Budget Reform and State Modernisation in France

The Central Government Accounting Standards

The compendium contains the accounting standards that apply to the central government. There are three parts:

The Conceptual Framework for Central Government Financial Statements

It presents the assumptions underlying the accounting standards, defines the main concepts derived from these assumptions and discusses the scope and the limitations of the financial information provided by the statements.

The Accounting Standards

They are presented using the following structure:
• an introduction that explains the standards, any specific features of the central government in the area under consideration, the choices made and how the standard compares to other benchmarks
• the standards per se
• and examples to illustrate how the standards fit into the legal and financial context.

The Glossary

As regards the status of the documents contained in this compendium, only the standards themselves shall be regarded as setting requirements.
Application of these Standard is linked to the implementation of new central government budget and accounting information systems. Full application will only be possible once these systems have been fully deployed.