Armed and ready

Article Abstract:

The necessity to equip defence forces with financial management skills is highlighted. Though it seems irrelevant, such skills will help them understand the budgetary allocations and implications, apart from helping them consider other aspects of their decisions. In this light, Schon Condon CPA is teaching military officials the fundamentals of financial management. Condon is a partner in a CPA firm. He is also the chairman of public practice in CPA Australia.

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Depreciation danger

Article Abstract:

Depreciation accounting of public sector assets like infrastructure has raised a debate amongst CPA's. The issues involved in recording depreciation swing from equity to growth. Suggestions are offered to ensure that CPAs record depreciation without macroeconomic and fiscal considerations that the politicians and the treasury economist propound.

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Public pressure cooker

Article Abstract:

The implications of the applicability of International Financial Reporting Standards and other reforms and environmental changes on public sector in Australia are discussed. The change in the roles of members of CPA Australia employed in public sector is also discussed.

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