Public Administrators’ Understanding of External Financial Reporting: It Begins with Curriculum

Waymire, Tammy R.; Sohl, Shannon N.; Howard, Brandy

doi:10.1080/15236803.2015.12001833

Cited by 12 publications

(6 citation statements)

References 17 publications

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“…Unlike bond rating analysts who can request to receive interim reports, citizens and the media may have access only to year-end external financial reports. Large reporting lags can stale the information contained in the reports by the time it is available(Waymire et al, 2015).…”

mentioning

confidence: 99%

Does Fiscal Monitoring Make Better Governments? Evidence from US Municipalities

Nakhmurina

2020

SSRN Journal

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mentioning

confidence: 99%

Does Fiscal Monitoring Make Better Governments? Evidence from US Municipalities

Nakhmurina

2020

SSRN Journal

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“…The annual percent change in net position is the year to year increase or decrease in this quantity normalized by the annual net position. It reflects changes in available cash due to income and expenditures as well as depreciation in assets and fluctuations in investment value [ Waymire et al ., ]. Thus, it correctly accounts for capital improvements as an investment and deferred maintenance as a liability, making it an appropriate measure for utility financial health.…”

Section: Narrative Methodology and Data Collectionmentioning

confidence: 99%

A narrative method for analyzing transitions in urban water management: The case of the Miami‐Dade Water and Sewer Department

Treuer

Koebele

Deslatte

et al. 2017

Water Resources Research

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Although the water management sector is often characterized as resistant to risk and change, urban areas across the United States are increasingly interested in creating opportunities to transition toward more sustainable water management practices. These transitions are complex and difficult to predict – the product of water managers acting in response to numerous biophysical, regulatory, political, and financial factors within institutional constraints. Gaining a better understanding of how these transitions occur is crucial for continuing to improve water management. This paper presents a replicable methodology for analyzing how urban water utilities transition toward sustainability. The method combines standardized quantitative measures of variables that influence transitions with contextual qualitative information about a utility's unique decision making context to produce structured, data‐driven narratives. Data‐narratives document the broader context, the utility's pretransition history, key events during an accelerated period of change, and the consequences of transition. Eventually, these narratives should be compared across cases to develop empirically‐testable hypotheses about the drivers of and barriers to utility‐level urban water management transition. The methodology is illustrated through the case of the Miami‐Dade Water and Sewer Department (WASD) in Miami‐Dade County, Florida, and its transition toward more sustainable water management in the 2000s, during which per capita water use declined, conservation measures were enacted, water rates increased, and climate adaptive planning became the new norm.

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“…It helps to improve the performance of the public entities while protecting peoples' trust (OAG-Wellington, 2016). The success of the government policy directives depends on the public trust (Hetherington, 2006), and the trust depends on the sufficiency of the financial information available for their concerns (Welch, et al, 2005;Waymire, et al, 2014). The direct application of financial reporting is to make economic decisions which are based on the information provided by the financial statements (FASB, 1999; IASB, 2008; Mande, 2015).…”

Section: Literature Review 021mentioning

confidence: 99%

“…Stakeholders are able to use financial reports to evaluate the performance of the decisions taken by the officials. Government policy directives are depending on the public trust (Hetherington, 2006), which safeguards the sufficiency of the financial information available for their concerns (Welch, et al 2005;Waymire et al 2014). The Canadian Institute of Chartered Accountants (2013) pointed out that, public sector required a multidirectional complex nature financial reporting structure because of the complexity of financial information expectations.…”

Section: Introductionmentioning

confidence: 99%

The Influence of Internal Controls on Public Financial Reporting Quality (PFRQ) in Sri Lanka; an Empirical Study

Anuruddha¹,

Mahanamahewa²

2021

afmj

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Public financial reporting is accountable to maintain public trust by protecting the accountability, openness, and transparency of public money which leads to the good governance of the country. There were many criticisms over financial reporting quality by various stakeholders of entities across the countries. There is a growing concern over the quality of PFR which determines the level of performing expectations of financial reporting. Assurance of PFR in Sri Lanka has deteriorated and been questioned by legislative authorities and interested parties because of the quality concerns. Considering the scholarly studies in various countries, the study was carried out in Sri Lanka to investigate the influence of Internal Controls (ICs) over the Public Financial Reporting Quality (PFRQ) with an objective to measure and conclude the determinants. To conclude the impact, the study investigates the influence of five basic dimensions of ICs introduced in previous literature, namely: Control Environment, Risk Assessment, Control Activities, Information & Communication, and Monitoring. Considering the facts of the context of Sri Lanka, the research has investigated the influence of IC on public financial reporting quality in the central government ministries and departments environment in Sri Lanka. The primary data was collected by a questionnaire survey conducted with accountants who are being employed in the central government ministries and departments in Sri Lanka. Data have collected by a structured questionnaire and verified by Cronbach’s alpha test for reliability. A multiple linear regression model was developed and tested to determine the statistical influence of variables of IC over the dependent PFRQ. The findings investigate and conclude the positively significant influence of IC on the PFRQ in the central government ministries and departments in Sri Lanka. Further, it was admitted the significant direct influence of IC attributes of Control Environment, Information and Communication and Monitoring to determine the PFRQ. Based on the facts, the study recommends the public sector in Sri Lanka to ensure the effectiveness of ICs in government institutions to improve and maintain the trust level of PFRQ.

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Public Administrators’ Understanding of External Financial Reporting: It Begins with Curriculum

Cited by 12 publications

References 17 publications

Does Fiscal Monitoring Make Better Governments? Evidence from US Municipalities

Does Fiscal Monitoring Make Better Governments? Evidence from US Municipalities

A narrative method for analyzing transitions in urban water management: The case of the Miami‐Dade Water and Sewer Department

The Influence of Internal Controls on Public Financial Reporting Quality (PFRQ) in Sri Lanka; an Empirical Study

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