Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
In an effort to promote accountability and transparency in governance, the
administration has adopted and implemented the International Public Sector
Accounting Standards (IPSAS) from January 2014. The governments (Federal, State,
Local) and other public institutions adopted IPSAS in the reporting and presentation
of financial statements to improve the quality and comparability of financial
information, and to be in conformity with other advanced nations of the world. IPSASCASH is already adopted in the budgeting, accounting and presentation of financial
statements, while IPSAS-ACCRUAL takes effect from January 2016.
You are required to:
Identify any SIX benefits of migration from IPSAS-CASH basis to IPSAS ACCRUAL basis.
Find Related Questions by Tags, levels, etc.
The New Public Management concept in the public sector aims at structural, organisational, and managerial changes in public financial management.
Required:
Identify TWO methods proposed by this new management system to improve public financial management. (2 marks)
ii) The intention, methods, and procedures of the regulatory and financial reporting framework of government are meant to ensure that the objectives of public institutions and the government are achieved.
Required:
Explain TWO objectives of the government regulatory and financial reporting framework. (2 marks)
iii) Explain ONE major challenge that may affect the implementation of the objectives of effective financial reporting. (1 mark)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
In an effort to promote accountability and transparency in governance, the
administration has adopted and implemented the International Public Sector
Accounting Standards (IPSAS) from January 2014. The governments (Federal, State,
Local) and other public institutions adopted IPSAS in the reporting and presentation
of financial statements to improve the quality and comparability of financial
information, and to be in conformity with other advanced nations of the world. IPSASCASH is already adopted in the budgeting, accounting and presentation of financial
statements, while IPSAS-ACCRUAL takes effect from January 2016.
You are required to:
Identify any SIX benefits of migration from IPSAS-CASH basis to IPSAS ACCRUAL basis.
Find Related Questions by Tags, levels, etc.
The New Public Management concept in the public sector aims at structural, organisational, and managerial changes in public financial management.
Required:
Identify TWO methods proposed by this new management system to improve public financial management. (2 marks)
ii) The intention, methods, and procedures of the regulatory and financial reporting framework of government are meant to ensure that the objectives of public institutions and the government are achieved.
Required:
Explain TWO objectives of the government regulatory and financial reporting framework. (2 marks)
iii) Explain ONE major challenge that may affect the implementation of the objectives of effective financial reporting. (1 mark)
Find Related Questions by Tags, levels, etc.
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