Practice Relevant Accrual Accounting For The Public Sector

Author : Hassan Ouda
Publisher : Springer Nature
Page : 350 pages
File Size : 48,9 Mb
Release : 2020-10-23
Category : Political Science
ISBN : 9783030515959

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Practice-Relevant Accrual Accounting for the Public Sector by Hassan Ouda Pdf

This book addresses the necessary developments and adjustments that can be regarded as a promising starting point for making accrual accounting a more practice-relevant for the public sector entities. Specifically, the main focus is on Reshaping the application of accrual accounting principles and assumptions to fit the context of public sector entities; Developing a practice-relevant holistic accounting approach for governmental capital assets, which has been based on developing and reshaping the assets recognition criteria; Scope of general purpose financial reporting from an accountability perspective; Suggesting a sustainable accounting approach for reporting on the long-term fiscal sustainability; Developing a dynamic model for making public sector accrual accounting a more user practice relevant; and finally, Developing a theory of accounting information usefulness, which explains how cognitive aspects do influence the use/non-use of accounting information by the politicians. Fundamentally, the book has tackled these necessary developments and adjustments from both the producer’s and the user’s perspectives.

Author : Hassan Ouda
Publisher : Unknown
Page : 0 pages
File Size : 48,5 Mb
Release : 2021
Category : Electronic
ISBN : 3030515966

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Practice-Relevant Accrual Accounting for the Public Sector by Hassan Ouda Pdf

This book addresses the necessary developments and adjustments that can be regarded as a promising starting point for making accrual accounting more practice-relevant for the public sector entities. Specifically, the main focus is on reshaping the application of accrual accounting principles and assumptions to fit the context of public sector entities; developing a practice-relevant holistic accounting approach for governmental capital assets, which has been based on developing and reshaping the assets recognition criteria; scope of general purpose financial reporting from an accountability perspective; suggesting a sustainable accounting approach for reporting on the long-term fiscal sustainability; developing a dynamic model for making public sector accrual accounting a more user practice relevant; and finally, developing a theory of accounting information usefulness, which explains how cognitive aspects do influence the use/non-use of accounting information by the politicians. Fundamentally, this book has tackled these necessary developments and adjustments from both the producer's and the user's perspectives. Hassan Ouda is Professor of Accounting at Faculty of Management Technology, German University in Cairo (GUC), Egypt. His research interests include public sector accounting and budgeting reform, particularly in relation to implementation of accrual accounting and budgeting, performance-based budgeting, and performance audit in public sector.

Author : Hassan Ouda
Publisher : Unknown
Page : 338 pages
File Size : 49,7 Mb
Release : 2021
Category : Accounting
ISBN : OCLC:1309023454

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Practice-Relevant Accrual Accounting for the Public Sector by Hassan Ouda Pdf

This book addresses the necessary developments and adjustments that can be regarded as a promising starting point for making accrual accounting more practice-relevant for the public sector entities. Specifically, the main focus is on reshaping the application of accrual accounting principles and assumptions to fit the context of public sector entities; developing a practice-relevant holistic accounting approach for governmental capital assets, which has been based on developing and reshaping the assets recognition criteria; scope of general purpose financial reporting from an accountability perspective; suggesting a sustainable accounting approach for reporting on the long-term fiscal sustainability; developing a dynamic model for making public sector accrual accounting a more user practice relevant; and finally, developing a theory of accounting information usefulness, which explains how cognitive aspects do influence the use/non-use of accounting information by the politicians. Fundamentally, this book has tackled these necessary developments and adjustments from both the producer’s and the user’s perspectives. Hassan Ouda is Professor of Accounting at Faculty of Management Technology, German University in Cairo (GUC), Egypt. His research interests include public sector accounting and budgeting reform, particularly in relation to implementation of accrual accounting and budgeting, performance-based budgeting, and performance audit in public sector.

