Accountability and governmental financial reporting
Article Abstract:
The issue of accountability in government financial reporting is addressed. The Governmental Accounting Standards Board (GSAB) needs input for the establishment of the Generally Accepted Accounting Principles. Existing research is drawn upon for accountability issue insights to provide governmental accounting research agenda for GSAB's operations. The policy implications of regarding accountability as an objective of governmental financial reporting was concluded as far from clear and requires more research.
Publication Name: Financial Accountability & Management
Subject: Business
ISSN: 0267-4424
Year: 1992
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The development of conceptual frameworks of accounting for the public sector
Article Abstract:
The importance of accounting standards is exemplified in the development in the US of conceptual frameworks for up to the 1980s. The new focus on conceptual frameworks for national governments in the 1980s utilizes the same decision-usefulness approach as in commercial accounting. As in most countries, UK government accounting standards bodies lack any enforcement power and need to establish the legitimacy of its findings through credible financial reports.
Publication Name: Financial Accountability & Management
Subject: Business
ISSN: 0267-4424
Year: 1992
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Capital accounting, user needs and the foundations of a conceptual framework for public sector financial reporting
Article Abstract:
Financial reports for the public sector needs a conceptual framework which addresses the needs of the public and is geared towards the public good. Moreover, properly constructed financial reports based on standardized accounting procedures will enable the identification of common problems and solutions from various organizational forms resulting in minimization of costly mistakes.
Publication Name: Financial Accountability & Management
Subject: Business
ISSN: 0267-4424
Year: 1992
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