The BASICS of Public Sector Accounting and Reporting: Volume 1 is written and supported by a vast experience in teaching and setting exams in Public Sector Accounting and Reporting for undergraduate programmes and NBAA students. The primary aim of this book is to provide a detailed, but simplified approach, exposition of public sector accounting and reporting theories and practical issues. The book has been prepared to meet the needs and expectations of readers from Institutions of higher learning undertaking bachelor degrees, diploma and certificate as well as NBAA Examinations. This book will be suitable to other stakeholders such as Lectures in this subject and practitioners in this field. The intended audience will find this book tremendously useful.