The Academies Financial Handbook sets out the financial management, control and reporting requirements that apply to all academy trusts. It describes a financial framework for trusts that focuses on principles rather than detailed guidance and reflects their accountability to Parliament and to the public. Compliance with the handbook is a condition of each trust’s funding agreement.
Academies Financial Handbook 2016
The 2016 handbook was effective from 1 September 2016 to 31 August 2017. Academy trusts completing financial statements for the period ending 31 August 2017 should refer to the 2016 edition of the handbook.
Academies Financial Handbook 2017
The 2017 edition of the handbook applies to accounting periods commencing on or after 1 September 2017.