  • awareness of the interaction between the revenues system and the collection fund
  • awareness of the impact of estimates in the collection fund process
  • greater understanding of the consequences of collection fund accounting and its interaction with the general fund
  • an opportunity to network with CIPFA advisors and peers on topical accounting issues and explore the practical application of the code through worked examples.

Topics

  • Accounting
  • / Business rates
  • / Financial management
  • / Financial reporting
  • / IFRS
  • / Local government
  • / Professional development
  • / Revenues and benefits

Download programme schedule

PDF 103.72 KB

Speaker - Caroline White, Finance Advisor, Finance Advisory Network (FAN)

Caroline White

Caroline has been a Finance Advisory Network advisor at CIPFA since early 2013, supporting practitioners in all aspects of local government accounting and particularly in the technical area of collection fund accounting.