Report on Pilot Study on Migration to Accrual Accounting : Forest and Health Departments of State Government of Madhya Pradesh (India)

The objective of this study is to identify gaps between the existing cash based accounting system and the accrual based accounting system to assist Government Accounting Standards Advisory Board (GASAB) to address issues related to Property, Plant...

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Main Author:	World Bank
Format:	Accounting and Auditing Assessment (ROSC)
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	ABUSES ACCOUNTANT ACCOUNTING PRINCIPLES ACCOUNTING STANDARD ACCRUAL ACCOUNTING ACTUARIES AGRICULTURE ARREARS AUCTION AUCTIONS AUDITOR AUDITORS BALANCE SHEET BID BIDS BUDGET CONTROL CAPACITY BUILDING CAPACITY ENHANCEMENT CAPITALIZATION CASH FLOW CASH PAYMENT CLAIM DECISION MAKING DISBURSEMENT DISBURSEMENTS ECONOMIC BENEFITS EMPLOYEE BENEFITS ENFORCEABILITY EQUIPMENT EQUIPMENTS EXPENDITURE FAIR MARKET VALUE FAIR VALUE FINANCIAL ASSETS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL POSITION FINANCIAL REPORTING FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL TRANSACTIONS FIXED ASSETS FORFEITURES GOVERNMENT ACCOUNT GOVERNMENT ACCOUNTING FRAMEWORK GOVERNMENT ACCOUNTING STANDARDS GOVERNMENT ACCOUNTS HOLDING INCOME INTERNAL AUDIT INVENTORIES INVENTORY JUDGMENT LIABILITY LOCAL GOVERNMENTS MANAGEMENT OF ASSETS MARKET PRICE MONETARY FUND NATURAL RESOURCES ORGANIZATIONAL STRUCTURE OUTSTANDING LOAN PENSION PENSION PLANS PHYSICAL ASSETS RECEIVABLE RECEIVABLES RECORD KEEPING RETIREMENT SALARIES SALARY STATE GOVERNMENT STATE GOVERNMENTS SUPPLIERS TECHNICAL ASSISTANCE TITLE TRANSACTION TREASURY TREASURY BILL TRIAL VALUATION VALUATION OF ASSETS WAGES
Online Access:	http://documents.worldbank.org/curated/en/2010/05/16270673/report-pilot-study-migration-accrual-accounting-forest-health-departments-state-government-madhya-pradesh-india http://hdl.handle.net/10986/12453

