24.12.2014 Views

Ahmed Ataul Hakim

Ahmed Ataul Hakim

Ahmed Ataul Hakim

SHOW MORE
SHOW LESS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

Public Sector Accounting : Standard<br />

Cash Basis of Accounting System is used<br />

Features of GoB accounting function :<br />

<br />

<br />

<br />

Consolidated Fund,<br />

Treasury Single Account<br />

Limit of financial authority provided by the Parliament<br />

through Annual Budget.<br />

Funds managed by a central entity & individual<br />

entities do not control the ‘cash’ they are authorized<br />

to spend.<br />

Complies with requirements of Cash Basis IPSAS by<br />

ensuring proper presentation, transparent financial<br />

reporting & enhanced comparability of general<br />

purpose financial statements.<br />

8

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!