Academies Accounts Direction 2018 to 2019

Our summary of the key changes trustees and finance staff need to be aware of.

The Education and Skills Funding Agency (ESFA) have published the Academies Accounts Direction (AAD) 2018 to 2019, which is the guidance pack for academy trusts and their auditors to use when preparing their annual reports and financial statements for accounting periods ending on 31 August 2019, or for trusts preparing short period cessation accounts beginning 1 September 2018.

The AAD contains a summary of the main changes – and there are relatively few in this latest edition – however, we have once again produced our own summary of these changes along with our commentary and views on the implications, drawn from our extensive sector knowledge and experience.

Download it below:

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Summary of the Academies Accounts Direction 2018 to 2019