1) The Finance Instructions may make provision for the adoption of accrual accounting principles, policies and procedures for whole of government reporting or budget sector agency reporting or both.
2) Provisions for the adoption of accrual accounting principles, policies and procedures may apply differently for different aspects of accounting and for different budget sector agencies or classes of budget sector agencies and may provide for the principles, policies and procedures to be adopted in a staged manner.
(Financial Management Act 2004 s(26))