1. Define cash, fund and accrual accounting and discuss the advantages and disadvantages of each type of accounting system used in Fiji.

2. Find out the type(s) of accounting system(s) currently used by the Fiji Government and the advantages and disadvantages experienced by them

3. Conclude by stating the type(s) of accounting system(s) that should be used by Fiji Government and recommend any change that needs to be made.

Answer rating: 100% (QA)

1 Cash basis of accounting is used in by the Central Government in Fijian in which all reporting in financial statement are based on the basis of actu... View the full answer