Different Perspectives in Public Sector Accounting Harmonisation: IFRS, IPSAS and GFS
Different Perspectives in Public Sector Accounting Harmonisation: IFRS, IPSAS and GFS
Giovanna Dabbicco
In order to compare financial information across companies, organisations, and public sector entities, accounting standards and accounting practices have to be harmonised. For this purpose, first, the International Financial Reporting Standards (IFRS) have been developed for the preparation of general purpose financial statements (GPFS) of profit-oriented entities. Some governments also have based their national public sector accounting standards on IFRS. Furthermore, public sector accounting could be harmonised at the global level by adopting the International Public Sector Accounting Standards (IPSAS). Finally, Government Finance Statistics (GFS) provide a set of macroeconomic statistics on financial operations, financial and liquidity positions, especially of the general government sector, and support fiscal analysis. This chapter describes these different perspectives and refers to challenges associated with accounting harmonisation.
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ISBN: 978-989-26-2463-1
eISBN: 978-989-26-2464-8
DOI: 10.14195/978-989-26-2464-8_5
Área: Public Sector; Accounting; PSA; Fina
Páginas: 151-176
Data: 2023
Palavras-Chaves
Public sector accountingaccounting harmonisationIFRSIPSASGFS
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Outros Capítulos (17)
Foreword
Peter C. Lorson;Ellen Haustein;Susana Jorge
https://doi.org/10.14195/978-989-26-2464-8_0
Introduction
Peter C. Lorson;Ellen Haustein;Susana Jorge
https://doi.org/10.14195/978-989-26-2464-8_0.1
Approaches to public sector accounting and reporting in Europe
Ellen Haustein;Peter C. Lorson
https://doi.org/10.14195/978-989-26-2464-8_1
Specificities of Public Sector Accounting: Insights for governmental accounting from history and theory
Yuri Biondi
https://doi.org/10.14195/978-989-26-2464-8_2
Budgets a nd budgetary accounting
Lasse Oulasvirta
https://doi.org/10.14195/978-989-26-2464-8_3
Theoretical approaches to financial accounting purposes and principles
Lasse Oulasvirta
https://doi.org/10.14195/978-989-26-2464-8_4
Different Perspectives in Public Sector Accounting Harmonisation: IFRS, IPSAS and GFS
Giovanna Dabbicco
https://doi.org/10.14195/978-989-26-2464-8_5
IPSAS: History, spread and use
Caroline A. Pontoppidan
https://doi.org/10.14195/978-989-26-2464-8_6
The IPSASB’s conceptual framework and views on selected national frameworks
Susana Jorge;Josette Caruana
https://doi.org/10.14195/978-989-26-2464-8_7
Reporting components and reliability issues
Susana Jorge;Josette Caruana
https://doi.org/10.14195/978-989-26-2464-8_8
Overview of IPSAS on public sector specific topics
Ellen Haustein;Peter C. Lorson;Christophe Vanhee;Johan Christiaens
https://doi.org/10.14195/978-989-26-2464-8_9
IPSAS: case study
Ellen Haustein;Peter C. Lorson;Christophe Vanhee;Johan Christiaens
https://doi.org/10.14195/978-989-26-2464-8_10
Consolidated financial statements
Ellen Haustein;Peter C. Lorson;Eugenio Anessi-Pessina
https://doi.org/10.14195/978-989-26-2464-8_11
Consolidation methods
Ellen Haustein;Peter C. Lorson;Eugenio Anessi-Pessina
https://doi.org/10.14195/978-989-26-2464-8_12
The accounting harmonization challenge in the European Union and the EPSAS
Sandra Cohen;Isabel Brusca;Francesca Manes-Rossi
https://doi.org/10.14195/978-989-26-2464-8_13
Alternative reporting and non-financial accounting formats
Francesca Manes-Rossi;Isabel Brusca;Sandra Cohen;Peter C. Lorson
https://doi.org/10.14195/978-989-26-2464-8_14
Conclusion
Peter C. Lorson;Ellen Haustein;Susana Jorge
https://doi.org/10.14195/978-989-26-2464-8_15