Introduction to Collection Fund Accounting in England

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. 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 rates control accounts, the calculation of Collection Fund surpluses and deficits, presentation of the entries in the accounting statements and the implications of the Collection Fund for the Council’s general Fund.

Date

11 June 2024
Starts: 10:00
Ends: 16:10

Location

Webinar

Standard price

£365.00 excl VAT

Network Member Price

£310.00 excl VAT

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About this event

Who should attend?

The programme is aimed primarily at local authority accountants who are new to Collection Fund accounting, or who would like to refresh their knowledge in this ever-changing technical area of local authority accounting.

How will I benefit from attending?

The training will provide attendees with an:

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 interactions between the revenues system and the Collection Fund.
Awareness of the impact of statutory estimates on the Collection Fund process.
Greater understanding of the consequences of Collection Fund accounting and its interaction with the General Fund.

CPD hours

Five hours.

Topics

Accounting
/ Business rates
/ Financial reporting
/ Local government
/ Professional development

Download programme schedule

Collection Fund 2024 programmePDF 96.58 KB