皇冠体育app

Annual Report

皇冠体育app Annual Report meets DFID鈥檚 obligation to report on its activities and progress toward the Millennium Development Goals under the International Development (Reporting and Transparency) Act 2006. It includes information on DFID鈥檚 results achieved, spending, performance and efficiency. 皇冠体育app audited statutory accounts include spend against Parliamentary Estimate, and a statement of DFID鈥檚 assets and liabilities.

Accounts

DFID鈥檚 Accounts are prepared in accordance with the 2012-13 Government Financial Reporting Manual (FReM), issued by HM Treasury. 皇冠体育app accounting policies contained in the FReM apply International Financial Reporting Standards as adapted or interpreted for the public sector context. DFID鈥檚 Accounts are similar in many respects to the annual accounts prepared by private sector businesses. 皇冠体育appy contain the primary financial statements recording the full costs of activities, DFID鈥檚 assets and liabilities as well as providing information on how resources have been used to meet objectives. 皇冠体育app format is tailored to central government accounting including, for example, financial comparisons against the department鈥檚 resource-based estimates. Those not familiar with the format of the accounts might like to focus on the operating and financial review within the Management Commentary to the accounts, which summarises the key areas of performance. 皇冠体育app accounts are audited by the National Audit Office (NAO) before they are presented to Parliament.

Datasets are provided for: results; core tables on departmental expenditure (chapter 7 of the annual report); and the annual reporting of statistical information (Annex B of the annual report).

Related links

• Annual Report and Accounts 2012-13 datasets
• DFID Annual Report and Accounts 2012-2013 methodology notes

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