Vol. 557 No. 1
232 Mr. Eamon Ryan asked the Minister for Foreign Affairs if his Department's annual accounts are done on a full accrual accounting system; and if not, if there is a timescale for the implementation of such an accounting method. [21632/02]
The Department's annual accounts, that is, the appropriation account, are not prepared under the full accruals accounting method. Instead, the appropriation account is prepared using the cash basis in accordance with Government accounting procedures.
However, my Department, together with other Departments and offices, is working on the implementation of the management information framework project. We expect that the roll-out of the MIF will facilitate the implementation of a full accruals-based financial management system in the Department in early 2004.
