Discuss and illustrate out the term financial reporting?
Discuss and illustrate out five (5) characteristics of government which affect the nature of information reported?
Discuss and illustrate out how financial reporting illustrates the accountability of government for the financial affairs and resources entrusted to it?
Recognize and briefly illustrate out four qualitative characteristics of financial information.
Recognize four (4) principal users of government financial report and their needs.
Briefly illustrate out what accrual accounting is.
State all four reasons for increasing trends of using accrual accounting in government reporting worldwide.
Illustrate out how accrual accounting diverges from cash accounting.