National Lottery Distributing Body Accounts Directions 2014-15
National Lottery Distributing Body Accounts Directions 2014-15
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These Accounts Directions, issued on behalf of the Secretary of State for Culture, Media and Sport, set out how Lottery Distribution activities should be accounted for from 2014-15 onwards. These Directions replace those previously in place. The main difference is a change from “Commitments- based” accounting to the more common “Accruals” accounting standard.