President Emmerson Mnangagwa PRESIDENT Emmerson Mnangagwa’s administration has begun implementing the accrual-based International Public Sector Accounting Standards (IPSAS) on a phased basis, as it seeks to improve efficiency, transparency and accountability. Zimbabwe’s central government, urban and rural local authorities and government entities have been using the traditional cash accounting since 1923 when the country was declared the Republic of Southern Rhodesia under Premier Charles Coghlan. The cash-basis accounting system recognises transactions between government, local authorities and their clients only when the money is paid. But the shift to the accrual-based IPSAS, which will recognise those transactions within the time period that they occur, is part of a wider public finance management (PFM) reform in the public…