Accrual Reform: Tecnosys Italia Ready to Support Public Administrations
The Accrual accounting reform is a strategic step toward modernizing Public Administration financial reporting.
Tecnosys Italia supports public entities with specialized expertise and digital solutions fully compliant with the new regulatory framework.
Through the eW-Armo platform, public administrations can publish and manage financial statements in accordance with Accrual regulations, ensuring:
- Proper management of accrual-based financial statements;
- Integration with existing accounting systems;
- Ongoing operational support and regulatory updates;
- Reduction of organizational risks and operational issues.
The goal is to ensure an orderly, compliant, and sustainable transition to Accrual accounting, supporting public entities throughout every phase of the implementation process.
What is Accrual Accounting?
Accrual accounting is based on the accrual principle, which requires revenues and expenses to be recorded in the fiscal year to which they relate, regardless of when payments or receipts occur.
This system does not replace financial accounting — which continues to retain its authorization function — but complements it with new mandatory reports such as the Balance Sheet and Income Statement.
The result is greater transparency, comparability, and sustainability of public financial statements, thanks to a comprehensive view of economic and financial management.
Adapting to Accrual Accounting: What Public Entities Need
Transitioning to the new model requires:
- Reconciliation between financial and accrual-based accounting data;
- Updating IT and accounting systems;
- Reviewing internal recording and reporting processes;
- Ensuring consistency between harmonized accounting and Accrual reporting formats.
This is both a technical and organizational process that requires appropriate tools and specialized support.
Tecnosys Italia Solutions for Accrual Accounting
Tecnosys Italia offers a complete support service for the Accrual reform, including:
- Preliminary analysis of the accounting structure and process mapping;
- Consulting services and IT/management system upgrades, including the possibility of reclassifying harmonized financial statements into the Accrual format;
- Operational support in preparing Accrual reports (Balance Sheet, Income Statement, and reconciliation models);
- Training and assistance for staff on accounting principles and procedures related to the new system.
We are available to present the solution in detail and assess the specific needs of your organization in order to design a customized path toward the adoption of Accrual accounting.
* w-ARMO is the module that enables the management of harmonized accounting in accordance with the regulatory directives issued by Legislative Decree No. 118 of June 23, 2011, and subsequent amendments. It includes automated FPV management, Annex 9 and 10 financial statement formats, and automated FCDE calculation.
