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Makaronidis, Alexandre. "European Public Sector Accounting Standards (EPSAS)." Accounting, Economics, and Law: A Convivium 7, no. 2 (2017): 155–60. http://dx.doi.org/10.1515/ael-2017-0008.
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Abstract This article represents solely the views of its author. It is based on a transcript of a speech delivered at the international workshop on “Which accounting regulation for Europe’s economy and society?” organised under the auspices of the European Parliament in Strasbourg, on 20 May 2015, in tribute to Mr Jérôme Haas (1963–2014), first chairman of the Accounting Standards Authority of France (ANC).
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Druzhilovskaya, Emilia Sergeevna. "The modern correlation of RAS and IFRS systems of the public and non-public sectors." Buhuchet v zdravoohranenii (Accounting in Healthcare), no. 4 (April 22, 2022): 5–14. http://dx.doi.org/10.33920/med-17-2204-01.
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Currently, the process of reforming the Russian Accounting Standards (RAS) systems for organizations in both the state and nonstate sectors (or organizations in the budget and not budget spheres) is ongoing. At the same time, this process continues to be carried out taking into account the systems of International Financial Reporting and Accounting Standards for organizations of the public and non-public sectors (IFRS, IAS, IPSAS). Therefore, today it is relevant to determine the modern ratio of the RAS and International Standards systems of the state (public) sector, as well as the RAS and International Standards systems of the non-state (non-public) sector. In addition, a comparative analysis of the systems of domestic accounting standards of organizations in the state and non-state sectors makes it possible to identify possible future changes in these systems. Indeed, in general, the accounting methodology for these organizations (including healthcare organizations in these sectors) should be unified. As a result, any innovation in the accounting of one of the above sectors may indicate the feasibility and possibility of making similar adjustments to the accounting of another of these sectors. For similar reasons, it is relevant to determine the current relationship between public and non-public sector International Standards systems. A comparative analysis of all these systems (including for healthcare organizations of the above sectors) is carried out in this article. Grouping method, comparison, analogy method, analysis and synthesis, systematic approach, logical approach were used as research methods. As a result of the research, the article presents proposals for the further development of the RAS and International Standards systems of the state/public and non-state/non-public sectors (including for healthcare organizations).
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Prakash, Dr M. R., Mrs G. Madhuri, and Ms K. Agilandeswari. "A Survey of International Public Sector Accounting Standards." Journal of Corporate Finance Management and Banking System, no. 25 (September 20, 2022): 25–28. http://dx.doi.org/10.55529/jcfmbs.25.25.28.
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Globalization generates a verifiable upheaval and unavoidably impacts the bookkeeping division. Thus, harmonization of national bookkeeping frameworks meets with accomplishment under globalization. Bookkeeping techniques for neighbourhood open parts can't be unaffected and International Public Sector Accounting Standards (from this time forward IPSAS) have been gotten for a worldwide appropriation. This study delineates the huge way of IPSAS, their general qualities and importance of them. Additionally, cash‐basis and accrual‐basis measures will be called attention to. Moreover, this study will allude to some theoretical issues about IPSAS, as a type of question to some of their thoughts and objectives.
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Brusca, Isabel, and Juan Carlos Martínez. "Adopting International Public Sector Accounting Standards: a challenge for modernizing and harmonizing public sector accounting." International Review of Administrative Sciences 82, no. 4 (2016): 724–44. http://dx.doi.org/10.1177/0020852315600232.
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De Silva Lokuwaduge, Chitra Sriyani, and Keshara De Silva. "Determinants of public sector accounting reforms." International Journal of Public Sector Management 33, no. 2/3 (2020): 191–205. http://dx.doi.org/10.1108/ijpsm-03-2019-0085.
