In 1973, the Accounting Principles Board was replaced by the Financial Accounting Standards Board (FASB) under the supervision of the Financial Accounting Foundation with the Financial Accounting Standards Advisory Council serving to advise and provide input on the accounting standards.

To fulfill its responsibility, UNHCR operates within prescribed accounting policies and standards and maintains systems of internal accounting controls and procedures to ensure the reliability of financial information and the safeguarding of assets.

(d) The accounting policies of the organization, as summarized in note 2 to the financial statements these accounting policies have been applied on a basis consistent with the preceding financial periods.

The financial statements were prepared in accordance with the stated accounting policies and

(b) UNDCP should review and simplify its financial accounting arrangements (para. 25)

Where fundamental accounting assumptions are followed in financial statements, disclosure of such assumptions is not required.

Financial Information

The financial statements are prepared in accordance with the Financial Regulations and Rules of UNICEF and the accounting standards of the United Nations system.

Initiative Update accounting policies and improve financial reporting disclosures

Where fundamental accounting assumptions are followed in financial statements, disclosure of such assumptions is not required.

10. Financial statements should include clear and concise disclosure of all significant accounting policies which have been used.

11. The disclosure of the significant accounting policies used is an integral part of the financial statements.

The Board noted that the financial statements of the United Nations University, by and large, conformed to the accounting standards.

Financial intelligence unit

Financial management information system

Financial management information system

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.

Financial information used elsewhere is consistent with that in the financial statements.

All the accounting records have been made available for the purposes of your audit, and all the transactions by the organization which properly occurred in the financial period have been properly reflected and recorded in the accounting records.

Where fundamental accounting assumptions are followed in financial statements, disclosure of such assumptions is not required. If a fundamental accounting assumption is not followed, that fact should be disclosed together with the reasons.

Accounting period

UNHCR participates in the inter agency Task Force that continues to review accounting standards and the presentation of financial statements.

UNHCR participates in the inter agency Task Force, which continues to review accounting standards and the presentation of financial statements.

(iv) The disclosure of the significant accounting policies used should be an integral part of the financial statements.

The Board assessed the extent to which UNFPA apos s financial statements for the 1992 1993 biennium conform to the Common Accounting Standards.

2. Accounting standards

The adoption of the International Public Sector Accounting Standards will require revision of the UNICEF Financial Regulations and Rules.

Therefore, of the 41 new posts approved in the support account budget in 2003 04, 35 were for the Office of Internal Oversight Services.

The economic accounts include the financial accounts of the link operator as well as the welfare gains and losses of the other economic agents

A summary of significant accounting policies applied in the preparation of the financial statements is provided in note 1 to the financial statements.

(iii) Financial statements should include clear and concise disclosure of all significant accounting policies which have been used

(iv) The disclosure of the significant accounting policies used should be an integral part of the financial statements.

(iii) Financial statements should include clear and concise disclosure of all significant accounting policies which have been used.

(ii) Prudence, substance over form and materiality should govern the selection and application of accounting policies

exchange of financial information

(iii) Finance and Information Systems Section

Financial management information system 108 110

Objective 4. Revision and restructuring of accounting function within the Financial Services Section and the United Nations Joint Staff Pension Fund.

The accounting policies were applied on a basis consistent with that of the preceding financial period

Where fundamental accounting assumptions are followed in financial statements, disclosure of such assumptions is not required.

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.

Japan s Accounting Problem

Scandinavia s Accounting Trick

(q) Refinement of accounting practice

Accounting policy for voluntary contributions