Which of the following is a key advantage of accrual accounting in public financial management?
Type: MCQ • Marks: 1
Which of the following is a key advantage of accrual accounting in public financial management?
Options
A. It completely eliminates public debt
B. It eliminates the need for budgets
C. It prevents all accounting errors
D. It provides a fuller picture of assets, liabilities and obligations
Explanation
Accrual accounting can provide a more comprehensive view of the government's financial position by recognising assets, liabilities, receivables and obligations beyond immediate cash movements.
UPSC Principal & Vice PrincipalManagement Finance Administration
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