"Because Budgetary Accounts Are Used by Governments,their Financial Statements Can

question 11

Essay

"Because budgetary accounts are used by governments,their financial statements can never be said to be in accord with generally accepted accounting principles." Comment.

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Definitions:

Individualism-collectivism

A cultural dimension that describes the degree to which people in a society are integrated into groups or consider themselves independent and self-reliant.

Culture

A shared set of beliefs, values, and patterns of behaviour common to a group of people.

Group Decisions

Decisions made collectively by people or members in a group rather than by an individual.