Mauritius: Technical Assistance Report-Towards Accrual Accounting and the Adoption of International Standards

October 27, 2017

Preview Citation

Format: Chicago

Mauritius: Technical Assistance Report-Towards Accrual Accounting and the Adoption of International Standards, (USA: International Monetary Fund, 2017) accessed November 12, 2024

Summary

This Technical Assistance Report discusses the technical advice and recommendations of the IMF mission to the authorities of Mauritius regarding implementation of an accrual accounting framework and the adoption of international standards. It is recommended that the International Public Sector Accounting Standards be applied by all public sector entities unless the primary objective of the entity is return on investor equity. This will simplify the framework and the implementation effort and will lead to efficiencies in the preparation of consolidated financial statements. Moreover, the accrual financial statements should be compared and reconciled with budget and budgetary reports.

Subject: Accounting standards, Accrual accounting, Budget planning and preparation, Financial statements, Fiscal accounting and reporting, Public financial management (PFM)

Keywords: Accounting standards, Accrual accounting, Accrual basis, Accrual IPSAS, BCG statement, Budget planning and preparation, Cash basis, Cash flow, CR, Double entry, Financial statements, Financial statements present, Fiscal accounting and reporting, IPSAS financial statements, ISCR, Policy development

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/326
Stock No:

1MUSEA2017001
ISBN:

9781484325285
ISSN:

1934-7685

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