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Purpose The purpose of this paper is to extend the New Public Financial Management concept and the contingency model approach to an analysis of the determinants of the accrual-based International Public Sector Accounting Standards (IPSAS) adoption process as a financial management reform in Sri Lanka, a developing country in Asia. Design/methodology/approach Based on the prior literature, this paper develops a framework to highlight the importance of accrual-based reforms in public sector accounting policies to enable better transparency and accountability. It shows the extent to which Sri Lankan public sector institutions have adopted IPSAS-based accounting standards and the limitations of adopting these standards in a developing country, using documentary analysis. Findings In developing countries, the public sector faces practical problems when adopting reforms due to limited institutional capacity, high political involvement and bureaucracy in decision making. This paper concludes that significant policy changes towards the adoption of international accounting standards have gained momentum over the last decade in Sri Lanka while the much larger economies in Asia are still studying this process. However, the prevailing political uncertainty in Sri Lanka has negatively impacted the implementation process. Originality/value Relatively little is known about the diffusion of, and the difficulties in, implementing accrual-based IPSAS in the Asian region. This paper is an attempt to fill this gap by exploring the Sri Lankan experience. This could be applied by other developing countries in Asia, including the high-growth nations, for policy adoption and accounting harmonisation.
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O., Ademola Abimbola, Ben-Caleb E., Madugba Joseph U., Adegboyegun Adekunle E., and Eluyela Damilola F. "International Public Sector Accounting Standards (IPSAS) Adoption and Implementation in Nigerian Public Sector." International Journal of Financial Research 11, no. 1 (2019): 434. http://dx.doi.org/10.5430/ijfr.v11n1p434.
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This study evaluated the relationship between IPSAS adoption and financial reporting quality in South West, Nigeria. Specifically, it analysed the effect of IPSAS adoption on credibility and comparability of financial statements. Additionally; salient factors influencing IPSAS implementation were investigated. Primary data collected from one hundred and eighty accountants in South West Nigeria were analysed using tabulation, graphs, factor analysis, and Goodman and Kruskal’s gamma statistics.The empirical results indicated that IPSAS adoption exerted significant and positive relationships with financial reporting quality, credibility and comparability of financial statements. Decisively, discoveries from this study reflect that implementation cost, staff training, technological factor, IPSAS knowledge and awareness and availability of expertise significantly affect IPSAS implementation. However, findings further revealed that IPSAS implementation is not significantly influenced by institutional commitment, cultural, sociological, legal, political and environmental factors. Based on these findings, the authors recommend that considerable amount of money should be set aside for full adoption and implementation of IPSAS in Nigeria.
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Heald, David. "Challenges for European Public Sector Accounting." Accounting, Economics, and Law: A Convivium 7, no. 2 (2017): 131–35. http://dx.doi.org/10.1515/ael-2017-0021.
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Abstract This article is based upon the transcript of a speech given at the international workshop on “Which accounting regulation for Europe’s economy and society?” held at the European Parliament, Strasbourg, on May 20, 2015, in tribute to Mr Jérôme Haas (1963–2014), first chairman of the Accounting Standards Authority of France (ANC).
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SAKHAPOV, Bulat R. "Adaptation of the Russian accounting system for non-financial assets in accordance with the International Public Sector Accounting Standards: A problem analysis. Part 2." International Accounting 27, no. 5 (2024): 541–63. http://dx.doi.org/10.24891/ia.27.5.541.
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Subject. This article analyzes the areas of concern of accounting for non-financial assets in State-funded (municipal) and autonomous institutions in accordance with the International Public Sector Accounting Standards. Objectives. The article aims to identify and analyze the areas of concern associated with the adaptation of the Russian system of accounting for non-financial assets in accordance with the International Public Sector Accounting Standards based on a comparison of the main provisions of the International Financial Reporting Standards and the Russian Federal Accounting Standards for the public sector. Methods. For the study, I used the methods of comparison, systematization, and data generalization. Results. The article systematizes the main theoretical approaches to the study of issues in the field of adaptation of the Russian system of accounting for non-financial assets in accordance with the International Public Sector Accounting Standards. Relevance. The results of the study and the theories of adaptation of the Russian system of accounting for non-financial assets in accordance with the International Public Sector Accounting Standards can be used for the theoretical study of this issue, as well as in practical activities in State-owned (municipal) publicly-funded and autonomous institutions.
