Old wine in new bottles: IFRS adoption in NHS Foundation Trusts

S.M Ellwood, J Garcia-Lacalle

Research output: Contribution to journalArticle (Academic Journal)

8 Citations (Scopus)

Abstract

UK public sector organisations, including NHS Foundation trusts, changes to IFRS for their 2009/10 financial statements. Treasury aims were 'to bring benefits in consistency and comparability between financial reports in the global economy and to follow private sector best practice'. Our comparative analysis of Foundation Trusts' financial statements under IFRS shows worse financial results and lower surpluses for the year, higher values of fixed (non current) assets and more indebtedness than under UK GAAP. Implications of the new accounting regime on comparability and transparency of NHS organisations are discussed.
Translated title of the contributionOld wine in new bottles: IFRS adoption in NHS Foundation Trusts
Original languageEnglish
Pages (from-to)335-342
Number of pages8
JournalPublic Money and Management
Volume32
Issue number5
DOIs
Publication statusPublished - Sep 2012

Bibliographical note

Publisher: Routledge

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