Developments in financial information by local entities in europe

Bibliographic Data

ID20201545
AuthorsIsabel Brusca (0000-0002-2897-1744, Universidad de Zaragoza), Vicente Montesinos
Year2010
Volume22
Issue3
Pages299-324
Publication date2010-03-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueJournal of Public Budgeting Accounting & Financial Management (JOURNAL)
Journal identifiersISSN: 1096-3367 • E-ISSN: 1945-1814
PublisherEmerald (PUBLISHER)
DOI10.1108/jpbafm-22-03-2010-b001
OpenAlexW2775719988
LanguageEN
Citations received2
References cited14

In recent years, most Organisation for Economic and Cooperation Development (OECD) countries have brought in important reforms into their public accounting systems with the objective of both improving public service management and increasing the transparency and accountability of governments. Reforms of government accounting share a common direction towards the implementation of accrual-based accounting systems. In this context, this paper presents the situation of local government accounting systems in European countries with the aim of showing the degree of uniformity/ heterogeneity that currently exists among the countries considered and why differences persist nowadays, trying to classify countries into groups according to accounting practice. Results show that three groups of countries can be identified: the first continues using the cash basis; in the second, an accrual or modified accrual basis is used for financial accounting but the cash basis still persists in the budgetary system; in the third, an accrual or modified accrual basis is used both in budget and in financial accounting

Accountability · Accounting information system · Accounting management · Accounting standard · Accrual · Business · Economics · Financial accounting · Management accounting · Political science · Auditing, Earnings Management, Governance · Fiscal Policies and Political Economy · Local Government Finance and Decentralization · Accounting

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