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SAKHAPOV, Bulat R. "Adaptation of the Russian Accounting System for non-financial assets in accordance with the International Public Sector Accounting Standards: A problem analysis. Part 1." International Accounting 27, no. 4 (2024): 444–64. http://dx.doi.org/10.24891/ia.27.4.444.
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Subject. This article analyzes the areas of concern of accounting for non-financial assets in State-funded (municipal) and autonomous institutions in accordance with the International Public Sector Accounting Standards. Objectives. The article aims to identify and analyze the areas of concern associated with the adaptation of the Russian system of accounting for non-financial assets in accordance with the International Public Sector Accounting Standards based on a comparison of the main provisions of the International Financial Reporting Standards and the Russian Federal Accounting Standards for the public sector. Methods. For the study, I used the methods of comparison, systematization, and data generalization. Results. The article systematizes the main theoretical approaches to the study of issues in the field of adaptation of the Russian system of accounting for non-financial assets in accordance with the International Public Sector Accounting Standards. Relevance. The results of the study and the theories of adaptation of the Russian system of accounting for non-financial assets in accordance with the International Public Sector Accounting Standards can be used for the theoretical study of this issue, as well as in practical activities in State-owned (municipal) publicly-funded and autonomous institutions.
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Otavová, Milena. "Harmonisation efforts in the field of accounting of public sector." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 59, no. 4 (2011): 195–202. http://dx.doi.org/10.11118/actaun201159040195.
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Increasing requirements for financial reporting of public sector led to a need to create a system that would provide relevant and reliable information for management of accounting entities of public sector and also to increase the quality of accounting and financial statements of public institutions. The International Public Sector Accounting Standards Board (IPSASB) is therefore creating high-quality financial reporting standards for public sector (IPSAS). Paper points out the ongoing reform of accounting in the field of public finances in the Czech Republic, where there are substantial changes in accounting rules and it also introduces new accounting methods. Regarding the fact that accounting of public sector is nowadays accounting system perhaps with the greatest potential of development, paper highlights the differences in financial reporting in accordance with Czech legislation and IPSAS system. It tries to catch the essential differences that arise from the financial legislation, the accounting basis and also from the content of financial statements. The paper also indicates the difference between Czech Accounting Standards for selected accounting entities that maintain accounts in accordance with Decree No. 410/2009 Coll. and International Public Sector Accounting Standards (IPSAS). There is also recommended approach to the creation of national standards with regard to international harmonization.
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Savina, N., N. Pozniakovska, and O. Miklukha. "CONCEPTUAL FRAMEWORK FOR FINANCIAL REPORTING: INTEGRATED POLICY." Financial and credit activity: problems of theory and practice 1, no. 36 (2021): 76–83. http://dx.doi.org/10.18371/fcaptp.v1i36.227624.
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The project of the International Accounting Standards Board that updates and develops international accounting standards (IASB) has been lasting more than twenty years. In Ukraine, International accounting standards were adopted as the national standards for business and public sectors.
 The article analyzes the Conceptual Framework for Financial Reporting for the business sector entities, compares it with the Conceptual Framework for financial reporting for the public sector entities, and the current requirements of the Ukrainian legislation in the field of accounting and financial reporting. The necessity of creating a single Conceptual Framework for financial reporting, based the needs of information users, is substantiated.
 The relevant International Standards for the business sector entities became fundamental for the development of International Public Sector Accounting Standards. The similar needs of financial reports users support this approach. At the same time, part of the IPSAS, and the Conceptual Framework take into account the functional peculiarities of the entities in this sector of the economy.
