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Public sector accounting: developing new standards

Article Abstract:

The Public Sector Committee of the International Federation of Accountants' objective is to implement a group of international financial reporting standards for the public sector in the year 2001. Four sets of standards will related to four accounting bases: cash basis, modified cash basis, modified accrual basis, and full accrual accounting. The standards are to be based on International Accounting Standard Committee guidelines.

International aspects, Accounting and auditing, Accounting, Cover Story, Public finance, Government accounting

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Enter the new age public sector CPA

Article Abstract:

Australian treasurer Eric Ripper, inaugural patron of CPA Australia's WA public sector committee, introduced a new treasurer's instruction (TI 824) that requires principal accounting officers to be suitably qualified people. The new instruction promotes membership of CPA Australia or an equivalent professional accounting organisation

Membership, Accountants, Instructions, Certified public accountants

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Meanwhile in the country

Article Abstract:

Farmers in Australia face a risk in rural and regional businesses due to extended periods without rain, which leads to water restrictions and drought. A huge amount of support is required from the financial institutions for farmers to get back on their feet.

Financial management, Services information, Services, Farmers, Company financing

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