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Importance of Financial Accounting of Government Affairs in World and More Specifically in Africa - Research Paper Example
Finance & Accounting
Pages 20 (5020 words)
Table of Contents 1.0 INTRODUCTION 2 1.1 Introduction to Government Accounting: 2 1.2 Purpose of Government Accounting: 2 1.3 Government Accounting in African Countries: 4 1.4 Aim and Objective of the Research: 5 1.5 Research Questions: 5 2.0 LITERATURE REVIEW 7 2.1 Overview of the African Countries’ Conditions: 7 1.2 Importance of Financial Accounting of Government Affairs in World and More Specifically in Africa: 8 1.3 Position of Accounting and Financial Disclosures of African Countries: 9 1.4 Government Accounting Problems in Africa: 12 1.5 Government Accounting Practices in Africa: 13 1.6 References from other Countries: 18 1.7 Reforms Needed: 20 3.0 RESEARCH METHODOLOGY: 22 Works Cite…
Government accounting is the process that encompasses recording, analysis, classification, summary, communication, and interpretation of financial information about government conduct in financial domain in aggregate. It is detailed reflection of transactions and other economic events involving the receipt, payments, spending, transfer, usability and disposition of assets and liabilities (International Federation of Accountants, 2000). 1.2 Purpose of Government Accounting: Government disclosure in accounting provides citizen evidence and reasoning for the raising of funds from public and donors and domains where the said amount is made useful with its cost and benefits information also exportable from such statements. ...
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