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Accounting for public funds
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From : NTVKenya
Added: Nov 4, 2009
http://www.ntv.co.ke The push is on to compel the government to adopt new standards of financial accounting that are expected to improve the measurement of the performance and financial position of public institutions. The standards referred to as International Public Sector Accounting Standards (IPSAS) are designed to recognize, measure, present, and disclose all transactions regardless of when cash is paid or received. Three countries namely; Switzerland, Israel, and South Africa have already adopted the use of these new accounting standards.
Category : News
Added: Nov 4, 2009
http://www.ntv.co.ke The push is on to compel the government to adopt new standards of financial accounting that are expected to improve the measurement of the performance and financial position of public institutions. The standards referred to as International Public Sector Accounting Standards (IPSAS) are designed to recognize, measure, present, and disclose all transactions regardless of when cash is paid or received. Three countries namely; Switzerland, Israel, and South Africa have already adopted the use of these new accounting standards.
Category : News
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