Briefing / Accounting for joint working arrangements 2017

This briefing deals with how joint working arrangements should be accounted for.  It considers which accounting standards should be applied and the types of questions which should be asked when determining the appropriate accounting treatment.  In particular, it looks at how the question of who has control can be assessed both in accounting terms for the entity and in terms of the preparation of the national accounts.

Whilst these questions are being posed to answer an accounting question, they can also be used to tease out governance issues and possible weaknesses in financial management.

The briefing considers practical issues VAT, legality and governance as well as the difficulties which may be encountered when preparing a consolidated set of accounts.