Nearly 75 Percent of OECD Countries Have Now Adopted Accrual Accounting Practices According to a New Study from IFAC and the OECD
March 24, 2017
March 24, 2017
NEW YORK, March 24 -- The International Federation of Accountants issued the following news release:
Nearly three-quarters of OECD countries have adopted accrual accounting for their year-end financial reports and more than a quarter now prepare their annual budgets on an accrual basis, according to the landmark study Accrual Practices and Reform Experiences in OECD Countries (https://www.ifac.org/publications-resources/accrual-practices-and-reform-experiences-oecd-countries) by t . . .
Nearly three-quarters of OECD countries have adopted accrual accounting for their year-end financial reports and more than a quarter now prepare their annual budgets on an accrual basis, according to the landmark study Accrual Practices and Reform Experiences in OECD Countries (https://www.ifac.org/publications-resources/accrual-practices-and-reform-experiences-oecd-countries) by t . . .