Staffordshire County Council achieves IFRS compliance with RAM’s Capital Accounting solution

Staffordshire County Council achieves IFRS compliance with RAM’s Capital Accounting solution


Keeping track of your assets

Staffordshire County Council is a local authority serving the residents of Staffordshire and the surrounding areas with over £2 billion worth of assets. It was this large asset base that caused the Council to look for an effective and efficient capital accounting system, implementing Real Asset Management’s (RAM) fixed asset solution in March 2012.

William Wilkes, Senior Accountant, Staffordshire County Council, comments, “We were using spread sheets to monitor our assets before engaging with RAM and acknowledged that we needed something far more efficient and flexible, especially as the compliance requirements within IFRS became increasingly complicated.