REFORMS IN GOVERNMENT ACCOUNTING
Government accounting can be said as collecting of information, analysing, recording and interpreting of information which helps in knowing the value of assets and liabilities of an economy in various events. It helps in timely action and reliability, which are subject to financial controls. Reforms on the other hand, help in correcting the mistakes or mending the given set of data which are being already stated. As a whole, reforms in government accounting help to take decision on the financial statements and correcting the mistakes. This paper gives a light on the reforms in government accounting and it highlights the needs, benefits and the usage of this method in developing countries. This has helped the countries to help in correcting its mistakes by using a standard accounting procedure and maintaining same state of line in all parts of the place.
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