https://www.taxtmi.com/news?id=837 Migration to accrual accounting for central and state government financial reporting is proposed through phased pilot implementations leading to national rollout. Reporting will use a common set of financial statements-Balance Sheet, Statement of Financial Performance and Cash Flow Statement-prepared under Indian Government Financial Reporting Standards harmonised with International Public Sector Accounting Standards to improve presentation of government financial position and performance. en-us Wed, 06 May 2009 15:38:54 +0530 Wed, 06 May 2009 15:38:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=837 Migration to accrual accounting for central and state government financial reporting is proposed through phased pilot implementations leading to national rollout. Reporting will use a common set of financial statements-Balance Sheet, Statement of Financial Performance and Cash Flow Statement-prepared under Indian Government Financial Reporting Standards harmonised with International Public Sector Accounting Standards to improve presentation of government financial position and performance. News - Wed, 06 May 2009 15:38:54 +0530 https://www.taxtmi.com/news?id=837