AN INQUIRY INTO THE IMPLEMENTATION PROCESS OF THE NEW ACCOUNTING MODEL

Abstract

The New Accounting Model has been adopted as a government accounting system in Pakistan under PIFRA reforms. This study aims to investigate the process of implementing the New Accounting Model, as previous research has given inadequate focus to the government accounting of Pakistan and its constituents. The results are considered valuable for education, policy, and practice in government accounting and have the potential to provide insights for future amendments. A thematic analysis of the interview data reveals that the New Accounting Model was implemented in a systematic manner. This encompassed conducting a feasibility study, designing the New Accounting Model and System Application Program, conducting testing at designated locations, capacity building, establishing necessary infrastructure, and subsequent functionalization of the model at pilot, rollout, and replica sites.