Briefing / Accounting for leases
This briefing sets out the basic requirements of the new accounting standard. It provides a summary of the decisions which will have to be made when applying the standard for the first time and it reflects the decisions that HM Treasury is expected to mandate. It also considers where the application of the new standard may be difficult and particular issues NHS bodies may need to consider.
This version of the briefing updates the one published in October 2017 to take account of the pre accounts planning conference and the FRAB minutes from November 2017. The briefing will be updated as HFMA members discuss the application of the standard and as HM Treasury and the Department of Health and Social Care issue further guidance.
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