Financial accounting and reporting updates

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NHS providers should refer to this page for the latest updates on financial accounting and reporting. We also email updates to finance teams.

Follow @Ian_NHSI on Twitter for updates and discussion.

Latest updates

2017/18 reporting timetable (key dates) - 23 October 2017

NHS Improvement has worked with the Department of Health and NHS England to develop the 2017/18 reporting timetable. We can confirm the main submission dates at month 9 and month 12 as:

  • Tuesday 23 January, noon – submission of month 9 PFR return, containing accounts data and monthly monitoring
  • Tuesday 24 April, noon – submission of month 12 PFR return, containing draft accounts data and monthly monitoring
  • Tuesday 29 May, noon – submission of month 12 PFR return, containing audited accounts data and monthly monitoring

At month 9 and month 12 there will be an earlier submission of a ‘key data’ return providing financial headlines. The timing for these is being confirmed, but is likely to be to a similar number of working days after the month end as the monthly monitoring in other months.

In the next couple of weeks we will provide a full timetable letter which sets out the detailed agreement of balances, monitoring and accounts timetable for the rest of 2017/18.

Agreement of balances guidance for 2017/18, 28 September 2017

DH has now issued the month 6 'Agreement of balances' guidance which can be found here.

Additionally on 15 September 2017 providers should have received an email from NHSI which contained the four AoB counterparty contact files (note: the password to the file is in the body of the email). If you have not received said email please contact provider.accounts@improvement.nhs.uk to request a copy.

Preparations for month 9 financial reporting, 23 August 2017

We’ve written to NHS trusts and NHS foundation trusts providing an update on our plans for financial reporting at month 9 and month 12 2017/18. Given the different legacy systems, different versions of the letter were sent to the NHS trust and NHS foundation trust sectors: please see attachments below.

Publication of the Department of Health (DH) Group Accounting Manual (GAM) 2017/18, 30 June 2017

Following a consultation earlier in the year, DH has now published the Group Accounting Manual (GAM) for 2017/18. 

This provides the detailed requirements for accounts for NHS trusts and NHS foundation trusts, and annual report requirements for NHS trusts. The formal accounts direction and requirements for annual reports for foundation trusts will be contained in the FT Annual Reporting Manual, to be published later in the year.

Provider financial monitoring form completion guidance: updated for month 2, 5 June 2017

We have now released the provider financial monitoring form and associated completion guidance for NHS providers and you can find these on your trust portals. These new portals are being used for 2017/18 onwards.  

Update on Department of Health Group Accounting Manual 2017/18, 2 May 2017

Publication of the post-consultation DH Group Accounting Manual (GAM) for 2017/18 is delayed by the purdah period in advance of the general election. The manual is expected to be published in June or July.

The draft version issued for consultation continues to be available here

Agreement of balances guidance for 2016/17, 28 March 2017

DH has now issued the month 12 'Agreement of balances' guidance and quarter 4 update documents. 

Previous financial accounting and reporting updates

These are previous updates that we've published. They are primarily relevant to foundation trusts but some may also be of use to NHS trusts. 

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