IMF Working Papers

The Case for Accrual Recording in the IMF's Government Finance Statistics System

By Don Efford

July 1, 1996

Preview Citation

Format: Chicago

Don Efford. The Case for Accrual Recording in the IMF's Government Finance Statistics System, (USA: International Monetary Fund, 1996) accessed November 25, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

This paper investigates whether the planned revision of the IMF’s A Manual on Government Finance Statistics should advocate an accrual basis of recording over the essentially cash basis of recording in the previous manual. The paper concludes that the revised manual should advocate an accrual basis in order to address deficiencies of the existing modified cash basis and enable a greater degree of harmonization with other macroeconomic statistical systems. The paper suggests a strategy that would enable countries to move progressively to compiling an extensive range of accrual information reconciling data on economic and financial flows and stocks.

Subject: Accrual accounting, Currencies, Economic and financial statistics, Financial statements, Government finance statistics, Money, National accounts, Public financial management (PFM)

Keywords: Accrual accounting, Accrual data, Accrual system, Cash information, Cash payment, Cash system, Currencies, Due-for-payment base, Economic value, Financial statements, GFS compiler, GFS manual, GFS Manual, GFS system, Government finance statistics, Middle East, Recording basis, Term transaction, Western Hemisphere, WP

Publication Details

  • Pages:

    36

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 1996/073

  • Stock No:

    WPIEA0731996

  • ISBN:

    9781451849417

  • ISSN:

    1018-5941

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