The “AAAG Transition Guide to Accrual Accounting” (May 2024) is a comprehensive resource designed to support African governments in transitioning from cash accounting to accrual accounting in the public sector, following International Public Sector Accounting Standards (IPSAS). This guide aims to enhance public financial management by improving transparency, accountability, and decision-making while aligning financial reporting with global standards.
It provides a phased and systematic approach, offering a detailed checklist that addresses critical aspects such as institutional preparedness, stakeholder engagement, policy and legal framework adjustments, capacity building, and technical assistance. The guide also emphasizes the importance of robust system development, change management, and monitoring and evaluation processes to ensure a successful and sustainable transition. This resource is tailored to assist member countries of the African Association of Accountants General (AAAG) in meeting both local and international financial reporting requirements effectively.