Latest Developments in Local Government Accounting in Spain

Vela, José Manuel

doi:10.1111/j.1468-0408.1996.tb00188.x

Cited by 15 publications

(4 citation statements)

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“…This research is focused on the local government context because the debate about fair value implementation could be enriched by greater attention to institutional detail, including the level and scope of governmental use of this measurement basis, the structure of governance and the relationship between government, citizens and society at large. Indeed, the local government context has been a fundamental focus of many public sector reforms (Vela, 1996;Christiaens, 1999;Mussari, 1999;Ter Bogt and Van Helden, 2000;Pallot, 2001;Smith, 2004). Therefore, this article investigates the perception of the main user information groups of government financial statements about the implementation of FVA as part of the NPM approach.…”

Section: Sample Selectionmentioning

confidence: 99%

Could fair value accounting be useful, under NPM models, for users of financial information?

Bolívar

Galera

2007

International Review of Administrative Sciences

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International Public Sector Accounting Standards (IPSAS) are an essential quality-control factor for Public Sector Accounting Systems in European Union member states. The compliance of the latter systems with IPSAS could be influenced to a large degree by perceptions of how useful these standards are in enabling the needs of financial information users to be met. Therefore, the aim of this article is to investigate the capability of fair value accounting to improve the usefulness of governmental financial information so that administrative reforms may be undertaken with the implementation of New Public Management (NPM) postulates. The theoretical section of the article studies the relevance of fair value accounting with respect to meeting the information requirements for implementing NPM models. This is followed by the results of empirical research carried out to determine the opinions of one of the main groups of information users concerning the practicality of fair value accounting and its association with the solvency and feasibility of fair value measures. To achieve this aim, we applied the χ2 test and the ρ Spearman test and obtained findings about the capability of fair value accounting to meet the new information requirements under NPM models more effectively than under historical cost accounting.

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Section: Sample Selectionmentioning

confidence: 99%

Could fair value accounting be useful, under NPM models, for users of financial information?

Bolívar

Galera

2007

International Review of Administrative Sciences

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“…In the case of governmental accounting, the Chart of Accounts is a general framework that has to be followed by central, regional and local authorities. While the authority in setting accounting standards is held by the IGAE for central and local governments, regional governments are autonomous for that purpose, as shown in Figure 2 (Vela, 1996a;and Brusca, 1997).…”

Section: Figurementioning

confidence: 99%

“…The accounting model was first implemented at central government level and then extended to the lower levels of government. This is why the municipal accounting system is very similar to the model of central government (Vela, 1996a), even if the new 1994 chart of accounts is not yet applied at local level.…”

Section: Stages In the Recent Evolution Of The Setting Of Accounting mentioning

confidence: 99%

Governmental Accounting in Spain and the European Monetary Union: A Critical Perspective

Montesinos

Vela

2000

Financ Acc Manag

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During the last twenty‐five years, the changes in Spanish accounting have been radical and significant, especially since 1986 when Spain joined the European Union. Those changes were first introduced in business accounting, following the patterns of the Fourth Directive, but governmental accounting has also been affected by structural reforms that have modified the financial reporting system, the accounting standards and the accounting principles to be applied. However, the governmental accounting system needs further improvement, particularly given the EMU framework and the relationship between governmental accounting and national accounting.

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“…While this focus is understandable in view of the extent of change to many local government accounting practices, it is not likely to enhance conceptualisation of local government accounting issues. This contrasts with government accounting research at national and state levels, where the focus has been on conceptual government accounting issues (Chan, 2003;Christiaens and Rommel, 2008;Guthrie, 1998;Ridder et al, 2005;Vela, 1996) and the use by governments of accounting as a means of control (Carmona et al, 1997;Robson, 2003;Uddin and Hopper, 2001).…”

Section: Introductionmentioning

confidence: 99%

After the quake: The complex dance of local government, national government and accounting

Miley

Read

2013

Accounting History

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This research considers accounting for post-earthquake recovery in New Zealand. New Zealand’s most devastating earthquakes are considered to be the Murchison earthquake of 1929, the Napier/Hawke’s Bay earthquake of 1931 and the Christchurch earthquakes of 2010–11. At the time of the Murchison and Napier earthquakes, government accounting information was an ex post record of expenditure. Contemporary government accounting in New Zealand is accrual based and comprehensive, and so accounting information has played a more prominent role in the management of Christchurch’s earthquake recovery. Apart from evidencing the significant change to government accounting, an historical comparison of accounting in the context of the Murchison and Napier earthquakes vis-à-vis the Christchurch earthquakes indicates the extent of change in the interplay between national and local government in New Zealand. The relationship between national and local government, though legally unchanged, has become more complex, but the financial reports do not reveal this complexity. Through historical analysis the extent of this change is made visible.

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Latest Developments in Local Government Accounting in Spain

Cited by 15 publications

References 1 publication

Could fair value accounting be useful, under NPM models, for users of financial information?

Could fair value accounting be useful, under NPM models, for users of financial information?

Governmental Accounting in Spain and the European Monetary Union: A Critical Perspective

After the quake: The complex dance of local government, national government and accounting

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