Feasibility study on the adoption of accrual based IPSAS and its effect on government financial reporting: a case of Attorney General’s Office
The research was a feasibility study on the adoption of accrual based IPSAS and its effect on government financial reporting: A case of Attorney General‘s Office. In coming up with this paper, this researcher complied related literature from various scholars and also formulated research objectives w...
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| Language: | English |
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Midlands State University
2017
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| Online Access: | http://hdl.handle.net/11408/2670 |
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| author | Mutusva, Sidney |
| author_facet | Mutusva, Sidney |
| author_sort | Mutusva, Sidney |
| collection | DSpace |
| description | The research was a feasibility study on the adoption of accrual based IPSAS and its effect on government financial reporting: A case of Attorney General‘s Office. In coming up with this paper, this researcher complied related literature from various scholars and also formulated research objectives which guided this researcher. The researcher focused on the technical staff of the Attorney General ‘Office who are the accounting and finance department personnel. The researcher compiled data using questionnaires and interviewed management. Secondary data was obtained from organizational documents and other related publications. Data obtained thereof was presented using tables, bar graphs and pie charts. The main findings of the study was that current cash based IPSAS being implemented have the weaknesses that include , inconsistence in presentation and disclosure, lack of transparency and accountability, failure to match revenues and expenditures as per the accrual concept. Thus the framework merely presents a receipts and payment summary, without a full set of the requisite financial statements, which include the statement of Comprehensive Income, Statement of Financial Position, the statement of cash flows and the notes to the financial statements. The recommendations are that there should be a stepped transition from cash based IPSAS accounting, through the modified IPSAS until we adopt and implement the accrual based IPSAS |
| id | ir-11408-2670 |
| institution | My University |
| language | English |
| publishDate | 2017 |
| publisher | Midlands State University |
| record_format | dspace |
| spelling | ir-11408-26702022-06-27T13:49:04Z Feasibility study on the adoption of accrual based IPSAS and its effect on government financial reporting: a case of Attorney General’s Office Mutusva, Sidney Cash based IPSAS Accrual based IPSAS The research was a feasibility study on the adoption of accrual based IPSAS and its effect on government financial reporting: A case of Attorney General‘s Office. In coming up with this paper, this researcher complied related literature from various scholars and also formulated research objectives which guided this researcher. The researcher focused on the technical staff of the Attorney General ‘Office who are the accounting and finance department personnel. The researcher compiled data using questionnaires and interviewed management. Secondary data was obtained from organizational documents and other related publications. Data obtained thereof was presented using tables, bar graphs and pie charts. The main findings of the study was that current cash based IPSAS being implemented have the weaknesses that include , inconsistence in presentation and disclosure, lack of transparency and accountability, failure to match revenues and expenditures as per the accrual concept. Thus the framework merely presents a receipts and payment summary, without a full set of the requisite financial statements, which include the statement of Comprehensive Income, Statement of Financial Position, the statement of cash flows and the notes to the financial statements. The recommendations are that there should be a stepped transition from cash based IPSAS accounting, through the modified IPSAS until we adopt and implement the accrual based IPSAS 2017-07-19T14:36:07Z 2017-07-19T14:36:07Z 2014 http://hdl.handle.net/11408/2670 en open Midlands State University |
| spellingShingle | Cash based IPSAS Accrual based IPSAS Mutusva, Sidney Feasibility study on the adoption of accrual based IPSAS and its effect on government financial reporting: a case of Attorney General’s Office |
| title | Feasibility study on the adoption of accrual based IPSAS and its effect on government financial reporting: a case of Attorney General’s Office |
| title_full | Feasibility study on the adoption of accrual based IPSAS and its effect on government financial reporting: a case of Attorney General’s Office |
| title_fullStr | Feasibility study on the adoption of accrual based IPSAS and its effect on government financial reporting: a case of Attorney General’s Office |
| title_full_unstemmed | Feasibility study on the adoption of accrual based IPSAS and its effect on government financial reporting: a case of Attorney General’s Office |
| title_short | Feasibility study on the adoption of accrual based IPSAS and its effect on government financial reporting: a case of Attorney General’s Office |
| title_sort | feasibility study on the adoption of accrual based ipsas and its effect on government financial reporting: a case of attorney general’s office |
| topic | Cash based IPSAS Accrual based IPSAS |
| url | http://hdl.handle.net/11408/2670 |
| work_keys_str_mv | AT mutusvasidney feasibilitystudyontheadoptionofaccrualbasedipsasanditseffectongovernmentfinancialreportingacaseofattorneygeneralsoffice |