Concepts Of The Accounting Basis Of Government Accounting

Zdravkoski, Igor (2018) Concepts Of The Accounting Basis Of Government Accounting. In: IX. IBANESS Congress Series, September 29-30, 2018, Edirne / Turkey IX. IBANESS.

WarningThere is a more recent version of this item available.
Binder1 (1).pdf

Download (475kB) | Preview


The role of accounting and financial reporting are a key factor that determines many decisions that are taken on a daily or short term basis. Today, in complex and modern conditions of market and capital action we must not think without having certain financial indicators at all. There is special significance of the state financial reporting no matter of the method of calculation that is used. Here, I emphasize the importance of setting the goals that will determine the accounting basis and the future accounting policies of the state - government and governmental organizations. The provision of useful satisfying information is the main purpose determined by the accounting information system. Determining users of such information and the possibility of comparing financial statements is also an important goal. The selection of data shown in the balance sheets of financial and non-financial character becomes very important for government units that work for general purposes. Namely, the quality of government financial reporting is also reflected in the correctness of the decisions of the managers. As a matter of fact, based on the data and information in the financial statements, plans for the future development of the organization or unit are created. In fact, government financial reporting may use a cash basis for accounting and may be presented as a financial reporting on an accrual basis, or an accounting for an occurrence. The same bases are used both as a modified cash basis and a modified accrual basis. Acceptance of a modified cash basis is most often associated with additional disclosure. The application of a specific period is usually the reason for its use. While a modified accrual basis is most often associated with the acceptance or non-acceptance of certain types of assets or sources of funds. Keywords: state - government, financial reporting, basis for calculation.

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 17 Feb 2020 17:57
Last Modified: 17 Feb 2020 17:57

Available Versions of this Item

Actions (login required)

View Item View Item