FEE EUROPEAN COMMISSION ACCRUAL ACCOUNTING CONFERENCE
August 1st, 2006
BY KEITH NUTHALL
MEMBER states of the European Union (EU) have been encouraged at a European Federation of Accountants (FEE) sponsored-conference in Brussels to follow in the European Commission's footsteps and adopt accrual accounting practices. EU budget Commissioner Dalia Grybauskaite told the 'Modernising accounting in the Public Sector - Exchange of Experience' conference that the system, now largely installed at the Commission, offered national governments major benefits. Noting that "some member states...are also implementing accrual-based accounting ...
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