How can accounting help governments take the right financial decisions?
Complete and reliable annual accounts can improve financial decision and policy making for sound government finances.
Many Member States have already embraced accrual accounting but the discussion on its potential contribution to improving transparency and accountability is still ongoing.
This paper aims at highlighting some of the key benefits of adopting accrual accounting and its contribution to governments’ financial decision-making process.
FEE Briefing Paper – Accrual accounting: a key step toward better public finances