Introduction to Local Authority Capital Accounting

Event

Event summary

This course provides delegates with a solid understanding of Local Authority capital accounting concepts and principles, looking at accounting for capital expenditure and its financing, and drawing in the key elements from the Prudential Framework. It also provides an overview of the changes to lease accounting under IFRS 16.

Date

24 July 2024
Starts: 10:00
Ends: 16:30

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 the local authority capital planning and accounting agenda, or who would like to refresh their knowledge in this ever-changing technical area of local authority accounting.

The workshop will also benefit local authority finance staff wishing to understand the broader considerations in relation to capital projects and related budgeting and planning.

How will I benefit from attending?

The training will provide attendees with:

  • An understanding of the principles and concepts relating to capital planning, accounting and financing, including key definitions and an overview of the frameworks governing this technical area.
  • An awareness of the key concepts covered by the Prudential Code and their application to local authority capital expenditure and financing.
  • Practical examples of matching resources to capital projects and the accounting implications for preparation of the statutory accounts.

CPD hours

Six hours.

Topics

  • Accounting
  • / Capital finance
  • / Financial reporting
  • / Local government
  • / Professional development
  • / Treasury management

Speaker - David Ellis, FAN Advisor, CIPFA

David Ellis

David joined CIPFA in July 2012 as a FAN advisor, after a 30 year career in local government. He spent several years as chief accountant with key responsibilities for the statement of accounts.

David has an extensive technical knowledge and practical understanding of local authority financial statements and the International Financial Reporting Standards (IFRS)-based Code of Practice, and uses that wealth of knowledge and experience to provide support and guidance to practitioners across local government in his established role as FAN advisor. David qualified with CIPFA back in 1989 and uses his passion for understanding the evolving technical aspects of local authority accounting to provide support to finance staff at a practical level. As the pressures on local government funding and services continue to bite, CIPFA's FAN support is becoming an ever-important lifeline for busy practitioners in helping them prepare for and manage the changes in financial reporting and accounting required to comply with the code of practice.

Email: david.ellis@cipfa.org
Tel: 07879 665950

Speaker - Rebecca Hewitt - Public Finance Technical Advisor, CIPFA

Rebecca Hewitt

Rebecca joined the Public Financial Management team at CIPFA in 2023 as a technical advisor, following a 20-year career working in local government and for a treasury advisory company. A CIPFA-qualified accountant, she has experience across technical accounting, closedown of accounts, budgeting and financial management for different types of local authorities. Her main areas of expertise are capital and treasury management.

Webchat is available Monday to Friday, 09:00 - 17:00 (excluding UK bank holidays).