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| Author: | Pina, V. Torres, L. Yetano, A. |
| Title: | Accrual accounting in EU local governments: one method, several approaches |
| Journal: | European Accounting Review
2009 : DEC, VOL. 18:4, p. 765-807 |
| Index terms: | European Union implementation accounting systems financial reporting bookkeeping |
| Language: | eng |
| Abstract: | The study aims to measure the degree of accrual implementation in EU local government accounting systems and also tries to answer to why accrual accounting has overcome the resistance to other New Public Management reforms in countries relatively suspicious of them. An analysis is carried out through the comparison of accrual accounting legal requirements in force in each country, and the published financial statements, taking the IPSASs of the IFAC as a benchmark. Results reveal different degrees of accrual accounting implementation and legal compliance. The reason of accrual accounting dissemination is partially due to that the dual systems implemented in European Continental countries do not require the introduction of deep organizational changes and answer the democratic demands of citizens for higher responsiveness, transparency and accountability, while traditional budgetary statements are maintained for monitoring compliance with legality and for administrative decision-making purposes. |
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