The long road to accrual accounting

June 27, 2017

By Dawn Cowie, includes “… The IPSAB interviews reveal the challenges involved in making the transition to accrual accounting and International Public Sector Accounting Standards (IPSASs): these include the difficulty of overhauling financial systems and processes to log income and expenditure on a daily basis, retraining staff, and educating politicians about how to use the new information. However, they also make clear that accrual accounting brings many benefits – such as more reliable, transparent and timely financial reporting; better decision-making by politicians and public officials; and greater transparency and clarity, resulting in better use of taxpayers’ money. …”

Read the full article on: Global Government Forum

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