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Embracing Accrual Accounting in Public Administration: A Strategic Shift for Developing Countries
October 27, 2024by Dr Dawkins Brown
In recent years, there has been a growing interest among governments, particularly in developing nations, to adopt accrual-based accounting methods that are widely used in the private sector. Unlike the traditional cash-based system, accrual accounting records financial transactions when they are earned or incurred, not when cash changes hands. This shift promotes a deeper understanding...
