FAN produces the collection fund accounting spreadsheet models for its subscribers (and non-subscribers who wish to purchase them) to assist practitioners with the complexities of accounting for council tax and business rates. The models do not constitute official guidance but are intended to support practitioners in their understanding and application of the collection fund and subsequent general fund accounting requirements.
21 March 2018Starts: 10:00Ends: 16:00
Novotel Bristol HotelVictoria StreetBristolSomersetBS1 6HY[See map]
£295.00 excl VAT
The events will guide you through completing the models and understanding the mechanics of how they work and what they produce so as to maximise their benefit, not only as a closedown tool (bearing in mind quicker closedown) but also in financial planning. During these events we aim to do just that, using worked examples to walk step by step through both the council tax and NDR models, led by Caroline White who developed them.
The models will be updated to incorporate the 100% business rates retention pilots for 2017/18 and the last session of the day will cover their specific requirements and the additional functionality of the models for these.
Alongside these events we are running workshops on completing and accounting for NNDR 3 2017/18. To gain maximum benefit from the model events, practitioners may wish to consider attending the NNDR 3 events first, especially if they are new to the area of collection fund accounting.
This event is aimed at practitioners who are new to using the collection fund models for 2017/18 or who require a refresher, to assist in the production of their collection fund and general fund accounting.
The events will:
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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. E: firstname.lastname@example.org, T: 01964 533097.
Understanding and Using the FAN Collection Fund Accounting Models