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- What legislation governs government accounting in Trinidad? Discuss.ASSIGNMENT Explain briefly how these factors can influence the adoption of IFRS by a country. Extent of economic development Nature of domestic business ownership and financing systems Colonial inheritance Cultural differences Legal systems Tax policies or laws Sources of funding Huge cost of developing own standardswhat are some good features of government accounting? Explain if trinidad and tobago shows good features of government accounting
- will there be an instance where in the government may consider as primary user? please provide example.Can you explain and give examples of the key state assets that fall in the federal government stewardship for your state?ASSIGNMENT Explain briefly how these factors can influence the adoption of IFRS by a country. Extent of economic development Nature of domestic business ownership and financing systems Colonial inheritance
- MC: Topic: Income Taxation The following defines taxation, except: * It is an inherent power of the state. It is an executive prerogative. It is a process of collecting contributions. It is mode of allocating government costs or burden to the people.Taxation is described as a symbiotic relationship whereby in exchange of the benefits and protection that the citizens get from the Government, taxes are paid. What is the answer described in the statement?Briefly expalin what is government accounting and what are some good features on government accounting