id	okr-10986-12453
recordtype	oai_dc
spelling	okr-10986-124532021-04-23T14:03:01Z Report on Pilot Study on Migration to Accrual Accounting : Forest and Health Departments of State Government of Madhya Pradesh (India) World Bank ABUSES ACCOUNTANT ACCOUNTING PRINCIPLES ACCOUNTING STANDARD ACCRUAL ACCOUNTING ACTUARIES AGRICULTURE ARREARS AUCTION AUCTIONS AUDITOR AUDITORS BALANCE SHEET BID BIDS BUDGET CONTROL CAPACITY BUILDING CAPACITY ENHANCEMENT CAPITALIZATION CASH FLOW CASH PAYMENT CLAIM DECISION MAKING DISBURSEMENT DISBURSEMENTS ECONOMIC BENEFITS EMPLOYEE BENEFITS ENFORCEABILITY EQUIPMENT EQUIPMENTS EXPENDITURE FAIR MARKET VALUE FAIR VALUE FINANCIAL ASSETS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL POSITION FINANCIAL REPORTING FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL TRANSACTIONS FIXED ASSETS FORFEITURES GOVERNMENT ACCOUNT GOVERNMENT ACCOUNTING FRAMEWORK GOVERNMENT ACCOUNTING STANDARDS GOVERNMENT ACCOUNTS HOLDING INCOME INTERNAL AUDIT INVENTORIES INVENTORY JUDGMENT LIABILITY LOCAL GOVERNMENTS MANAGEMENT OF ASSETS MARKET PRICE MONETARY FUND NATURAL RESOURCES ORGANIZATIONAL STRUCTURE OUTSTANDING LOAN PENSION PENSION PLANS PHYSICAL ASSETS RECEIVABLE RECEIVABLES RECORD KEEPING RETIREMENT SALARIES SALARY STATE GOVERNMENT STATE GOVERNMENTS SUPPLIERS TECHNICAL ASSISTANCE TITLE TRANSACTION TREASURY TREASURY BILL TRIAL VALUATION VALUATION OF ASSETS WAGES The objective of this study is to identify gaps between the existing cash based accounting system and the accrual based accounting system to assist Government Accounting Standards Advisory Board (GASAB) to address issues related to Property, Plant and Equipment (PPE) and inventories during actual migration to accrual accounting. This study also includes documentation of operational and implementation issues and suggested solutions to latent problems and road blocks if any so as to provide necessary inputs to GASAB for framing appropriate. Guidelines for migration of Government accounts from cash basis to accrual accounting system. The study is noteworthy that not only statement of financial position for the reporting entity has been prepared but it also discloses physical assets and current liabilities. Maintenance of proper records of various classes of assets (constructed, acquired or donated), inventories, receivables and carry over as prescribed in the financial rules and departmental regulations is a starting point for transition to accrual accounting. 2013-02-21T22:29:35Z 2013-02-21T22:29:35Z 2010-05 http://documents.worldbank.org/curated/en/2010/05/16270673/report-pilot-study-migration-accrual-accounting-forest-health-departments-state-government-madhya-pradesh-india http://hdl.handle.net/10986/12453 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Accounting and Auditing Assessment (ROSC) Economic & Sector Work South Asia India
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ABUSES ACCOUNTANT ACCOUNTING PRINCIPLES ACCOUNTING STANDARD ACCRUAL ACCOUNTING ACTUARIES AGRICULTURE ARREARS AUCTION AUCTIONS AUDITOR AUDITORS BALANCE SHEET BID BIDS BUDGET CONTROL CAPACITY BUILDING CAPACITY ENHANCEMENT CAPITALIZATION CASH FLOW CASH PAYMENT CLAIM DECISION MAKING DISBURSEMENT DISBURSEMENTS ECONOMIC BENEFITS EMPLOYEE BENEFITS ENFORCEABILITY EQUIPMENT EQUIPMENTS EXPENDITURE FAIR MARKET VALUE FAIR VALUE FINANCIAL ASSETS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL POSITION FINANCIAL REPORTING FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL TRANSACTIONS FIXED ASSETS FORFEITURES GOVERNMENT ACCOUNT GOVERNMENT ACCOUNTING FRAMEWORK GOVERNMENT ACCOUNTING STANDARDS GOVERNMENT ACCOUNTS HOLDING INCOME INTERNAL AUDIT INVENTORIES INVENTORY JUDGMENT LIABILITY LOCAL GOVERNMENTS MANAGEMENT OF ASSETS MARKET PRICE MONETARY FUND NATURAL RESOURCES ORGANIZATIONAL STRUCTURE OUTSTANDING LOAN PENSION PENSION PLANS PHYSICAL ASSETS RECEIVABLE RECEIVABLES RECORD KEEPING RETIREMENT SALARIES SALARY STATE GOVERNMENT STATE GOVERNMENTS SUPPLIERS TECHNICAL ASSISTANCE TITLE TRANSACTION TREASURY TREASURY BILL TRIAL VALUATION VALUATION OF ASSETS WAGES
