In preparation of government-wide statements,converting information recorded using the modified accrual basis of accounting to the accrual basis,where appropriate,is conceptually preferable to using information directly from the accounting system to prepare the statements.

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It is conceptually better to have government-wide, accrual based accounting information available on demand throughout the year, or at least monthly, to meet the needs of external financial statement users.

In Preparation of Government-Wide Statements,converting Information Recorded Using the Modified