text: 2000 591017 485363 I135(115) 4] 156338 634 119) 76256 13 66878 (1222R8) 50827000 058 102712 2000 ·956338 3192 19953 231449 I017 586854 152047(i) (ii) (iii) (iv) (v) (vi)Go' as fi af di Pr an Fin sig The int be Fin per Ac cur be sho Uruouay Venpzuela vietNam Yemen830 7000000 320007376 I000830 320007376 2000 7000(b)The basisofacco pricesforgo Yuooslavia Zaire61053 101435 4029194596 133333 I02928]02 lQC:;fi49 3000(c)The -16-~IFlepresents totalunpaidpledges ofS15,900,136 less$13,755.543 futureyearplE'dges asat31DecemJ:ler 1984.Zamhia Zimbabwe Nc'lt"l-C1overnmental oroani:zoations TotalI769 2144593Y11194 11538 34028 14938655804 8966 12883 3901770 ]]538 3402R 110758813541 96531317456 8966 ]7925444(d)The accrual basis (e)Tra UnitedStates UnitedStates establishecl b statements, p delegation of Management, sVI.SUMMARY OFSIGNIFICANT ACCOUNTING POLICIES Thefollowing arethesignificant accounting policies ofUNIDF: (a)Theaccounts oftheUnitedNations Industrial Development Fundare maintained inaccordance withtheFinancial Regulations andRulesoftheUnited Nations andthespecial annexfortheFund,administrative instructions issued by theUnder-Secretary-General forAdministration andManagement ortheController, andinconformity withgenerally accepted government accounting principles. The Fundfollows theInternational Accounting Standard 1onthedisclosure of accounting policies, asmodified andadopted bytheConsultative Committee on Administrative Questions atitsfifty-fourth session, asshownbelow: (i)Goingconcern, consistency andaccrual arefundamental accounting assumptions. Wherefundamental accounting assumptions arefollowed in financial statements, disclosure ofsuchassumptions isnotrequired. If afundamental accounting assumption isnotfollowed, thatfactshould be disclosed, together withthereasons; (ii)Prudence, substance overformandmateriality shouldgovern theselection andapplication ofaccounting policies; (iii)Financial statements shouldinclude clearandconcise disclosure ofall significant accounting policies thathavebeenused; (iv)Thedisclosure ofthesignificant accounting policies usedshould bean integral partofthefinancial statements. Thepolicies shouldnormally bedisclosed inoneplace; (v)Financial statements should showcorresponding figures forthepreceding period; (vi)Achangeinanaccounting policythathasamaterial effectinthe current periodormayhaveamaterial effectinsubsequent periods should bedisclosed, together withthereasons. Theeffectofthechange should, ifmaterial, bedisclosed andquantified. (b)Thefinancial statements oftheFundareprepared onthehistorical cost basisofaccounting andhavenotbeenadjusted toreflect theeffects ofchanging pricesforgoodsandservices. (c)Thefinancial periodoftheFundconsists ofonecalendar year. (d)Theincome, expenditure, assets andliabilities arerecognized onthe accrual basisofaccounting. (e)Translation ofcurrencies. Theaccounts oftheFundarepresented in UnitedStatesdollars. Accounts maintained inothercurrencies aretranslated into UnitedStatesdollars atthetimeofthetransaction atratesofexchange establishect bytheController. Inrespect ofsuchcurrencies, thefinancial statements, prepared atsuchintervals asmaybeprescribed bytheController under delegation ofauthority fromtheUnder-Secretary-General forAdministration and Management, shallreflect thecash,investments, unpaidpledges (otherthanpledges -17-forfutureyears)andcurrent accounts receivable andpayable incurrencies other
analysis: This text appears to be related to the financial management and reporting of the United Nations Industrial Development Fund (UNIDF), which is an organization focused on promoting economic development. The text discusses the Fund's accounting policies, financial statements, and financial reporting, which suggests a strong connection to economic development.