Governmental Accounting Maturity Toward IPSASs and the Approximation to National Accounts in the European Union. Issue 12 (14th October 2016)

• Record Type: Journal Article
• Authors: Jorge, Susana Margarida; Jesus, Maria Antónia; Laureano, Raul M. S.
• Is Part Of: International journal of public administration. Volume 39:Issue 12(2016)
• Page Start: 976
• Page End: 988
• Publication Date: 2016-10-14
• Subjects: Adjustments -- central government -- deficit/surplus -- governmental accounting -- national accounts; Public administration -- Periodicals; 351.05
• DOI: 10.1080/01900692.2015.1068324
• Languages: English
• ISSNs: 0190-0692

Abstract

ABSTRACT: International Public Sector Accounting Standards (IPSASs) are a good reference for a harmonized microaccounting system allowing more transparency and quality in public sector accounting across EU member-States. However, questions remain concerning IPSASs contribution to the convergence between Governmental Accounting (GA) and the National Accounts (NA). This article assess how the proximity to an IPSAS-based accounting system in GA has impact on the diversity and materiality of GA-NA budgetary deficit/surplus adjustments, hence analyzing whether IPSASs might contribute to GA-NA reconciliation. Main findings show that IPSASs do not make considerable difference in terms of GA-NA adjustments, so IPSASs-based EPSASs will hardly contribute to approaching GA-NA.