AGENDA
                       AGENDA
    1. Indonesian Government Accounting Standards (IGAS) development
    2. Benefits of Accrual Basis versus Cash Basis Accounting
    3. Accounting Mandatates
    4. Accrual Financial Statements
    5. Implication of IGAS implementation to  audit opinions in Central and 
       Regional Governments
    6. Indonesian Government Accounting Standards Committee
    7. Adoption, Convergence, or Adaptation of IPSAS
    8. IPSASB  study  on  Indonesian  Adoption  of  Government  Accounting 
       Standards
    9. Comparison of IPSAS and IGAS
    10.Practical Challenges in Implementing IGAS/IPSAS
    11.Key Success Factors in Implementing IGAS/IPSAS
    12.Conclusions
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    INDONESIAN GOVERNMENT ACCOUNTING STANDARDS (IGAS) 
                                DEVELOPMENT
     IGAS development from time to time ...............
           PRE-REFORM                   A MID WAY : THE CASH                     ACCRUAL 
           ACCOUNTING                    TOWARDS ACCRUAL                      ACCOUNTING 
      TRADITION ( until 2003)            BASIS (2004 – 2014)                    (From 2015)
     • No           Government         • Implementation of Cash         • Implementation          of 
       Accounting Standards              Towards          Accrual         Accrual       Indonesian 
     • Cash-based      reporting         Indonesian  Government           Government Accounting 
       (Cameral system): cash            Accounting    Standards          Standards        (Accrual 
       basis   information    on         (CTA IGAS)                       IGAS)
       revenue              and        • CTA  accounting:  cash         • Accrual       accounting: 
       expenditure,  no  accrual         basis   information   on         cash  basis  information 
       information                       revenue              and         on      revenue       and 
                                         expenditure, and accrual         expenditure, and accrual 
                                         information  on  assets,         information  on  revenue, 
                                         liabilities and equities         expense,          assets, 
                                       • CTA  IGAS  applies  to           liabilities and equities
                                         central   and    regional      • Accrual IGAS applies to 
                                         governments                      central    and    regional 
                                                                          governments
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    BENEFITS OF ACCRUAL BASIS VERSUS CASH BASIS 
                       ACCOUNTING
      1. Provide a comprehensive picture of government financial performance 
         and position (asets and liabilities) for the purpose of transparency and 
         accountability, and stakeholders decision making
      2. Provide information for government performance evaluation related to 
         programs/activities  efficiency  (cost  calculation)  and  effectiveness 
         (achievement of government goals)
      3. Provide information for assets and liabilities management, allocation of 
         resource and government finance statistics
      4. Align  with  international  best  practices  to  allow  cross-countries 
         comparison
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          ACCOUNTING MANDATES
      Law Number 17 Year 2003 on State Finance
      Law Number 1 Year 2004 on State Treasury
      Law Number 15 Year 2004 on Audit of State Finance 
       Management and Accountability 
      Law   Number  23  Year  2014  on  Regional 
       Governments 
      Goverment  Regulation  Number  71  Year  2010  on 
       Government Accounting Standards
      Government Regulation Number 58 Year 2005 on 
       Regional Financial Management
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