From Cash to Accruals in 25 Years

Perrin, John

doi:10.1111/1467-9302.00108

Cited by 34 publications

(20 citation statements)

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“…When analysing the drivers of accrual accounting implementation in the public sector in a global context, empirical evidence advocates that it could provide a more accurate measurement and communication of public sector entities’ financial position (Chan, 2003; and Guthrie, 1998) and performance (Goldman and Brashares, 1991; Hodges and Mellet, 2003; and Hoque and Moll, 2001), improve accountability (Gillibrand and Hilton, 1998; Perrin, 1998; and Ryan, 1998) and transparency (van der Hoek, 2005; and Yamamoto, 1999) and encourage ongoing monitoring of assets (Hodges and Mellet, 2003; and Pallot, 2001). Also, the use of accrual accounting helps the promotion of the notion of best practice (Brorström, 1998) and addresses the need for comparisons among agencies or with private sector organizations (Pallot, 1997; and Yamamoto, 1999).…”

Section: Literature Reviewmentioning

confidence: 99%

Identifying the Moderator Factors of Financial Performance in Greek Municipalities

Cohen

2008

Financ Acc Manag

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The use of financial ratios is a widespread method for assessing the financial performance of private sector companies. However, the application of an analogous exercise in the public sector is a less straightforward one. In the later case it is a multifaceted task that involves judgments about the interplay of complex social, organizational and financial factors. In this paper we use accrual end of the year financial statements data of Greek Municipalities for the period 2002–2004 to compute nine commonly used performance assessment financial ratios. We find corroborative evidence that factors, which are exogenous to the municipalities’ control, such as their wealth and size, have statistically significant impact on ratio values. Thus, as financial ratios are significantly influenced by socio‐economic factors like municipal wealth and size, cross sectional comparisons on the basis of these ratios should be made with caution and performed for municipalities that exhibit similarities in terms of size and wealth.

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Section: Literature Reviewmentioning

confidence: 99%

Identifying the Moderator Factors of Financial Performance in Greek Municipalities

Cohen

2008

Financ Acc Manag

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“…Several researches have reported the existence of this type of problem, such as difficulties in relation to the recognition and valuation of public sector assets, the calculation of depreciation, and the treatment of provisions for liabilities in the context of municipalities (Christiaens, 2001; and Hepworth, 2003). This type of vagueness may also invite creativity regarding capital asset valuation, depreciation and other write‐offs (Perrin, 1998).…”

Section: Literature Reviewmentioning

confidence: 99%

Assessing It as a Key Success Factor for Accrual Accounting Implementation in Greek Municipalities

2007

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“…Many studies have analysed the advantages of applying accrual accounting in the public sector (Parker and Guthrie, 1990; Pallot, 1994; Mellett, 1997; Brorström, 1998; Perrin, 1998; Chan, 2003; IFAC‐PSC, 2003; FEE, 2007). According to this widespread literature, with particular reference to government organizations, a lot of key positive aspects have been highlighted, such as: the cost measurement of supplied services and political programs; the monitoring of assets; a more accurate measurement and communication of public sector entities' financial position and performance; and the possibility of drawing up a consolidated financial statement.…”

Section: Innovation In Government Accounting and Consolidated Financimentioning

confidence: 99%

European Commission Adoption of IPSAS to Reform Financial Reporting

Grossi

Soverchia

2011

Abacus

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The article offers an overview of the modernization of the European Commission (EC) accounting system. It represents an integral part of an overall rationalization of the EC organizational, administrative and financial dimensions which has been carried out over the last decade. The reformed accounting system is a dual one: it is based both on cash accounting, to manage budget appropriations, and on accrual accounting, to draw up the financial statements.Seventeen accounting rules, which draw upon International Public Sector Accounting Standards (IPSAS) and are based on accrual accounting, were issued by the EC and are the foundation of this reformed system. Drawing on semi-structured interviews with Commission officials, this article tracks the key turning points, trajectories and outcomes of events within the implementation stage of this part of the EC accounting reform with a focus on the consolidation of annual accounts. The compilation of the consolidated financial statement (CFS) has become more complex. The original European Union (EU) organizational structure (Parliament, Council, Commission, Court of Justice and Court of Auditors) has broadened with the addition of agencies that were created during the early 1990s. Since 2005, these agencies have been included in the CFS of the EU, compiled according to IPSASs 6, 7 and 8.This article examines how the EU consolidation process has evolved over time and the drivers behind the reformed accounting systems and in particular the new consolidation approach, which is a result of the combination of the Continental and Anglo-Saxon governmental accounting approaches.

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From Cash to Accruals in 25 Years

Cited by 34 publications

References 0 publications

Identifying the Moderator Factors of Financial Performance in Greek Municipalities

Identifying the Moderator Factors of Financial Performance in Greek Municipalities

Assessing It as a Key Success Factor for Accrual Accounting Implementation in Greek Municipalities

European Commission Adoption of IPSAS to Reform Financial Reporting

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