DB # 2
The article is about the aspects of transparency of the financial statements and the accountability of the accounts and related parties. The transparency of government organizations and the role of accountants is discussed in the article. Moreover, the article explains that the reporting standards are different in different countries which is creating problems for the stakeholders in comparability and understandability of the financial statements. ("AICPA Insights", 2015)
The accounting concepts discussed in the article are accruals and the pension schemes for the employer participation and governmental pension plans. The main reason of discussing the accrual concept is that it ...