PUBLIC SECTOR ACCOUNTING

ACC 558
 OUTLINE
• UNIT 1: INTRODUCTION
• UNIT 2: LEGAL BASIS OF PUBLIC SECTOR ACCOUNTING
• UNIT 3: CONSOLIDATED FUND FINANCIAL STATEMENTS

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 UNIT 1: INTRODUCTION
• Definition of Public Sector
• Characteristics of Public Sector Organizations
• Forms of Public Organization
• Definition of Public Sector Accounting
• Objectives of Public Sector Accounting and Financial Reporting
• Reasons for the Existence of the Public Sector
• Users of Public Sector Information
• Differences between Private Sector and Public Sector Accounting
• Sources of Revenue of Public Sector
• Accounting Concepts, Policies, Standards and Bases

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 UNIT 2: LEGAL BASIS OF PUBLIC SECTOR ACCOUNTING

• Key Financial Management Provisions in the 1992 Constitution-

Chapter 13, Articles 174 to 189 entitled ‘Finance’
• Public Financial Management Act, 2016 (Act 921)/Interpretation
Section 102
• Public Financial Management Regulations, 2019 (L.I
2378)/Interpretation Section 235
• Regulatory Authorities

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 UNIT 3: CONSOLIDATED FUND FINANCIAL STATEMENTS

• Preparation of Financial Statements of the Consolidated Fund

• Analysis and Interpretations of Financial Statements

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 THANK YOU
EDWARD YEBOAH
Email: eddie.yeboah401@gmail.com
Mobile Numbers: 0244271879/0204353792