Implementing the accrual basis - a step-by-step approach

Oberholster, J.G.I. (Johan Gerhardus Ignatius), 1962-

dc.contributor.author	Oberholster, J.G.I. (Johan Gerhardus Ignatius), 1962-
dc.date.accessioned	2010-11-04T11:01:58Z
dc.date.available	2010-11-04T11:01:58Z
dc.date.issued	2001
dc.description.abstract	In section 40(1)b of the Public Finance Management Act, No. 1 of 1999 (as amended), accounting officers of departments, trading entities or constitutional institutions are required to prepare financial statements for each financial year in accordance with generally recognised accounting practice (GRAP). In terms of section 87 of the Act, an Accounting Standards Board (ASB) should be established in South Africa which, in terms of section 89(1), should set GRAP standards. In setting GRAP standards, the ASB should in terms of section 89(2)a follow both local and international best accounting practice. From recent literature it would appear that international best practice in the public sector is the accrual basis of accounting and pronouncements by authoritative bodies support this trends.	en
dc.identifier.citation	Oberholster, JGI 2001, 'Implementing the accrual basis - a step-by-step approach', Auditing SA, pp. 10-13. [http://www.saiga.co.za/publications-auditingsa.htm]	en
dc.identifier.issn	1028-9003
dc.identifier.uri	http://hdl.handle.net/2263/15157
dc.language.iso	en	en_US
dc.publisher	Southern African Institute of Government Auditors	en_US
dc.rights	Southern African Institute of Government Auditors	en_US
dc.subject	Generally Recognised Accounting Practice (GRAP)	en
dc.subject	GRAP standards	en
dc.subject.lcsh	Accounting -- Standards -- South Africa	en
dc.subject.lcsh	Accrual basis accounting -- South Africa	en
dc.subject.lcsh	Financial statements -- South Africa	en
dc.title	Implementing the accrual basis - a step-by-step approach	en
dc.type	Article	en