Author : Ms.Suzanne Flynn,Delphine Moretti,Joe Cavanagh
Publisher : International Monetary Fund
Page : 59 pages
File Size : 46,5 Mb
Release : 2016-09-15
Category : Business & Economics
ISBN : 9781513589466

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Implementing Accrual Accounting in the Public Sector by Ms.Suzanne Flynn,Delphine Moretti,Joe Cavanagh Pdf

This technical note and manual (TNM) explains what accrual accounting means for the public sector and discusses current trends in moving from cash to accrual accounting. It outlines factors governments should consider in preparing for the move and sequencing of the transition. The note recognizes that governments considering accounting reforms will have different starting points across the public sector, different objectives, and varying coverage of the existing financial statements, it therefore recommends that governments consider each of these, and the materiality of stocks, flows and entities outside of government accounts when planning reforms and design the sequencing and stages involved accordingly. Building on international experiences, the note proposes four possible phases for progressively increasing the financial operations reported in the balance sheet and operating statement, with the ultimate aim of including all institutional units under the effective control of government in fiscal reports.

Author : Tjerk Budding,Giuseppe Grossi,Torbjörn Tagesson
Publisher : Routledge
Page : 194 pages
File Size : 45,5 Mb
Release : 2014-08-13
Category : Business & Economics
ISBN : 9781317906711

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Public Sector Accounting by Tjerk Budding,Giuseppe Grossi,Torbjörn Tagesson Pdf

As change sweeps across the public sector, a huge range of accounting and financial management challenges are created. This textbook analyses the reforms that are being introduced to deal with these challenges and their global impact on the public sector. Readers are provided with an international overview of government accounting, reporting, management control, cost accounting, budgeting and auditing. In explaining how innovative financial management tools are utilized in the public sector, the authors address a number of emerging issues: Harmonization trends in public financial management and International Public Sector Accounting Standards (IPSASs) Financial reporting and consolidated financial statements in the public sector Public sector management accounting and control methods Financial and performance auditing in the public sector This concise and accessible textbook will be core reading for public sector accounting and financial management students and will also be required reading for students of public management and administration more generally. Managers, accountants, consultants and auditors working in the public sector will also find the book a useful reference.

Author : Rowan Jones,Maurice Pendlebury
Publisher : Pearson Higher Ed
Page : 162 pages
File Size : 52,6 Mb
Release : 2010-10-05
Category : Business & Economics
ISBN : 9780273720409

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Public Sector Accounting by Rowan Jones,Maurice Pendlebury Pdf

Public Sector Accounting uses an integrated approach to the study of public sector accounting by linking accounting theory and practice for each of the main areas of financial accounting, management accounting and auditing. Examples from a range of Public Sector experiences are woven into the text to illustrate the issues involved. The introduction of the book reflects managerial developments in the public sector, by giving a brief history of these in the UK and internationally then commenting on the adoption of quality assurance in the public sector. The management accounting section discusses developments in the use of internal markets and compulsory competition and the more recent emphasis on public-private partnership and performance indicators and also explains the techniques of programme and zero-based budgeting and investment appraisal. The financial accounting section updates and internationalises the discussion of financial accounting theory and regulation. The final section of the book is on auditing has been updated with UK and international developments.

Author : Gary Bandy
Publisher : Taylor & Francis
Page : 273 pages
File Size : 51,6 Mb
Release : 2023-03-14
Category : Business & Economics
ISBN : 9781000843675

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Financial Management and Accounting in the Public Sector by Gary Bandy Pdf

The importance of public financial management for the health and wellbeing of citizens became dramatically apparent as governments sought to respond to the coronavirus pandemic in 2020. Now, governments and other public sector organizations face the challenge of recovering from the pandemic whilst also seeking to achieve Sustainable Development Goals, with squeezed budgets and ever-increasing demands for public services. Public sector managers are confronted daily with targets and demands that are often set in confusing accounting and financial language. In Financial Management and Accounting in the Public Sector, Gary Bandy employs a clear and concise narrative to introduce the core concepts of public financial management to help those managers to deliver programmes, projects and services that are value for money. As the author puts it, managing public money is an art, not a science. This third edition has been revised and updated throughout, offering: a structure that is more clearly linked to the stages of the public financial management cycle greater coverage of transparency and accountability issues a broader view of public procurement to include goods, works and services and effective contract management; and an increased focus on public spending in the context of a post-COVID environment. With a glossary of terms to help managers understand and be understood by accountants, as well as learning objectives, discussion questions and exercises, this practical textbook will help students of public management and administration to understand the financial and accounting aspects of managing public services.

