neoaccounting

The In­ter­na­tional Public Sector Ac­count­ing Stand­ards Board (IPSASB) has made avail­able its 2017 Hand­book of In­ter­na­tional Public Sector Ac­count­ing Pro­nounce­ments. In two volumes, the Hand­book con­tains all IPSASB pro­nounce­ments pub­lished as of 31 January 2017, in­clud­ing the  Con­cep­tual Frame­work for General Purpose Fin­an­cial Re­port­ing by Public Sector En­tit­ies . It can be down­loaded free of charge in PDF format from the  IPSASB website . The IPSASB points out that the print edition is cur­rently in pro­duc­tion and will be avail­able for online or­der­ing soon.

Fiscal discipline, improved revenue generation, rational allocation and efficient use of resources must be imbibed every tier of Government in the country to return the economy to the path of sustainable growth and development. Other efforts needed to put the country on sustainable growth include the refocusing attention on quality investment in the real sectors of the economy namely agriculture, manufacturing, mines and steel, as well as the promotion of Micro, Small and Medium Enterprises as the critical contributors to the growth of our Gross Domestic Product (GDP).  Minister of Finance, Mrs. Kemi Adeosun stated this in a keynote address at a Retreat organized by the Federal Ministry of Finance in collaboration with the Federation Account Allocation Committee (FAAC) on the theme “Enhancing the Effectiveness of FAAC,” on Thursday in Uyo, Akwa Ibom State.  The Minister was represented at the event by the Permanent Secretary, Federal Ministry of Finance, Dr. Mah...