LEADER 05402oam 22010934 450 001 9910807167903321 005 20240402045947.0 010 $a1-4623-3259-5 010 $a1-4527-1982-9 010 $a1-282-84070-3 010 $a9786612840708 010 $a1-4518-6976-2 035 $a(CKB)3170000000054986 035 $a(EBL)1607668 035 $a(SSID)ssj0000943963 035 $a(PQKBManifestationID)11612506 035 $a(PQKBTitleCode)TC0000943963 035 $a(PQKBWorkID)10982722 035 $a(PQKB)11182970 035 $a(OCoLC)815737336 035 $a(MiAaPQ)EBC1607668 035 $a(IMF)WPIEE2008116 035 $a(EXLCZ)993170000000054986 100 $a20020129d2008 uf 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aAccounting Challenges for Semi-Autonomous Revenue Agencies in Developing Countries /$fSeth Terkper 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2008. 215 $a1 online resource (28 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/116 300 $aDescription based upon print version of record. 311 $a1-4519-1430-X 320 $aIncludes bibliographical references. 327 $aContents; 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 Records 327 $aA. 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; References 330 3 $aThe paper discusses the improvements which a semi-autonomous revenue agency (SARA) must make to its records to meet fiscal and financial accounting obligations. SARAs are legal entities, such as a service or a department, which are required to prepare accrual records that may diverge from a treasury's cash accounting records. Their records reflect revenues generated; budget funds for generating the revenues; and material programs administered for other agencies. The accounting records and financial statements (income statement, balance sheet and cash flow statement) must conform to generally-accepted accounting principles (GAAPs) or standards such as the International Public Sector Accounting Standards (IPSAS) of the International Federation of Accountants (IFAC)-and to the treatment of operating, investment and financing activities in the Government Finance Statistics (GFS) Manual. 410 0$aIMF Working Papers; Working Paper ;$vNo. 2008/116 606 $aAccounting$xStandards 606 $aFinancial statements$xStandards 606 $aTax administration and procedure 606 $aAccounting$2imf 606 $aBudgeting$2imf 606 $aMacroeconomics$2imf 606 $aPublic Administration$2imf 606 $aPublic Sector Accounting and Audits$2imf 606 $aNational Budget$2imf 606 $aBudget Systems$2imf 606 $aPersonal Income, Wealth, and Their Distributions$2imf 606 $aPublic finance accounting$2imf 606 $aFinancial reporting, financial statements$2imf 606 $aBudgeting & financial management$2imf 606 $aFinancial statements$2imf 606 $aFiscal accounting and reporting$2imf 606 $aAccrual accounting$2imf 606 $aBudget planning and preparation$2imf 606 $aPersonal income$2imf 606 $aFinance, Public$2imf 606 $aBudget$2imf 606 $aIncome$2imf 607 $aSouth Africa$2imf 615 0$aAccounting$xStandards. 615 0$aFinancial statements$xStandards. 615 0$aTax administration and procedure. 615 7$aAccounting 615 7$aBudgeting 615 7$aMacroeconomics 615 7$aPublic Administration 615 7$aPublic Sector Accounting and Audits 615 7$aNational Budget 615 7$aBudget Systems 615 7$aPersonal Income, Wealth, and Their Distributions 615 7$aPublic finance accounting 615 7$aFinancial reporting, financial statements 615 7$aBudgeting & financial management 615 7$aFinancial statements 615 7$aFiscal accounting and reporting 615 7$aAccrual accounting 615 7$aBudget planning and preparation 615 7$aPersonal income 615 7$aFinance, Public 615 7$aBudget 615 7$aIncome 676 $a657.0218 700 $aTerkper$b Seth$01717640 801 0$bDcWaIMF 906 $aBOOK 912 $a9910807167903321 996 $aAccounting Challenges for Semi-Autonomous Revenue Agencies in Developing Countries$94114028 997 $aUNINA