The benefits of accrual

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please re-read the article before attempting the questions again

  1. How do you make sure public sector accounts capture the real value of assets and liabilities?

  2. How would a water well be accounted for under accruals?

  3. Why is cash accounting not as helpful as accrual-based accounting?

  4. What does accrual accounting help the government to avoid?

  5. Which of the following is not a benefit of accrual-based accounting?

  6. Which of the following is not one of the 30 recommendations or topics in the 'Is cash still king?' report?

  7. What will governments need to do?

  8. Which of the following is not a top tip from the 'Is cash still king?' report?

  9. Which of the following groups does not need to be trained in the new system by the government?

  10. Which of the following does strong balance sheet management not ultimately lead to?