The innovations of the accrual basis public sector account and its effects to the account applications

In 2006, having entered into force, The Public Financal Management and Control Law completely with its all articles, there have been changes in many fields of financal system. One of the most important changes is the transformation of the public sector account from the cash basis to the accrual basis. The aim of this thesis is to explain the accrual system?s benefits to the financal system and its deficiencies and the problems can be encountered in the implementation of the accrual system of which workings was started in 1995 and have been in rule in all public sector entities since 2006.For this purpose, analysing the recognition methods in the public sector account, the problems growing out of the cash basis public sector account were studied and innovations and changes in the implementation of accrual basis public sector account were analised. The problems in the application of accrual basis public sector account are studied separetely.In conclusion, it?s inevitable to encounter the problems in the implementation of a new account system while making structural changes in the public sector account. My opinion is that these problems will be passed and a more effective financal management will be formed in the course of time.Key Words:1.Public Sector Account2.Cash Basis3.Accrual Basis4.Financal Statements5.Financal Transparency