Guidance provided to government accountants.

 
FREE EXCERPT

In September IFAC issued a study intended to help government financial aid officers and accountants develop and implement cost accounting in a government environment.

Perspectives on Cost Accounting for Governments describes the extent of government uses of, and the impact of accounting standards on values used in, cost accounting and explains how cost concepts can be employed to achieve management objectives.

While in the past cost accounting was viewed as a simple mechanical process for which the accountant was wholly responsible, today it is considered a useful tool for providing information to senior managers...

To continue reading

FREE SIGN UP