Year End Agreements

Year End Agreements : A Guide to Good Practice in the NHS

  • Paperback

List price: US$13.42

Currently unavailable

Add to wishlist

AbeBooks may have this title (opens in new window).

Try AbeBooks

Description

This 48-page guide has been developed by the HFMA's Accounting and Standards Committee and is designed to provide practical help to all those involved in the agreement of year end balances for primary care trusts, NHS trusts and foundation trusts. Although the guide is based on the process operated in England, much of the advice it sets out will be of interest and help to practitioners in Northern Ireland, Scotland and Wales. As the NHS in England enters a period of change and reform with changing organisational structures, the finance function at both organisational and whole service level will continue to have a pivotal role in relation to the safeguarding of public money and demonstrating accountability for its use. The advice within this guide is timely and by explaining the reasons for the agreement of balances, the reconciliation process, setting out a practical approach and making good practice recommendations, the guide will help the year end processes run more smoothly.show more

Product details

Table of contents

Why is the reconciliation process necessary?; NHS standards; What exactly do we have to do?; How is all this recorded?; What does the Department of Health do with the information?; Managerial issues; Month 9 reconciliation; Revenue and expenditure agreements - good accounting practice during the year; Special arrangements; What do I need to do?;show more

Author information

Written by HFMA's Accounting & Standards Committee. The Accounting & Standards Committee aims to promote high standards in accounting and financial reporting within NHS. The committee has an active work programme, producing appropriate guidance for members in the areas of financial accounting and accounting standards. The committee also develops the popular Pre-Accounts Planning Conferences which are a key date in the HFMA calendar. Membership is drawn from all sectors of the NHS and includes representatives from the Audit Commission, National Audit Office and the Department.show more