Quote by James Buchan
Even before he came to power in 1997, Gordon Brown promised to change the accounts to parliament from simple litanies of cash in and cash out, to a more commercial system that took notice of the public property the departments were using. This system is known as resource accounting.
Summary
This quote highlights Gordon Brown's commitment to reforming the accounting system in parliament before he became the UK's Prime Minister in 1997. He aimed to transform the accounts from a basic representation of financial transactions to a more comprehensive system known as resource accounting. Brown recognized the importance of considering the public property utilized by government departments, leading to a more commercial approach to accounting. This change aimed to provide a clearer and more accurate assessment of the government's utilization of resources, thereby enhancing transparency and accountability in public administration.
Topics
Change
By James Buchan
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