Government Financial Report

Author: International Association of Accounting, Public Sector Committee, Ministry of Finance Budget Department, The Hong Kong Polytechnic University
Publisher:
Publishing Date: 2002-01-01
Features: This book aims to help governments at all levels understand the issues related to financial reporting. Although some parts of this research report are only applicable to the central government, the rest of the content is applicable to governments at all levels. This research report provides a detailed description of the accrual basis and cash basis of accounting, and offers examples of financial statements prepared on these two accounting bases. It also explains general practical issues on both accounting bases and provides corresponding examples. The content includes accounting policies related to accounting bases and formats of financial statements prepared on different accounting bases. This helps governments change their accounting basis, ultimately contributing to improving the comparability of financial statements within and between governments.