The usefulness of financial reporting in Spanish local governments

Article Abstract:

A study was conducted to determine whether Spain's Accounting Instruction for Local Government (ICAL) regulation has achieved the government's financial reporting goals, who uses the information generated, what the financial statements may be used for, and how local governments use them. Findings suggest the financial reporting under ICAL can be useful to various groups, including finance directors, financial entities, Audit Offices and other resources providers. However, optimum use of the financial data is yet to be observed.

Political aspects, Spain, Local government, Financial statements, Local finance

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Governmental accounting in transition: the Polish experience

Article Abstract:

The accounting system in Poland since 1991 is analyzed to reveal some important insights about a government in transition from a centralized economic mechanism to a market-directed economy. It is seen that Poland's accounting systems have been directly affected by both economic and political determinants. In particular, the present system reflects the ownership status and the degree of market openness of the system. In 1993, a new set of accounting regulations has been established in the country.

Economic policy, Public finance, Government accounting

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Polish public sector accounting in transition: evidence from the mid 1990s

Article Abstract:

Accounting models for Poland's public sector must be understood in an international context if it is to be examined on a global scale. The current model, including the enactment in 1994 of the Accounting Act, is explained as well as tax regulations and budgetary law. Poland's Accounting Act has emphasized political character and the importance of financial information in Poland.

Methods, Social policy, Policy sciences

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