Responding to COVID-19: insight, support and guidance

Introduction to local authority financial statements and closedown

Event

Event summary

This Financial Advisory Network open training course provides a solid understanding of local authority financial reporting requirements under the UK Accounting Code of Practice, the contents and structure of local authority financial statements, and the main considerations in relation to the closedown process supporting those statements.

Date

08 November 2022
Starts: 10:00
Ends: 16:00

Standard price

£345.00 excl VAT

Network Member Price

£295.00 excl VAT

Book now

About this event

Who should attend?

The programme is designed primarily for those new to local authority accounting and financial reporting, exploring the different elements of the accounts and the processes involved in the preparation of local authority financial statements. It also provides useful context for members of staff outside of corporate finance who might be supporting the accounts closedown process.

How will I benefit from attending?

The training will provide attendees with an:

  • awareness of the regulatory framework for local authority financial reporting and how that is fulfilled through compliance with the Code of Practice on Local Authority Accounting in the UK (the code)
  • understanding of the differences between revenue and capital expenditure, the financing of that expenditure and how it is reported in the accounts
  • overview and understanding of the main elements of a set of local authority accounting statements and the key messages being communicated
  • understanding of the considerations and areas of good practice for supporting the accounts closedown process

Topics

  • Accounting
  • / Accounts closedown
  • / Financial reporting
  • / IFRS
  • / Local government
  • / Professional development

Download programme schedule

PDF 119.98 KB

Book now

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.

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