Question

Now it has been evidently known that the project of migration from cash to modified accrual basis accounting was at a very slow pace in Fiji. Obviously, the scale of this migration project has been reduced or downsized over the years from what it was when it was being implemented initially. From the above underlined statement, it can be concluded that professional training should be more structured and focused in public sector. The reason being that the trained expertise will oversee the operation of the whole project of migration from cash to modified accrual accounting instead of only providing consultations as to how to manage a software for example. Since accountants are now more engaged into managerial roles rather than bookkeeping, they appreciate the fact that the budge to modified accrual accounting comprise of more aspects than just getting an expensive software.

DISCUSSION POINT 3: When it comes to providing professional trainings to public sector officials, there are always vital questions that perhaps remains in the minds of the public sector. From your viewpoint, discuss some of these questions that would come to your mind if you have to represent yourself as the “Government of Fiji”.

Please requesting the solution to this by today will be highly appreciated.

Answer 1

Answer is as under :

The following question would come to my mind if I was to represent as the "Government of Fiji "

1) How much time will it take for professional to get trained for accounting on accrual basis ?

2) What will the time duration for data conversion of cash accounting to accrual accounting ?

3) How will the government of Fiji be benefited from change in accounting system ?

4) While the training of accountant is conducted , does our routine work will stop ?

5) What is the cost of training professional and cost of software to be implemented ?

6) Are there any chances of leakage of data while data migration is going on ?

7) How will the professional training be imparted to accountant ?

8) How can we ensure that after completion of training , our staff will be well versed with accrual method of accounting ?

9) Does the benefit of data migration and cost of data migration are compared ?

10) Does your professional training to our staff will cover complete scope and main features such as expenses booking as they accrue , passing provisional entry, revenue recognition etc.