3. Financial accounting and reporting 387

3. Financial accounting and reporting

3. Financial accounting and

Financial accounting arrangements

Financial accounting and reporting

Subprogramme 3. Financial accounting and reporting

3. Financial accounting and reporting activities

Subprogramme 3. Financial accounting and reporting

Table 28B.13 Resource requirements financial accounting and reporting

The financial statements of the GM are prepared in accordance with International Financial Reporting Standards (IFRS) (formerly called International Accounting Standards) and under the historical cost convention.

(b) The financial statements were prepared in accordance with the stated accounting principles

(UN A 41 834) Financial accounting and reporting activities

The Section is the focal point for the financial operations of the Fund and the financial accounting function is shared across the units within it.

With the convergence of the U.S. GAAP and the international IFRS accounting systems, as the highest authority over International Financial Reporting Standards, the International Accounting Standards Board is becoming more important in the United States.

The organization has stated that the financial statements and schedules conform with the accounting standards.

The Board noted that the financial statements of the Fund of UNEP conformed to the accounting standards.

It will continue to review international accounting standards and their applicability to national standard setting with a view to encouraging greater harmonization of accounting and reporting standards and to meeting the needs of users of financial information, focusing on more comprehensive reporting and environmental accounting.

Transparency of information and the adoption of international accounting standards also need to be promoted.

The Office shall review further ways of enhancing the Financial Accounting System to increase its usefulness.

28B.27 Responsibility for financial accounting and reporting is entrusted to the Accounts Division.

34. The United Nations remains responsible for UNITAR apos s financial accounting and the preparation of UNITAR apos s financial statements.

IAS 5 Information to be Disclosed in Financial Statements

Technical competency in understanding financial statements and reporting, generally accepted accounting principles, audit and investigation

International finance 4

To do so will require the review of processes and the strengthening of financial accounting and reporting as a core discipline.

It is proposed that the control functions relating to the processing of financial accounting records be regrouped within the Accounts Unit.

Bases of accounting Financial statements are currently prepared on a modified accrual basis.

IAS 27 Consolidated Financial Statements and Accounting for Investments in Subsidiaries

68. ITC uses the accounting services of the United Nations Office at Geneva (UNOG).

(a) To examine capital master plan financial statements, including project accounting, payment and reporting systems

These special financial years or mandate periods are used both for the presentation of information and for accounting purposes.

Malaysia Mr. Rosli bin Abdullah, Director of Corporate and Management Support, Accountant General Department, Ministry of Finance

In the Financial Services Section, reinforcing staffing is a matter of priority given the critical importance of the financial accounting function and of the related financial activities.

International financial institutions

A number of the recommendations were made on issues concerning non financial assets, relating to harmonization with the Handbook of National Accounting Integrated Environmental and Economic Accounting, new developments in the economy, and methodological advances.

Their primary objectives are to provide a framework for accounting and financial reporting in the system which reflects generally accepted accounting principles, while taking account of the specific characteristics and needs of the system and to promote consistent accounting and financial reporting practice among the organizations.

24. ITC uses the accounting services of the United Nations Office at Geneva (UNOG).

IAS 17 Accounting for Leases

International financial services

quot The mandate of the Board is, first, to express an opinion on the financial statements and, second, to make observations with respect to the efficiency of financial procedures, the accounting system, the internal financial controls and in general the administration and management of the Organization.

IAS 16 Accounting for Property, Plant and Equipment

The Financial Accounting System of the Office for the Coordination of Humanitarian Affairs is not meant to process transactions, but to report on transactions that have been processed in the IMIS accounting system.

Environmental accounting

Enable accounting

Basis of accounting