05402oam 22010934 450 991080716790332120240402045947.01-4623-3259-51-4527-1982-91-282-84070-397866128407081-4518-6976-2(CKB)3170000000054986(EBL)1607668(SSID)ssj0000943963(PQKBManifestationID)11612506(PQKBTitleCode)TC0000943963(PQKBWorkID)10982722(PQKB)11182970(OCoLC)815737336(MiAaPQ)EBC1607668(IMF)WPIEE2008116(EXLCZ)99317000000005498620020129d2008 uf 0engur|n|---|||||txtccrAccounting Challenges for Semi-Autonomous Revenue Agencies in Developing Countries /Seth Terkper1st ed.Washington, D.C. :International Monetary Fund,2008.1 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-accepted accounting principles (GAAPs) or standards such as the International Public Sector Accounting Standards (IPSAS) of the International Federation of Accountants (IFAC)-and to the treatment of operating, investment and financing activities in the Government Finance Statistics (GFS) Manual.IMF Working Papers; Working Paper ;No. 2008/116AccountingStandardsFinancial statementsStandardsTax administration and procedureAccountingimfBudgetingimfMacroeconomicsimfPublic AdministrationimfPublic Sector Accounting and AuditsimfNational BudgetimfBudget SystemsimfPersonal Income, Wealth, and Their DistributionsimfPublic finance accountingimfFinancial reporting, financial statementsimfBudgeting & financial managementimfFinancial statementsimfFiscal accounting and reportingimfAccrual accountingimfBudget planning and preparationimfPersonal incomeimfFinance, PublicimfBudgetimfIncomeimfSouth AfricaimfAccountingStandards.Financial statementsStandards.Tax administration and procedure.AccountingBudgetingMacroeconomicsPublic AdministrationPublic Sector Accounting and AuditsNational BudgetBudget SystemsPersonal Income, Wealth, and Their DistributionsPublic finance accountingFinancial reporting, financial statementsBudgeting & financial managementFinancial statementsFiscal accounting and reportingAccrual accountingBudget planning and preparationPersonal incomeFinance, PublicBudgetIncome657.0218Terkper Seth1717640DcWaIMFBOOK9910807167903321Accounting Challenges for Semi-Autonomous Revenue Agencies in Developing Countries4114028UNINA