11-14-2009, 12:18 AM
Salams guys,
I am a business administration student and got an assignment about government's right to tax. The assignment says that IPSASB is considering a conceptual framwork for financial reporting by government and one the issues that it is considering is
<i></i>"Is the 'right to tax' entities an asset that should be recorded in the financial statements of governments?"[/i]
It requires an analysis in an essay including consideration of the following
-The application of definition and recognition criteria of the framework to this question
-Measurement issues
-If an asset were to be recognized, what should the corresponding 'credit' be?
-What should be the appropriate accounting treatment of this item if you believe that recording an asset is inappropriate?
So, I was wondering if I could get help of some professional accountants in this regard, though I've done some work myself, but dont feel satisfied.
So, i'd be looking forward for your replies
I am a business administration student and got an assignment about government's right to tax. The assignment says that IPSASB is considering a conceptual framwork for financial reporting by government and one the issues that it is considering is
<i></i>"Is the 'right to tax' entities an asset that should be recorded in the financial statements of governments?"[/i]
It requires an analysis in an essay including consideration of the following
-The application of definition and recognition criteria of the framework to this question
-Measurement issues
-If an asset were to be recognized, what should the corresponding 'credit' be?
-What should be the appropriate accounting treatment of this item if you believe that recording an asset is inappropriate?
So, I was wondering if I could get help of some professional accountants in this regard, though I've done some work myself, but dont feel satisfied.
So, i'd be looking forward for your replies
