LASAAC Common Good Fund Guidance


This guidance primarily considers the Common Good funds of local authorities in Scotland. Appendix 2 of this guidance covers further information relevant to the trust funds of local authorities in Scotland.

It supersedes previous LASAAC guidance on Accounting for Common Good issued in December 2007 and has been updated to reflect current financial management practices and relevant legislative changes. The guidance is aimed at finance practitioners and is intended to provide consistency to this area of accounting through its mandatory application.

Common Good Guidance


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