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Accrual Accounting?
Paul Boothe
Institute for Public Economics
University of Alberta
Outline
Motivation
Cash versus accrual accounting
Pros and cons of accrual
Accounting regimes and fiscal rules
Prerequisites for adoption
Checklist for policymakers
Accrual
Traditionally used in private sector
Expenses and revenues recorded
when they are incurred or earned
Institute for Public Economics
University of Alberta
Cash versus Accrual [2]
When transactions are recorded is
a key difference
Three examples
Purchase of a capital asset
Public sector pension liabilities
Corporate income tax arrears
“Perfection is
the enemy of
the good…”
Voltaire