- 4 Marks
PSAF – May 2016 – L2 – Q3d – Preparation and presentation of financial statements for central government
This question covers the explanation of the features of the new Chart of Accounts used in the public sector.
Question
The new Chart of Accounts has been designed to reflect the generic organisational structure of Government and its requirements for financial reports. It is based on the Ghana Finance Statistics Manual, International Monetary Fund, and Government of Ghana Reporting requirements.
Required: Explain FOUR features of this new Chart of Accounts.
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