Agenda item

The Committee considered a report of the Corporate Director of Resources that provided a summary of the key accounting changes in the latest edition of the Code of Practice for Local Authority Accounting in the UK (the Code), applied to the 2018/19 accounts (for copy see file of Minutes).

The Principal Accountant, Resources highlighted the two key changes –adoption of IFRS 15 Revenue from Contracts with Customers and adoption of IFRS 9 Financial Instrument.

Resolved:

That the report be noted.