The new standard is effective from 2027 and is intended to standardise the presentation of profit.
This briefing provides members with key year-end reminders for the 2023/24 annual report and accounts.
There is one major change, for NHS bodies to meet the requirements of phase one of the implementation of the Task Force on Climate Related Disclosures
The HFMA has responded to the HM Treasury’s phase 2 exposure draft for Task Force on Climate-related Financial Disclosures (TCFD) – aligned disclosure
This paper is intended to update HFMA members on developments in financial reporting that may affect them as finance professionals working in the NHS.
The HFMA is broadly supportive of the proposals but members are very concerned about the impact on their bottom line and capital allocations.
NHS finance professionals have raised concern that an under-funded spending limit for leases in 2023/24 is leading to sub-optimal capital decisions.
Discussion of technical challenges and skill-based competencies in a delegate led and discussion based environment.
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.