2.5 Public Sector Accounting & FinanceFinancial reporting in the public sector ( MMDA: Stmt of fin. performance)Financial Reporting In The Public Sector (MMDA: Cashflow)Level 2

Nov 2020 Q2 a&b

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Additional Information:
i) Eminaa District Assembly adopts accrual basis of accounting in the preparation of its financial statements.
ii) Established Post salaries outstanding as at 31/12/2018 was GH¢180,000,000.
iii) Inventory at 31/12/2018 was GH¢170,000,000.

Required:
Prepare for Eminaa District Assembly:
a) Statement of financial performance for the year ended 31/12/2018. (7 marks)