https://www.taxtmi.com/news?id=1931 Introduction of accrual accounting requires a structured, incremental reform driven by an operational framework and roadmap prepared by GASAB. Implementation should address asset and liability recognition, pension liability measurement, and unrecorded goods and services, while prioritising transparency and decision useful information. Preparatory steps include issuing guideline notes, capacity building for administrative and accounting staff, maintaining detailed asset registers, and adopting a phased approach sensitive to local government capacities. A robust, interoperable IT backbone is essential for capturing accrual based data and enabling compatible systems across Central and State departments. en-us Tue, 21 Jun 2011 17:27:50 +0530 Tue, 21 Jun 2011 17:27:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1931 Introduction of accrual accounting requires a structured, incremental reform driven by an operational framework and roadmap prepared by GASAB. Implementation should address asset and liability recognition, pension liability measurement, and unrecorded goods and services, while prioritising transparency and decision useful information. Preparatory steps include issuing guideline notes, capacity building for administrative and accounting staff, maintaining detailed asset registers, and adopting a phased approach sensitive to local government capacities. A robust, interoperable IT backbone is essential for capturing accrual based data and enabling compatible systems across Central and State departments. News - Tue, 21 Jun 2011 17:27:50 +0530 https://www.taxtmi.com/news?id=1931