Section B – The Financial Framework - Government Accounting

B1.2 – Government Expenditure
13.In addition to the statutory requirements, the Appropriation
Account incorporates further information of an accruals nature.
Alongside the columns for Estimate and Outturn, each account
contains a closing accruals column, showing the net position at
year-end regarding accrued expenses, accrued income, deferred
income and prepayments. Other accruals information is set out
within a series of notes to each Appropriation Account,
including:
(a)an operating cost statement;
(b)a statement of assets and liabilities with further
explanatory notes regarding:
(i) capital assets;
(ii) capital assets under development;
(iii) the net liability to the Exchequer.
(c)a global figure for commitments likely to
materialise in the following year on grant and
procurement subheads;
(d)a table showing legally enforceable multi-annual
capital commitments.
14. The Appropriation Account must comply with Government
accounting procedures and any other directions of the
Department of Finance. In general, the standard accounting
policies (which are outlined in the Appropriation Accounts
Volume) in force at the time must be observed or if not, the
departures from these policies must be noted.
15. Accounting Officers must have the Appropriation Account for
each Vote under their control prepared and they must sign and
present the account to the Department of Finance and the
Comptroller and Auditor General before 1 April of the year
following that to which it relates (see Section A5.1).
Accounting Officers submit a Statement of Internal Financial
Control (see Section AA, Appendix 5) with their Appropriation
Accounts. When certified by the Comptroller and Auditor
PFP 11/08