A proposed definition of the Modified Cash Basis & The Four Dimensions of Public Financial Management

In two relatively short articles, Michael Parry first proposes a definition of the modified cash basis of accounting and then describes the four dimensions of public financial management. We welcome this approach of relatively short articles addressing key issues in governmental financial management and would encourage other authors to follow Michael’s example in future issues.

A Proposed Definition of the Modified Cash Basis
The Four Dimensions of Public Financial Management

The Cash Basis IPSAS – An Alternative View

In our next contribution Mike Parry and Andy Wynne provide an alternative view on the approach to be taken when reviewing the Cash Basis IPSAS. They say there are three main issues which should be addressed: the requirement for consolidated accounts to be produced at the government level, the suggestion that the modified cash basis be given official recognition, and the suggestion that the Standard take full account of the IMF Government Finance Statistics (GFS) Manual.
The Cash Basis IPSAS an Alternative View