Accounting for social benefits
The search for a past event
Bibliographic Data
| ID | 9971280 |
|---|---|
| Authors | Paul Mason (0000-0002-3685-1507, International Public Sector Accounting Standards Board (IPSASB) Toronto Canada, corresponding author) |
| Year | 2018 |
| Volume | 71 |
| Issue | 3 |
| Pages | 73-80 |
| Publication date | 2018-07-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Social Security Review (JOURNAL) |
| Journal identifiers | ISSN: 0020-871X • E-ISSN: 1468-246X |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/issr.12180 |
| OpenAlex | W2897694284 |
| Language | EN |
| Citations received | 2 |
| References cited | 1 |
The article explains the role of the International Public Sector Accounting Standards Board (IPSASB) in setting accounting standards for the public sector, and the due process that is followed in setting those standards. The article explains the scope of the IPSASB's current project on social benefits, and how this compares to the scope of social benefits in Government Finance Statistics (GFS)/System of National Accounts (SNA) as well as the IPSASB's previous social benefits projects. The scope is wider than pensions, and wider than social security as social assistance is also included. The accounting principles that underpin the IPSASB's current project are discussed and include the IPSASB's definition of a liability, and the key role that a “past event” plays in that definition. This is contrasted with some of the actuarial approaches. The article then describes the potential past events that the IPSASB has considered to date in the project, and what impact liabilities from these past events would have on the financial statements. This comparison makes reference to pensions, where the financial impact of different past events will be greatest. The article sets out the IPSASB's proposals in its recent Exposure Draft ED 63, Social Benefits, and also discusses alternative views on recognition and measurement. The article concludes by discussing the IPSASB's current guidance in RPG 1, Reporting on the Long‐Term Sustainability of an Entity's Finances, and notes that the IPSASB is seeking views on whether it should undertake further work in this area
Accounting information system · Business · Economics · Event (particle physics · Government (linguistics · Liability · Political science · Public relations · Public sector · Scope (computer science · Social accounting · Social security · Sustainability · Work (physics · Accounting · Engineering · Fiscal Policies and Political Economy · Fiscal Policy and Economic Growth
| Citations per year | 0.25 |
|---|---|
| Citation span | 2018 - 2021 (4) |
| Highly cited | No |