| Date
| Context
| Summary of development
| Action
|
|
10/99
| AUD
| The Director of Audit conducted a review on the financial reporting framework of the Government. [Report]
|
|
|
2/00
| PAC
| PAC considered the report of the Director of Audit on the review of the financial reporting framework. [Report "page 125"]
|
|
|
7.5.01
| FA
| The Financial Secretary announced in the 2001-02 Budget Speech the Administration's initiative that starting with the accounts for 2002-03 the Government would publish two separate sets of Annual Accounts, one under the existing cash accounting convention and the other prepared on the accrual basis. The Panel discussed with the Administration the plans for implementing the initiative. [Paper]
|
|
|
3/02
| FC
| Some members raised questions on matters relating to accrual accounting in examining the Estimates of Expenditure 2002-03. [Replies "Reply Serial Nos.: WB08, 17 and 42"] [Reply "Reply Serial No: FB008"]
|
|
|
6.5.02
| FA
| The Panel discussed with the Administration on the proposed replacement of the Government Financial Management System (GFMIS). The proposed system would include the provision of accrual accounting functionality to meet the current and future demand for accrual-based reporting requirement. [Paper]
|
|
|
24.5.02
| FC
| FC approved the proposed replacement of GFMIS. [Paper]
|
|
|
6/02
| FA
| An information paper, which set out the outcome of the public consultation conducted on the proposed changes in the Government's financial reporting policies, and the proposed way forward, was circulated to the Panel. [Paper] [Review of Government Financial Reporting Policy]
|
|
|
3/03
| FC
| Dr Hon Eric LI raised a question on the preparation of the accrual-based accounts for 2003-04 in examining the Estimates of Expenditure 2003-04. [Reply "Reply Serial No.: FSTB(T)033"]
|
|
|
5.1.04
| FA
| The Panel discussed with the Administration on the first set of accrual-based accounts for 2002-03 published on 5.1.04 and the broad directions for refining these accounts for subsequent years. [Paper] [Accrual-based consolidated financial statements] [Follow-up paper]
|
|
|
3/04
| FC
| Dr Hon Eric LI raised a question on the preparation of the Government's accounts on accrual basis in examining the Estimates of Expenditure 2004-05. [Reply "Reply Serial No.: FSTB(T)82"]
|
|
|
27.12.06
| FA
| The Administration published its accrual-based consolidated financial statements of the Government for the year ended 31 March 2006. [Press release]
[Report]
|
|
