5 December 2005
Delivering the benefits of accruals accounting for the whole public sector
Delivering the benefits of accruals accounting for the whole public sector describes how the Whole of Government Accounts (WGA) programme is completing the introduction of accruals accounting across all public sector bodies. The report also explains how this programme supports delivery of the Government’s priorities for improving financial management across the public sector and managing the public finances within the fiscal framework:
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higher quality and more timely financial reporting has contributed to improved financial management;
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improved consistency across the public sector allows WGA data to be used in support of the Office for National Statistics’ ongoing work to improve the quality of the national accounts, the economic statistics which are used to control delivery of the fiscal rules.
The report summarises how the WGA programme builds on the developments in public sector accounting and outlines the benefits that are already being realised. It also outlines the Government’s strategy for publication of GAAP-based information in future years.
'Delivering the benefits of accruals accounting for the whole public sector' is available below in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.