Author : Robyn Pilcher,David Gilchrist
Publisher : Routledge
Page : 164 pages
File Size : 54,6 Mb
Release : 2018-07-17
Category : Business & Economics
ISBN : 9781351349178

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Public Sector Accounting, Accountability and Governance by Robyn Pilcher,David Gilchrist Pdf

Funded by taxation, public spending cannot be separated from politics and ensuring efficiency and effectiveness is always high on the political and policy agenda. Accounting, accountability, governance and auditing are essential ingredients in evaluating public sector performance. Australia and New Zealand are world leaders when it comes to public sector accounting—such as being the first to introduce transaction-neutral accounting standards. This edited collection considers current issues impacting the public sector by primarily drawing upon experiences of Australia and New Zealand. Then, by combining history (from the time of the Domesday book, early sovereignty and Shakespeare) with current practice (differential reporting, international financial reporting standards, government performance, voter turnout, joined-up government and auditing practices), we use these experiences to illuminate the global issues of public sector accounting, accountability and governance. Based on rigorous research by top public sector researchers, this edited collection offers a multitude of future research ideas to enable those interested in following this pathway—whether they are in Australia, New Zealand, the United Kingdom, Europe, the United States of America, Africa or anywhere else in the world—an avenue to traverse.

Author : Josette Caruana,Marco Bisogno,Mariafrancesca Sicilia
Publisher : Emerald Group Publishing
Page : 275 pages
File Size : 47,5 Mb
Release : 2023-03-20
Category : Business & Economics
ISBN : 9781801171618

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Measurement in Public Sector Financial Reporting by Josette Caruana,Marco Bisogno,Mariafrancesca Sicilia Pdf

Measurement in Public Sector Financial Reporting presents a constructive and thoughtful analysis of possible valuation methodologies for the public sector context and related peculiarities and critical issues.

Author : Caroline Aggestam-Pontoppidan,Isabelle Andernack
Publisher : John Wiley & Sons
Page : 464 pages
File Size : 48,5 Mb
Release : 2015-11-30
Category : Business & Economics
ISBN : 9781119010302

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Interpretation and Application of IPSAS by Caroline Aggestam-Pontoppidan,Isabelle Andernack Pdf

Clear, practical IPSAS guidance, explanation, and examples Interpretation and Application of IPSAS providespractical guidance on the implementation and application of theInternational Public Sector Accounting Standards. This book bringsreaders up to date on the standards, and describes their properinterpretation and real-world application. Examples and mini-casestudies clarify the standards' roles throughout, giving readers abetter understanding of complex processes, especially where theIPSAS deviate from IFRS. Readers also gain insight into smoothlynavigating the transition for a public sector entity, which ismoving to either IPSAS under accrual basis of accounting or to cashaccounting IPSAS, plus an overview of IPSAS adoption status andmethods around the world. Global public sector accounting is highly diversified, resultingin ongoing moves to harmonise standards worldwide. The IPSAS areinternational standards that largely follow the IFRS model, butdiffer in some key areas and include standards in places where IFRShas none. This book provides complete guidance to IPSAS, with clearexplanation and expert insight. Understand the meaning and role of each standard Apply the standards to real-world scenarios Manage the process of transition to IPSAS These standards are meant to be followed by all public sectorentities, including national and regional governments and localauthorities. They've been adopted by the UN, NATO, the EuropeanCommission, and others, and either have been or soon will beadopted in Malaysia, Switzerland, Spain, and more.

