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The Legal Basis of Government Accounting in Cameroon

The 2007 government budget law defines the accounting basis used in determining budget. The general government accounting practiced in Cameroon follows the accounting framework established for all CEMAC member states, given that Cameroon is a member of the CEMAC regional body. Statements on accounting policy in practice are not included in the budget documentation or final accounts.
According to the IMF Report on the Observance of Standards and Codes, in Cameroon, information on budget execution on the revenue side is recorded on a cash basis. Information on expenditure is presented on commitment, payment order, and payment bases, but only for centralized services. The Ministry of Finance still faces the difficulty of registering in real time the commitments and payment orders of the central government’s decentralized services. 
Accrual-basis accounting is progressively being put into use but its use is still incomplete given that the final accounts are closed off with a delay of several months. What is more, because administrative accounts and final treasury accounts are not produced, there can be no reconciliation with the contents of the budget review law (Cameroon: Report on the Observance of Standards and Codes: Fiscal Transparency Module, 2011).

References


(2011). In I. M. Fund, Cameroon: Report on the Observance of Standards and Codes: Fiscal Transparency Module (p. 51). International Monetary Fund. Retrieved November 16, 2015
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