Government entities · IPSAS · IPSAS 24 · GFS 2014
Financial statements for government entities under IPSAS
A chart of accounts coded to the budget chapters, the statement of financial performance, and the statement of comparison of budget and actual amounts, in Arabic and English.
What you get
- 139 accounts in the public-sector chart — Coded to the budget chapters under GFS 2014 and linked to the statement lines.
- 46 ready notes — Infrastructure, heritage assets, non-exchange revenue, social benefits and the budget comparison.
- 24 budget-vs-actual statement — Original, final and actual per chapter, with capital-project adjustments and their reconciliation.
- Statement of financial position — Non-exchange receivables, transfers payable, infrastructure.
- Statement of financial performance — Surplus or deficit for the year instead of profit.
- Changes in net assets — Instead of equity.
- Your own chart — Add the budget code to each account and the statement builds from the codes.
Common questions
Can we use our own chart of accounts?
Yes. Add the budget code to each account and the budget statement is built from the codes.
How are assets received free of charge handled?
You add an adjustment on the capital-projects row, and it appears in a reconciliation under the statement.
On what basis is the budget prepared?
Cash basis by default; the actual comes from the trial balance and can be overridden per chapter.
Sample report (PDF)
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