There are about 6 (six) bases of public sector accounting as compare to only 3 (three) bases of accounting in financial accounting. Advantages of accrual basis accounting in public sector But in this particular public sector accounting guide we will ...
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WHAT IS THE BASIS OF GOVERNMENT ACCOUNTING?
Eric Adjei
MEANING OF PUBLIC SECTOR ACCOUNTING BASIS These are the main fundamental assumptions that underpin financial statement preparation in the public sector. It refers to the order in which revenues, expenditures, and transfers are recognized in the accounts and presented in ...
WHAT ARE THE BOOKS OF ACCOUNT USED IN PUBLIC SECTOR ACCOUNTING
Eric Adjei
The books of accounts in the public sector is a particular place where anything consider financial information for a certain public sector is collected. The books of account used in the public sector accounting is where all the financial information ...
WHAT ARE THE LEGAL BASIS OF PUBLIC SECTOR ACCOUNTING
Eric Adjei
Hello Dear reader! You are welcome to public sector accounting guide. Every economic system are made up of both the public and private sectors while the private sector is owned and managed by individuals and corporate entities not under the ...
WHAT IS VIREMENT IN PUBLIC SECTOR ACCOUNTING
Eric Adjei
Virement in public sector accounting means the reallocation of funds within the budget of a covered entity, from one budget line to another budget line. WHAT IS VIREMENT IN PUBLIC SECTOR ACCOUNTING Virement is the process of moving money from ...
WHAT IS THE ROLE OF PUBLIC PROCUREMENT IN KENYA
Eric Adjei
What is the role of public procurement in Kenya is our next public sector accounting topic we are going to discuss? PUBLIC PROCUREMENT IN KENYA The Public Procurement and Asset Disposal Act 2015 was passed by Parliament in 2015, with ...
OBJECTIVES OF PUBLIC SECTOR ACCOUNTING
Eric Adjei
Objectives of public sector accounting or goal and or purpose of public sector accounting is what we going to discuss in this topic, so if you are a student and want to know the main objectives of public sector then ...
CHARACTERISTICS OF PUBLIC ACCOUNTABILITY
Eric Adjei
Characteristics of public accountability, is the nex topic to consider in this guide but first let see the defination of accountabiliy before we consider the charateristics of public accountability. Public accountability is the obligation placed on public authorities to account ...
TYPES OF PUBLIC ACCOUNTABILITY IN PUBLIC SECTOR
Eric Adjei
Types of public accountability in public sector is our next topic to discuss in this article, aside important of accountability, there are five (5) types of accountability. namely Horizontal Accountability Vertical Accoutability Social Accountability Diagonal Accountability Financial Accountability Public Accountability ...
MENTION FOUR ADVANTAGES OF PUBLIC ACCOUNTABILITY
Eric AdjeiIn this article we will mention four (4) advantages of public accountability since public accountability had become issue and problems to deal with it, sometimes makes people ask aforemention question. Accountability in public sector is the obligation to provide answers ...