spellingShingle	ABUSES ACCOUNTANT ACCOUNTING PRINCIPLES ACCOUNTING STANDARD ACCRUAL ACCOUNTING ACTUARIES AGRICULTURE ARREARS AUCTION AUCTIONS AUDITOR AUDITORS BALANCE SHEET BID BIDS BUDGET CONTROL CAPACITY BUILDING CAPACITY ENHANCEMENT CAPITALIZATION CASH FLOW CASH PAYMENT CLAIM DECISION MAKING DISBURSEMENT DISBURSEMENTS ECONOMIC BENEFITS EMPLOYEE BENEFITS ENFORCEABILITY EQUIPMENT EQUIPMENTS EXPENDITURE FAIR MARKET VALUE FAIR VALUE FINANCIAL ASSETS FINANCIAL MANAGEMENT FINANCIAL PERFORMANCE FINANCIAL POSITION FINANCIAL REPORTING FINANCIAL STATEMENT FINANCIAL STATEMENTS FINANCIAL TRANSACTIONS FIXED ASSETS FORFEITURES GOVERNMENT ACCOUNT GOVERNMENT ACCOUNTING FRAMEWORK GOVERNMENT ACCOUNTING STANDARDS GOVERNMENT ACCOUNTS HOLDING INCOME INTERNAL AUDIT INVENTORIES INVENTORY JUDGMENT LIABILITY LOCAL GOVERNMENTS MANAGEMENT OF ASSETS MARKET PRICE MONETARY FUND NATURAL RESOURCES ORGANIZATIONAL STRUCTURE OUTSTANDING LOAN PENSION PENSION PLANS PHYSICAL ASSETS RECEIVABLE RECEIVABLES RECORD KEEPING RETIREMENT SALARIES SALARY STATE GOVERNMENT STATE GOVERNMENTS SUPPLIERS TECHNICAL ASSISTANCE TITLE TRANSACTION TREASURY TREASURY BILL TRIAL VALUATION VALUATION OF ASSETS WAGES World Bank Report on Pilot Study on Migration to Accrual Accounting : Forest and Health Departments of State Government of Madhya Pradesh (India)
geographic_facet	South Asia India
description	The objective of this study is to identify gaps between the existing cash based accounting system and the accrual based accounting system to assist Government Accounting Standards Advisory Board (GASAB) to address issues related to Property, Plant and Equipment (PPE) and inventories during actual migration to accrual accounting. This study also includes documentation of operational and implementation issues and suggested solutions to latent problems and road blocks if any so as to provide necessary inputs to GASAB for framing appropriate. Guidelines for migration of Government accounts from cash basis to accrual accounting system. The study is noteworthy that not only statement of financial position for the reporting entity has been prepared but it also discloses physical assets and current liabilities. Maintenance of proper records of various classes of assets (constructed, acquired or donated), inventories, receivables and carry over as prescribed in the financial rules and departmental regulations is a starting point for transition to accrual accounting.
format	Economic & Sector Work :: Accounting and Auditing Assessment (ROSC)
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Report on Pilot Study on Migration to Accrual Accounting : Forest and Health Departments of State Government of Madhya Pradesh (India)
title_short	Report on Pilot Study on Migration to Accrual Accounting : Forest and Health Departments of State Government of Madhya Pradesh (India)
title_full	Report on Pilot Study on Migration to Accrual Accounting : Forest and Health Departments of State Government of Madhya Pradesh (India)
title_fullStr	Report on Pilot Study on Migration to Accrual Accounting : Forest and Health Departments of State Government of Madhya Pradesh (India)
title_full_unstemmed	Report on Pilot Study on Migration to Accrual Accounting : Forest and Health Departments of State Government of Madhya Pradesh (India)
title_sort	report on pilot study on migration to accrual accounting : forest and health departments of state government of madhya pradesh (india)
publisher	Washington, DC
publishDate	2013
url	http://documents.worldbank.org/curated/en/2010/05/16270673/report-pilot-study-migration-accrual-accounting-forest-health-departments-state-government-madhya-pradesh-india http://hdl.handle.net/10986/12453
_version_	1764419872075284480

Report on Pilot Study on Migration to Accrual Accounting : Forest and Health Departments of State Government of Madhya Pradesh (India)

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