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25 Technium Soc. Sci. J. 1 (2021)

handle is hein.journals/techssj25 and id is 1 raw text is: Technium Social Sciences Journal Vol. 25, 1-8, November, 2021 L SOCIAL S N JOURNISSN 2668-7798 www.techniumscience.com Public sector accounting education and training as supportive mechanisms of the ongoing accrual-based accounting reforms Hanane Jafi PhD Candidate, Laboratory of Prospective Research in Finance and Management- National School of Business and Management of Casablanca-Hassan II University, Casablanca, Morocco Hanane.jafi0508@gmail.com Said Youssef Full Professor , Laboratory of Prospective Research in Finance and Management- National School of Business and Management of Casablanca-Hassan II University, Casablanca, Morocco Abstract. This article explores the major challenges surrounding the on-going wave of public sector accrual accounting reforms. In particular, this paper sheds light on the importance of training and skill development as essential components of capacity-building, and discusses the crucial role educational institutions play in laying the basis of a sound Public Sector Accounting (PSA) body of knowledge. The article also provides recommendations based on studies and reports conducted by international organizations, standards-setting bodies, and accountancy profession institutions as well as capitalizing on the experience of leading countries in the public financial management field. Keywords: Accrual-based accounting, staff training, public sector accounting education (PSAE), Public finance management (PFM). 1. Introduction Over recent decades, the public financial management 1(PFM) reform initiatives undertaken by nations all around the world have witnessed a substantial rise in accrual accounting use. In the exhibit, the recently published international public sector financial accountability index found that 30% of surveyed jurisdictions are currently reporting on accrual accounting. As might be expected, 57% (out of 30%) are using International Public Sector Accounting Standards 2(IPSASs) and this rate is projected to grow by 16 points, reaching 73% by the end of 2025 (IFAC & CIPFA, 2021). The continuous shift from cash to accrual accounting in public sector settings can be explained by the increasing awareness of the 1 PFM: It's an acronym that stands for Public Financial Management and it refers to how governments manage public resources, as well as the socioeconomic effects of those resources. As a result, PFM is simultaneously concerned with both the process and the outcomes of public resources management. (Andrews et al., 2014) 2 IPSASs: stand for International Public Sector Accounting Standards, a set of independent financial reporting standards issued by the International Public Sector Accounting Standards Board. 1

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