03575nam 2200649 450 991046400250332120170817212625.01-4623-3259-51-4527-1982-91-282-84070-397866128407081-4518-6976-2(CKB)3170000000054986(EBL)1607668(SSID)ssj0000943963(PQKBManifestationID)11612506(PQKBTitleCode)TC0000943963(PQKBWorkID)10982722(PQKB)11182970(OCoLC)815737336(MiAaPQ)EBC1607668(EXLCZ)99317000000005498620140225h20082008 uy 0engur|n|---|||||txtccrAccounting challenges for semi-autonomous revenue agencies (SARAs) in developing countries /Seth E. Terkper[Washington, District of Columbia] :International Monetary Fund,2008.©20081 online resource (28 p.)IMF Working PapersIMF working paper ;WP/08/116Description based upon print version of record.1-4519-1430-X Includes bibliographical references.Contents; I. Introduction; II. Institutional and Regulatory Framework; A. Nature of Semi-Autonomy; B. Potential Benefits in Keeping Separate SARA Records; Boxes; 1 South African Revenue Service (SARS) Accounting Requirements; C. Regulatory Framework; D. Basic Tax and Treasury Accounting Systems; Table; 1. Summary of records kept by tax agencies; E. Automated Accounting Systems; III. Nature of Tax Office Accounting; A. Nature of Tax Transactions; B. Meaning of Full Accrual Accounting; C. SARA Accounting Records; IV. Recording and Reporting Rules; 2. HMRC's Resource, Trust and Program RecordsA. Revenue TransactionsB. Operating Income Rules; 3. Some SARA Budget Issues; C. Operating Expense Rules; D. Investing and Financing Activities; E. Program Activities; 4. Some Key Fixed Asset (FA) Issues; V. SARA Reporting Obligations; A. Simple Cash Statements; B. Complex Financial Statements; C. Program Statements; D. Consolidated Financial Statements; VI. Conclusion; ReferencesThe paper discusses the improvements which a semi-autonomous revenue agency (SARA) must make to its records to meet fiscal and financial accounting obligations. SARAs are legal entities, such as a service or a department, which are required to prepare accrual records that may diverge from a treasury's cash accounting records. Their records reflect revenues generated; budget funds for generating the revenues; and material programs administered for other agencies. The accounting records and financial statements (income statement, balance sheet and cash flow statement) must conform to generally-aIMF Working PapersAccountingStandardsFinancial statementsStandardsTax administration and procedureElectronic books.AccountingStandards.Financial statementsStandards.Tax administration and procedure.657.0218Terkper Seth E905668MiAaPQMiAaPQMiAaPQBOOK9910464002503321Accounting challenges for semi-autonomous revenue agencies (SARAs) in developing countries2025803UNINA