Spectra Business Intelligence Limited

Tag: IPSAS TRANSITION MANAGEMENT

  • The Challenge of Transitioning from Cash-Based Accounting to Accrual IPSAS (Part 2)

    The Challenge of Transitioning from Cash-Based Accounting to Accrual IPSAS (Part 2)

    Successful implementation of the transition from cash-based accounting to an accrual-based accounting system requires a change in methods and procedures. The accounting manual and procedures must be redesigned based on the bookkeeping workflow of accrual accounting.

  • IPSAS Transition Management: The First-Time Adoption Requirements

    IPSAS Transition Management: The First-Time Adoption Requirements

    First-time adoption is a standard procedure required for all entities adopting IPSAS or IFRS for the first time as the mandatory first step towards full IPSAS or IFRS adoption and compliance. The First-Time Adoption process constitutes an important part of IPSAS Transition Management. Even if a public sector entity is newly created, some rudimentary financial…