Accrual accounting, and in particular IPSAS, will enhance accountability, credibility and transparency, apart from improving overall decision-making within the public service, thereby, strengthening public finance management and will have a positive impact on a country’s reputation with credit rating agencies
This conference provides an ongoing platform to serve as a means to raise awareness on what adoption and implementation of International Public Sector Accounting Standards (IPSAS) entails and to further promote IPSAS strategy across Government departments and Ministries, including the transition to accrual accounting and the implementation of a Corporate Financial management solution across Government. All this is geared toward improved efficiency in financial reporting in the public sector to improve financial reporting, to provide more clarity and to influence the scrutiny of monitoring financial performance on a regular basis to enhance decision-making to avert fiscal crises. As such, significant time has been set aside to discuss steps towards migration to new accounting model of IPSAS accrual accounting that will lead to greater transparency and accountability in accounting for government revenues, expenditures, assets and liabilities, which will translate towards ensuring informed decisions for effective public service delivery and influence public finance management.