المساعد الشخصي الرقمي

مشاهدة النسخة كاملة : Financial Reporting by National Governments



محاسب متخصص
08-11-2014, 07:11 AM
Financial Reporting by National Governments
Issued March 1991
The scope of the Study is to consider:
 Financial reporting by national governments and their major governmental
units;
 Financial reports that provide information on government plans, performance
and compliance with relevant authorities;
 Information needs of the principal users of government financial reports, with
primary emphasis on the needs of external users; and
 The forms of reporting best suited to meeting those information needs.
This Study is of particular interest to senior financial officers in government,
politicians, legislative auditors and others who use government financial reports
because it addresses the fundamental underpinnings of governmental financial
reporting.
Comparative summaries of users, user needs and objectives were prepared. They
illustrate that there is concurrence on who users are, what their needs are and,
accordingly, the objectives of financial reporting.
The Study develops a logical progression from users and user needs to the objectives
of government financial reporting. It provides further context for the discussion of
objectives by exploring the governmental environment and the limits of financial
reporting.
The Study then discusses financial reporting. Rather than recommending a single,
preferred financial reporting model, the Study describes the spectrum of possible
bases of accounting and different reporting models (types of reports). It then
illustrates their strengths and weaknesses in meeting the objectives of financial
reporting. The Study demonstrates that in moving from single displays of cash
receipts and disbursements to summary financial reports that account for total
economic resources, more of the objectives of financial reporting are met. Since
those objectives are derived from user needs, more complete and better information
will better meet those needs.