MFSI-II Project Studies German Experience of Accrual Accounting in the Public Sector
17 October 2014
On 15 and 16 October 2014, the MFSI-II Project took part in the seminar on Implementation of Accrual Basis of Accounting in the Public Sector organized by the Ministry of Finance of Ukraine under the Public Finance Reform Support Project with support from the German International Cooperation Society (GIZ).
The event was attended by the Ministry of Finance of Ukraine, Accounting Chamber, State Treasury Service, State Financial Inspectorate, State Fiscal Service, State Financial Monitoring Service, leading scholars, and representatives of non-governmental organizations.
The participants heard presentations delivered by German expert Stefan Schmidt on the advantages of implementing accrual basis accounting, principles of preparing financial accounts based on IPSAS International Accounting Standards, and had an opportunity to learn about practical aspects of applying the accrual method in Germany. Special focus was made on opportunities for using the accrual accounting data in public administration.
The covered issues are very topical and their implementation will make it possible to bring Ukraine closer to European accounting and reporting standards.
The event was attended by the Ministry of Finance of Ukraine, Accounting Chamber, State Treasury Service, State Financial Inspectorate, State Fiscal Service, State Financial Monitoring Service, leading scholars, and representatives of non-governmental organizations.
The participants heard presentations delivered by German expert Stefan Schmidt on the advantages of implementing accrual basis accounting, principles of preparing financial accounts based on IPSAS International Accounting Standards, and had an opportunity to learn about practical aspects of applying the accrual method in Germany. Special focus was made on opportunities for using the accrual accounting data in public administration.
The covered issues are very topical and their implementation will make it possible to bring Ukraine closer to European accounting and reporting standards.
Glyanec