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No. 5 - RESOURCE ACCOUNTING: Framework of Accounting Standard Setting in the UK Central Government Sector

| Surveys & Reports

This paper considers the experiences of the United Kingdom, which decided to move to an accrual basis for both budgeting and financial reporting in 1995. It highlights some of the key arguments influencing the decision to adopt an accrual system, not just for financial reporting, but also for budgeting.

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