Withdrawal of government specific standards
Article Abstract:
Accounting standards (AAS27 Financial Reporting by Local Governments, AAS 29 Financial Reporting by Government Departments, and AAS 31 Financial Reporting by Government) in line with those applicable to private sector are being implemented on government agencies in Australia. Implications of these standards are discussed. The issues related to these public sector standards are also examined.
Publication Name: In the Black
Subject: Banking, finance and accounting industries
ISSN: 1832-0899
Year: 2006
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Public sector is different
Article Abstract:
A review of the new accounting standards relating to public sector accounting is presented. An attempt is made by these standards to bring public sector accounting in Australia on par with private sector. However, there are some dissimilarities also. These differences that make public sector different from private sector are highlighted, and accounting issues arising there from are raised.
Publication Name: In the Black
Subject: Banking, finance and accounting industries
ISSN: 1832-0899
Year: 2006
User Contributions:
Comment about this article or add new information about this topic:
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