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The questionable economics of governmental accounting

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Australian accounting authorities have adopted an economic purpose and an economic framework for general purpose financial reporting by government departments and agencies. They declare that providers of resources to government, recipients of public goods and services, and parties performing a
review or oversight function can use general purpose financial reports (GPFRs) issued by government departments and agencies to monitor whether government resources are being used efficiently and economically, to assess the ability of government to provide services, to assist in comparing performance between entities and to determine whether entity objectives are being fulfilled
(AARF, 1990a). Whether these claims can be even partially met depends upon the financial information in GPFRs having economic relevance. The Australian approach is to use accrual accounting for all governmental reporting entities regardless of the types of goods and services they provide. This means that all government assets and liabilities must be included in a statement of financial position, a statement of pecuniary values. Superficially, this approach appears consistent with reporting the economic position of an entity in terms of available resources, their maintenance and disposition, but such an approach requires that all assets and liabilities, both pecuniary and non-pecuniary, be
reliably measured and included. Difficulties of valuing all assets, whilst also establishing the economic credibility of information generated by financial measurement, must be confronted.

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Ketersediaan

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Informasi Detail

Judul Seri

Accounting, Auditing & Accountability Journal

No. Panggil

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Penerbit

: MCB University Press., 1998

Deskripsi Fisik

Accounting, Auditing & Accountability Journal, Vol. 11 No. 2, 1998, pp. 191-203.

Bahasa

English

ISBN/ISSN

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Klasifikasi

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Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

AKUNTANSI

Info Detail Spesifik

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Pernyataan Tanggungjawab

Asmawati/Syahrial

Versi lain/terkait

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