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Public sector accounting

This topic has 1 reply, 2 voices, and was last updated 8 years ago by MikeLittle.

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February 24, 2016 at 5:35 pm #301873
yushanshan
Member
- Topics: 84
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Hi sir,
The topic is” Which is the main concept which leads to be introduced into public sector accounting ?
A materiality B accruals C relevance D faithful representation”
The solution is B accruals
I am confused about it, and I just wonder the reason why we do not choose D faithful representation.
Thanks in advance.
February 25, 2016 at 7:37 am #301956
MikeLittle
Keymaster
- Topics: 27
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I believe that you can attain more faithful representation by following the accruals concept
Put another way, you cannot have faithful representation by not following the accruals concept
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