Explain in more detail below how does this difficulties face in accrual accounting .. explanation and examples One of the most challenging aspects is the Development of new system, 1GFMAS (1 Government Financial and Management Accounting System). Application of accounting standards in the government sector is more difficult than in the private sector which is comparatively less diversify and small in size. This same difficulty was faced by Malaysian government. Another difficulty was obtaining opening balance of the assets owned and controlled by the Federal Government.
Explain in more detail below how does this difficulties face in accrual accounting .. explanation and examples One of the most challenging aspects is the Development of new system, 1GFMAS (1 Government Financial and Management Accounting System). Application of accounting standards in the government sector is more difficult than in the private sector which is comparatively less diversify and small in size. This same difficulty was faced by Malaysian government. Another difficulty was obtaining opening balance of the assets owned and controlled by the Federal Government.
Chapter1: Financial Statements And Business Decisions
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Explain in more detail below how does this difficulties face in accrual accounting .. explanation and examples
One of the most challenging aspects is the Development of new system, 1GFMAS (1 Government
Application of accounting standards in the government sector is more difficult than in the private sector which is comparatively less diversify and small in size. This same difficulty was faced by Malaysian government.
Another difficulty was obtaining opening balance of the assets owned and controlled by the Federal Government.
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