The adoption of FRS 26 in 2007 and International Financial Reporting Standards in 2010 has complicated some aspects local authority accounting, especially from the treasury manager’s point of view. Since 2007, we have provided a substantial amount of advice to assist our clients in accounting for their financial instruments.

When clients anticipate difficulty in preparing their financial accounts, we give detailed line by line advice on each issue, explaining both the accounting requirements and the rationale behind them. This service includes the preparation of the journal entries for clients to input into their accounting systems. We will also prepare and/or review your disclosure notes for financial instruments, to ensure compliance with the Accounting Code of Practice.