document e. Treasury Circulars - new rules f. Government Accounting Standard (PPK) - standard & basis g. International Public Sector Accounting Standard (IPSAS’s) - standard by IFAC for global 2. Non-financial procedure Financial Provisions of the Federal Constitution (Art 96 to 112) 1. Objectives a. Establish general framework for control of public expenditure b. Provide good financial management systems c. Govern methods of public funds to be administered & accounted d. Define borrowings
Premium Federal government of the United States Tax Finance
capital are RM 189‚278‚871 and RM 120‚434‚000. It shows that PKNK is better than SADA in the aspect of operating liquidity even though both show positive working capital. Besides‚ a high inventory turnover ratio of PKNK is a signal of company’s management efficiency. Furthermore‚ for total assets turnover‚ it shows
Premium Financial ratios Financial ratio
present age‚ accounting seems to be an indispensable tool for modern business activities. However‚ not only for the profit orientated commercial business‚ it also plays an important role in the non-profit profit organizations‚ such as public sectors. Moreover‚ due to several deficiencies and drawbacks of government accounting and financial-management systems‚ such as unclear accountability‚ poorly maintained assets and hided losses and long-term liabilities‚ reforms in the public sector have been conducted
Premium Government Public sector Case study
PRIVATE SECTOR VS PUBLIC SECTOR ACCOUNTING STANDARD 1. INTRODUCTION The global financial crisis has demonstrated that the public sector as well as the private sector needs the highest quality accounting standards. Around the world‚ accounting in the public sector is practiced in diverse ways and struggles to achieve comparable standard in accountability and transparency. The Securities Act of 1933 gave the commission the authority to prescribe accounting standards to be followed by the companies
Premium International Financial Reporting Standards Public sector Certified Public Accountant
HIV/AIDS – An International Concern November 16th 2009 Abbreviations and acronyms AIDS : Acquired Immunodeficiency Syndrome ARV : Antiretroviral (drug) CDC : Centers for Disease Control G8 : Group of Eight GFATM : The Global Fund to Fight AIDS‚ Tuberculosis and Malaria HIV : Human Immunodeficiency Virus NGO : Nongovernmental Organization TERG : Technical Evaluation and Reference Group UN : United Nations UNAIDS : Joint United Nations Program on HIV and AIDS UNESCO : United
Premium HIV AIDS Tuberculosis
Public sector has an influence in tourism business. To begin with‚ it is essential to outline the main policy instruments used by governments in order to manage tourism. Youell (1998‚ pp 44-46) states‚ that: "public bodies influence tourism sector either directly‚ through ministry with responsibility for tourism and the NTO‚ which include: provision of infrastructure‚ information services and creation of tourist attractions and facilities. Or‚ indirectly‚ through foreign policies and legal controls
Premium Tourism
AN APPRAISAL OF ACCOUNTING SYSTEM IN THE PUBLIC SECTOR (A CASE STUDY OF BOARD OF INTERNAL REVENUE ENUGU STATE) BY EMEODI FERDINAND .C. ACC/2006/241 DEPARTMENT OF ACCOUNTNACY FACULTY OF MANAGEMENT AND SOCIAL SCIENCE CARITAS UNIVERSITY AMORJI NIKE ENUGU STATE JULY‚ 2010. An Appraisal of Accounting System In the public Sector (A case study of board of Internal Revenue Enugu State) By Nnamani Ugochukwu J.c. Acc/2006/241 Department
Premium Generally Accepted Accounting Principles Government Tax
AN APPRAISAL OF ACCOUNTING SYSTEM IN THE PUBLIC SECTOR CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY History has it that the concept of accountability of public funds dates backs to the history of ancient Greece. As old as theory is‚ it would not be erroneous to say that the idea has been equally lost to antiquity although not much is known about it‚ this makes the subject‚ government accounting to remain a myth. Accounting in the public sector has received such a wide attention from
Premium Generally Accepted Accounting Principles Government Balance sheet
the Public Sector INTRODUCTION ……………………………………………………………………... LITERATURE REVIEW ………………………………………………………………. TRADITIONAL IR SYSTEM INCLUDING DISCUSSION OF THE TRADITIONAL PUBLIC SECTOR MODEL ………………………………………… ANALYSIS AND FINDINGS …………………………………………………………. RECOMMENDATIONS ………………………………………………………………. CONCLUSION …………………………………………………………………………. INTRODUCTION Industrial relations is concerned with the relationship between management and workers and the role of the
Premium Trade union
INTRODUCTION TO PUBLIC SECTOR ACCOUNTING Public Sector Accounting is related to government and different from private sector accounting. Accounting and financial reporting for public sector are based on distinctive concepts‚ standards‚ and procedure designed to accommodate their environment. This also based on the needs of their accounting information users. Derbyshire (1987) defined a public sector as a device for regulating human activities so that men and women can live together in reasonable
Premium Government Public sector Resource allocation