search query: @freeterm discussions / total: 5
reference: 4 / 5
| Author: | Oulasvirta, L. |
| Title: | How should pension benefit liabilities and social policy cash transfer liabilities be presented in the government financial statements: Current presentation mode or the mode of international IPSAS standards? |
| Journal: | Liiketaloudellinen aikakauskirja
2008 : 2, p. 223-237 |
| Index terms: | public finance government accounting liabilities financial statements reporting social policy employees pensions standards |
| Freeterms: | accrual accounting discussions |
| Language: | eng |
| Abstract: | Employee pension benefits and social policy cash transfers to households and other recipients are financially a remarkable part of the central government (hereafter as: gov.) budget and gov. expenditures. In this article, described and discussed is the present gov. financial (here as: fin.) reporting (as: rep-g). It is compared to the international standards (as: stds.) (as IPSAS stds. created by IFAC special board) especially regarding the liabilities (as: lbls). It is concluded that the IPSAS stds.' way of handling lbls. is not as such optimal for gov. fin. statement rep-g. but that the stds. offer some basis for developing gov. rep-g. of long-term liabilities. |
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