"\"This paper aims to analyse the principle of accrual accounting when applied to non-business-oriented companies, in-cluding most general government bodies. The analysis is carried out by referring to concepts that are well-established and firmly anchored to the “history” of accounting and which, today, allow us to define the principle of accrual ac-counting for “non-business” activities differently to that applicable to profit-oriented companies. This also gives rise to a different interpretation of the economic result. This work subsequently provides a “fieldwork” analysis of how accrual accounting has been introduced in the Italian public sector through an on-going accounting harmonization project. Fi-nally, this paper offers a critical examination of the current accrual basis recognised by the International Public Sector Accounting Standards (IPSAS), as compared to its theoretical definition. The conclusions of this paper support the the-ory that the IPSAS can contribute to the current harmonization of Italian government accounting, but also reverse.\""

Grandis, F.G., Mattei, G. (2012). Is There a Specific Accrual Basis Standard for the Public Sector? Theoretical Analisys and Harmonization of Italian Government Accounting. OPEN JOURNAL OF ACCOUNTING, 1(2), 27-37 [10.4236/ojacct.2012.120004].

Is There a Specific Accrual Basis Standard for the Public Sector? Theoretical Analisys and Harmonization of Italian Government Accounting

GRANDIS, Fabio Giulio;MATTEI, GIORGIA
2012-01-01

Abstract

"\"This paper aims to analyse the principle of accrual accounting when applied to non-business-oriented companies, in-cluding most general government bodies. The analysis is carried out by referring to concepts that are well-established and firmly anchored to the “history” of accounting and which, today, allow us to define the principle of accrual ac-counting for “non-business” activities differently to that applicable to profit-oriented companies. This also gives rise to a different interpretation of the economic result. This work subsequently provides a “fieldwork” analysis of how accrual accounting has been introduced in the Italian public sector through an on-going accounting harmonization project. Fi-nally, this paper offers a critical examination of the current accrual basis recognised by the International Public Sector Accounting Standards (IPSAS), as compared to its theoretical definition. The conclusions of this paper support the the-ory that the IPSAS can contribute to the current harmonization of Italian government accounting, but also reverse.\""
Grandis, F.G., Mattei, G. (2012). Is There a Specific Accrual Basis Standard for the Public Sector? Theoretical Analisys and Harmonization of Italian Government Accounting. OPEN JOURNAL OF ACCOUNTING, 1(2), 27-37 [10.4236/ojacct.2012.120004].
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11590/278477
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