PETALING JAYA: Former finance minister Najib Razak said his successor Lim Guan Eng doesn't understand that the government uses a different
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The accounting and finance industries have been abuzz with the recent changes to the Revenue Recognition standard. This new standard has been
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Najib Razak stated that Lim Guan Eng, simply does not understand the fact that the accounting system used by the government is far different from the
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With the accruals accounting method, revenue and expenses are instead recorded when they are incurred, and not when cash transactions are made.
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Najib, in his Facebook post today, claimed that Lim did not understand that the government uses the modified cash accounting system and not the
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