Question

What are the advantages in adopting IPSAS either under accrual or cash basis.

What are the advantages in adopting IPSAS either under accrual or cash basis.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

The following are advantages in adopting IPSAS:

1. There will be more transparency and better accountability which leads to no corruption.

2. Proper decision making based on transparent data.

3. Proper data maintenance leads to consistency and better application.

4. It improves the financial management and inturn better efficiency.

5. Brings professionalism in the public sector enterprises.

6. Proper adoption of thse standards give confidence to present and potential investors.

7. It improves employment, standard of living, improves per capita income , stable government.

8. The countries can compare with other countries application.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
What are the Challenges in adopting IPSAS either under accrual or cash basis.
What are the Challenges in adopting IPSAS either under accrual or cash basis.
What would be some of the recommendation in adopting IPSAS either under accrual or cash basis.
What would be some of the recommendation in adopting IPSAS either under accrual or cash basis.
Under what circumstance should dividends be recognized? a. On a cash basis b. On an accrual...
Under what circumstance should dividends be recognized? a. On a cash basis b. On an accrual basis c. When shareholders have legal rights to receive payments d. On an actual basis where dividends are declared
Under accrual-basis accounting cash must be received before revenue is recognized. events that change a company’s...
Under accrual-basis accounting cash must be received before revenue is recognized. events that change a company’s financial statements are recognized in the period they occur rather than in the period in which cash is paid or received. net income is calculated by matching cash outflows against cash inflows. the ledger accounts must be adjusted to reflect a cash basis of accounting before financial statements are prepared under generally accepted accounting principles.
1.What is the difference between accrual basis and cash basis of accounting? Definition Why are they...
1.What is the difference between accrual basis and cash basis of accounting? Definition Why are they required Example What happens if they are not correctly prepared.
Which of the following is in accordance with generally accepted accounting principles? Accrual-basis accounting Cash-basis accounting...
Which of the following is in accordance with generally accepted accounting principles? Accrual-basis accounting Cash-basis accounting Both accrual-basis and cash-basis accounting Neither accrual-basis nor cash-basis accounting
1)    What is the difference between "Accrual" Accounting and "Cash" basis accounting? 2)    What is the...
1)    What is the difference between "Accrual" Accounting and "Cash" basis accounting? 2)    What is the Accounting "Principle" that supports "Accrual" Accounting? 3)    Does the cash basis of accounting reflect future liabilities? 4)    Which method provides more consistent information? 5)    Which method is considered to be part of "GAAP"?
What is better for a Health Care organization, the accrual or cash basis of accounting? Why?
What is better for a Health Care organization, the accrual or cash basis of accounting? Why?
Explain the difference between cash basis and accrual basis accounting. The student may define/explain and give...
Explain the difference between cash basis and accrual basis accounting. The student may define/explain and give example for both cash basis and accrual basis computation of accounting net income
Notate which of the following are either cash fro or accrual basis of accounting 1. purchased...
Notate which of the following are either cash fro or accrual basis of accounting 1. purchased an auto part worth 1k and paid 300. Business records only 300 as the expense 2. paid 250 for prepaid telephone expenses over the next month. Business records it in the current month 3. Purchased an auto part worth 1k and paid 300. Business records 1K as the expense 4. paid 250 for prepaid telephone expenses over the next month. Business records it in...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT