Accounting and Standards Committee
Promoting high standards in accounting and financial reporting within the NHS.
The Committee has an active work programme and supports the publication of best practice guidance for members in the areas of financial accounting and accounting standards. It also develops the annual HFMA 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 Department of Health and Social Care, NHS England, the Scottish Government, the Welsh Government, and the National Audit Office.
Meetings are held four times a year.
Looking for year-end resources?
The HFMA has collated all of its resources focused on the production of the 2023/24 annual report and accounts into one place.
Meeting summary documents
The Accounting and Standards Committee met virtually for their first meeting of the year.
The Accounting and Standards Committee met for their final meeting of the year.
The Accounting and Standards Committee met for their 2nd meeting of the year.
Featured publications
This briefing provides members with key year-end reminders for the 2023/24 annual report and accounts.
Based on conversations with auditors and preparers, this briefing gives some hints and tips on preparing a well-tailored annual report and accounts.
An explanation for those not involved in producing the annual report and accounts why they should take action when asked for information for it.
NHS bodies will be required to apply IFRS 17 from 1 April 2025. So, they will need to assure themselves that they have identified all such contracts.
In July and August 2023, the HFMA surveyed its members about the year-end process to see whether there were any lessons that could be learned.
Featured events
This forum will bring together national updates, topical issues, best practice examples and networking opportunities.
This conference will keep all those involved with NHS charities up to date with any changes to practices and procedures.
The HFMA mental health conference is a learning and development event and is the largest face to face event for the HFMA Hub mental health network.