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CAIRNGORMS NATIONAL PARK AUTHORITY

FOR DECISION

Title: 		REPORT ON 2009/10 ACCOUNTS: ACCOUNTING
		POLICIES

Prepared by: 	ALISTAIR HIGHET, FINANCE MANAGER

Purpose

To present for approval to the Audit Committee revised accounting 
policies for the 2009/10 accounts which reflect International Reporting 
Standards (IFRS) rather than UK GAAP.

Recommendations
The Committee is asked to:
	a) Consider and approve the revised accounting policies for 
	inclusion in the 2009/10 accounts.

Executive Summary

1. Given the requirement for public bodies to prepare accounts which reflect 
IFRS rather than UK GAAP from 2009/10 onwards, some changes to accounting 
nomenclature, policies and disclosures have arisen.

2. An initial draft of accounting policies revised to reflect IFRS was included
in the documentation submitted to Audit Scotland for their review of the 2008/09
shadow IFRS accounts in November 2009.

3. As part of the current IFRS exercise for 2009/10 we have worked together with
Loch Lomond and the Trossachs National Park Authority to align our policies 
where practical.

4. This paper sets out the proposed accounting policies for 2009/10 as revised 
for IFRS. The main financial impact of these policies is the added provision for 
staff holiday pay and flexi-time cost that will be included in year end 
liabilities. The amount to be added at 31st March 2009 was £64k 
(31st March 2008 £46k) and the impact on the 2009/10 IFRS accounts will depend on
how the position at 31st March 2010 differs from that at the end of March 2009.

Alistair Highet
31st March 2010
alistairhighet@cairngorms.co.uk