Government Departments Are Now Required to Report in Accordance with AAS

Multiple Choice

Government departments are now required to report in accordance with AAS 29 'Financial reporting by government departments'.The broad effect of the requirements of this standard is to:

A) Emphasise the reporting of the service role of government departments.
B) Emphasise the use of cash accounting by government departments.
C) Introduce accrual accounting and an emphasis on profit.
D) Introduce value added reporting.
E) None of the given answers.