Statutory guidance

NHS foundation trusts: financial accounting guidance

NHS foundation trust finance staff should use this guidance, which is updated regularly, to do their work.

• From: Monitor
• Published: 21 March 2013
• Last updated: 30 May 2017
  Show all updates

  1. 30 May 2017

     We've added April and May updates to the page.

  2. 4 April 2017

     Added March's updates

  3. 2 March 2017

     Added February's data

  4. 26 January 2017

     Published the latest updates

  5. 5 October 2016

     We published the September updates

  6. 1 September 2016

     Added entry for August

  7. 7 June 2016

     Published the June 2016 update

  8. 17 May 2016

     Published May 2016 updates

  9. 19 April 2016

     Added information about an important FTC fixer, 2016/17 organisational changes for agreement of balances and year end accounts.

  10. 5 April 2016

      Added a link to additional guidance for preperation of year end accounts from the Department of Health.

  11. 24 March 2016

      We've added updates to the March 2016 section of the financial accounting guidance updates

  12. 11 March 2016

      Added new guidance on month 12 accounts.

  13. 22 December 2015

      New December 2015 updates

  14. 15 December 2015

      We've published the updates for December 2015.

  15. 27 November 2015

      November updates added.

  16. 4 November 2015

      Update made to page for 26 October 2015.

  17. 21 October 2015

      Added information on the timetable for 2015/16 accounts, survey on IFRS 15 revenue and Monitor’s response to NAO consultation on guidance for auditors’ work on use of resources.

  18. 9 October 2015

      Updated page with information on the injury cost recovery scheme and month 6 agreement of balances.

  19. 6 May 2015

      Updated page with information on the NHS Pension scheme example disclosures, guidance to accompany GBS statements, month 9 agreement of balances, PDC and cash statements, and CCG and CSU changes.

  20. 13 April 2015

      Updated page with information on ill health retirement figures and NHS England structure changes.

  21. 24 March 2015

      Updated page with 'agreement of balances: month 12' and news of changes to NHS England structure.

  22. 17 March 2015

      Updated page with information on the release of FTC month 12 template.

  23. 27 February 2015

      February 2015 updates added.

  24. 7 January 2015

      Page updated with a clarification on the FTC

  25. 2 January 2015

      Updated page with the latest accounting guidance for NHS foundation trusts.

  26. 8 December 2014

      Updated guidance to include information on discount rates for post-employment benefits and general provisions.

  27. 7 November 2014

      Updated page with letter accounts and agreement of balances timetable and information on the Month 6 agreement of balances.

  28. 3 November 2014

      Updated page with the latest accounting guidance for trusts.

  29. 29 August 2014

      Added information on 'Month 6 Agreement of Balances, 26 August 2014'.

  30. 27 May 2014

      Added a clarification on 'going concern' for NHS foundation trusts.

  31. 7 May 2014

      Added update on VAT on invoices from NHS Property Services

  32. 11 April 2014

      Added an update on year-end information to be provided by Monitor, NHS Pensions employer disclosure, PDC dividend calculation and an additional FAQ on the FT ARM.

  33. 7 April 2014

      Added an update on year end information to be provided by Monitor

  34. 26 March 2014

      Added an update from NHS Property Services

  35. 21 March 2013

      First published.

This publication was withdrawn on 4 July 2017

From 2017/18 onwards, financial accounting and reporting updates for NHS trusts and NHS foundation trusts can be found at http://improvement.nhs.uk/financialreporting.

Applies to England

Documents

Financial accounting guidance updates

HTML

NHS foundation trust FTC completion instructions Month 9 2015/16

PDF, 687 KB, 30 pages

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Public Expenditure System (PES)

PDF, 165 KB, 5 pages

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Details

Financial accounting updates, including year-end accounts, the NHS foundation trust consolidation (FTC) process and the agreement of balances process.