search query: @indexterm ASSET VALUATION / total: 357
reference: 105 / 357
| Author: | Lally, M. T. Smith, G. S. |
| Title: | Captal charging and asset revaluations: New choices in governmental financial raporting? |
| Journal: | International Journal of Accounting
1997 : VOL. 32:1, p. 45-62 |
| Index terms: | CAPITAL ASSET VALUATION GOVERNMENT PERFORMANCE APPRAISAL |
| Language: | eng |
| Abstract: | New age management techniques view government with a different perspective and as a result reported financial information needs to efficiently support managers in their new role. These accounting practices allow government managers to include depreciation and capital charges on revalued assets in the cost of departmental operations. A new definition of costing is used to answer interperiod and intergenerational equity questions, and with this new cost definition, managers can make clearer cost comparisons when they act as purchasers of government services. The new accounting practices allow a manager to determine if departmental capital is being maintained. The implementation of this new managment philosophy causes the professional manager to become important in making resource allocation decisions and accountable for the resulting outcomes. |
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