Author : Thomas Müller-Marqués Berger
Publisher : John Wiley & Sons
Page : 176 pages
File Size : 51,6 Mb
Release : 2012-05-18
Category : Business & Economics
ISBN : 9781118400135

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IPSAS Explained by Thomas Müller-Marqués Berger Pdf

Global diversity in the practice of public sector accounting continues to impede the reduction of bureaucracy and the creation of comparable standards in terms of accountability and transparency. The International Public Sector Accounting Standards Board (IPSASB) continues to engage in the ongoing process of harmonizing public sector accounting with their International Public Sector Accounting Standards (IPSASs). IPSAS Explained: A Summary of International Public Sector Accounting Standards, Second Edition provides up to date information on the Conceptual Framework Project and other projects related to IPSASs, along with details of all the current IPSASs, including newly approved standards of the Board, especially those relating to financial instruments, intangible assets and service concession arrangements from a grantor perspective. Each IPSAS is distilled into a useful and accessible summary, and illustrated with graphs, figures and tables. Beyond that the book focuses on the current sovereign debt crisis and discusses possible implications for public sector financial management. Through an examination of the objectives of the standards and an overview of the principles relevant to key topics such as the accrual basis of accounting as against cash basis, fair value, present value, cost, and measurement bases, IPSAS Explained provides decision-makers in the public sector with a thorough grounding on the IPSASs and the operations of the IPSASB.

Author : Ernst Buschor,Kuno Schedler
Publisher : Unknown
Page : 496 pages
File Size : 51,9 Mb
Release : 1994
Category : Accounting
ISBN : UIUC:30112085909932

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Perspectives on Performance Measurement and Public Sector Accounting by Ernst Buschor,Kuno Schedler Pdf

Author : OECD
Publisher : OECD Publishing
Page : 356 pages
File Size : 53,8 Mb
Release : 2002-11-26
Category : Electronic
ISBN : 9789264177482

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Models of Public Budgeting and Accounting Reform Volume 2 Supplement 1 by OECD Pdf

This book provides a comparative look at financial management systems from a family of systems point of view.

Author : Sarath Lakshman Athukorala,Barry Reid
Publisher : Unknown
Page : 0 pages
File Size : 50,7 Mb
Release : 2003
Category : Accounting
ISBN : 9715614884

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Accrual Budgeting and Accounting in Government and Its Relevance for Developing Member Countries by Sarath Lakshman Athukorala,Barry Reid Pdf

This report offers insights into the controversial practice of accrual budgeting, a budgetary practice common in developed nations, but which has only recently begun to be utilized in developing nations. In the absence of practical guidelines and reference materials for this relatively new procedure, this work draws on lessons learned by the Asian Development Bank in working with countries to improve their financial management and suggests a measured approach to gradually improving governmental accounting arrangements. By doing so, nations are encouraged to chart a step-by-step course from a cash accounting standard to eventual adoption of accrual accounting practices.

Author : Kathie Cooper,Warwick Funnell,Janet Lee
Publisher : UNSW Press
Page : 417 pages
File Size : 53,9 Mb
Release : 2012
Category : Business & Economics
ISBN : 9781742245881

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Public Sector Accounting and Accountability in Australia by Kathie Cooper,Warwick Funnell,Janet Lee Pdf

The second edition of Public Sector Accounting and Accountability in Australia is a comprehensive resource on public sector accountability for those who work in the public service, elected representatives and students of the public sector. It's a wide-ranging, up-to-date resource on the practices and institutional arrangements of public sector accountability and the principles that drive public sector reforms in Australia. Like the first edition, it is the authority on Australian public sector accounting and accountability. The book examines current practices and principles of accountability, the reasons behind them and the objectives of the recent reforms, which have transformed the Australian public sector. It considers the historical and constitutional context in which these practices developed, both in Britain and Australia.