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Code of Practice on

Local Authority Accounting in the

United Kingdom

2014/15 Accounts

guidance notes

for practitioners

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Code of Practice on

Local Authority Accounting in the

United Kingdom

2014/15 Accounts

guidance notes

for practitioners

Published by:

CIPFA \ THE CHARTERED INSTITUTE OF PUBLIC FINANCE AND ACCOUNTANCY

3 Robert Street, London WC2N 6RL

From 1 January 2015, CIPFA will be moving to 77 Mansell Street, London E1 8AN

020 7543 5600 \ publications@cipfa.org \ www.cipfa.org

© December 2014 CIPFA

ISBN 978 1 84508 418 9

Edited by Sarah Williams (sarah@redlane.org.uk)

Designed and typeset by Ministry of Design, Bath
(www.ministryofdesign.co.uk)

Printed by Trident Printing, London

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Introduction

The Code of Practice on Local Authority Accounting in the United Kingdom (the Code) defines proper accounting practices for local authorities in England, Wales, Scotland and Northern Ireland.

These Guidance Notes are designed to assist practitioners and others in understanding how to apply the accounting requirements of the Code for 2014/15, dealing with all relevant issues for the financial statements for that year.

They provide background to the Code’s requirements and illustrate in greater detail how its provisions might be applied in practical situations. They assist practitioners in their own application of the Code’s requirements, without binding them in any way as to their own professional duty to interpret the accounting requirements.

To view the Guidance Notes (in Acrobat PDF format) please click on Download Resources and PDF link under Contents, or click the links below. For ease of use, the entire PDF has been split into its respective modules.

Code Guidance Notes: Whole PDF

Module 1: Introduction

Module 2: Concepts and Principles

Module 3: The Financial Statements

Module 4: Non-current Assets

Module 5: Current Assets

Module 6: Employee Benefits

Module 7: Financial Instruments

Module 8: Liabilities

Module 9: Group Accounts

Module 10: Other Accounting Themes