 Financial reporting concepts for entities in any sector of the economy determine the aim of financial reporting as that to acquire information concerning the entity. Investors, creditors, other lenders are prior users of financial information in the business sector while society as a whole uses information in the public sector. The Conceptual Framework for the public sector takes into account the peculiarity of this sector of the economy, the main purpose of which is to provide services to society, rather than generating profits and ensuring the return on capital of investors.
 The common features of financial reporting standards and their Conceptual Framework, taking into account current trends and global challenges, indicate the possibility and feasibility of creating a unified (integrated) Conceptual Framework for Financial Reporting.
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Vivian, Bruce, and Warren Maroun. "Progressive public administration and new public management in public sector accountancy." Meditari Accountancy Research 26, no. 1 (2018): 44–69. http://dx.doi.org/10.1108/medar-03-2017-0131.
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Purpose This paper aims to evaluate responses to the International Public Sector Accounting Standards Board’s proposed conceptual framework for evidence of support of new public management doctrines by key stakeholders, namely, accounting professionals, government agencies and international bodies. Design/methodology/approach The research uses a content analysis of response letters to select phases of the conceptual framework project to identify themes/principles pointing to acceptance or rejection of new public management principles by stakeholders. Findings Accounting professionals tend to support proposals that are consistent with principles of new public management providing evidence of normative and mimetic isomorphic pressure to align public and private sector accounting practices. Some government agencies and international organisations appear to have conformed but the majority resist efforts to incorporate a new public management discourse in public sector accounting. Research limitations/implications The study is based on a content analysis of publically available response letters. It does not engage directly with respondents. In addition, not all stakeholders have submitted an equal number of response letters, with the result that it was not possible to compare responses from the developed and developing world or according to variations in legal and governance systems. Originality/value The study provides empirical evidence of different perspectives of the International Public Sector Accounting Standards Board’s conceptual framework project, which have not been considered explicitly by the previous research. The findings support the view that the accounting profession, as an integral part of the capital market system, exerts pressure to drive standardisation of financialised accounting practices. In contrast, government agencies support accounting systems aligned with conventional accountability principles aligned with jurisdiction-specific contexts. The interaction of these opposing perspectives is a primary determinant of change in accounting practice in the public sector space.
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Mohammed, Reda Bendoukha, and Kaloum Bouflaja. "Compliance With the International Public Sector Accounting Standards Relating to Disclosure in Algeria." International Journal of Membrane Science and Technology 10, no. 5 (2024): 733–44. http://dx.doi.org/10.15379/ijmst.v10i5.3475.
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The present study aims at the highlighting of the disclosure standards in the international public sector accounting standards (IPSAS) as well as the implementation extent in the public accounting system in Algeria through the 18/15 organic law relating to the financial laws, in particular. In addition to that is the highlighting of a number of disclosure standards in international accounting, in general. The study adopted a descriptive, analytical approach to the disclosure standards relating to the public sector. The findings indicated that a number of disclosure standards relating to the public sector are implemented at 60%, which is a significant percentage that significantly contributes to the public sector modernization as well as the establishment of an effective, modern accounting system based on and mirrors transparency.
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Chertkova, A. V. "Studying the global use of international public sector accounting standards." Finance and Credit 26, no. 11 (2020): 2524–41. http://dx.doi.org/10.24891/fc.26.11.2524.
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Subject. The article analyzes the international application of the International Public Sector Accounting Standards (IPSAS) so as to evaluate and use successful practices of implementing and applying them, and avoid typical errors in settling and harmonizing the Russian accounting practice in accordance with the IPSAS. Objectives. I formulate what mainly distinguishes the international use of the IPSAS. Methods. The study is based on the comparative analysis method. Results. As a result of the study, I discovered some difficulties in implementing and adopting the IPSAS. In theory, the difficulties can be divided in two groups, i.e. technological, organizational and financial. The technological difficulties arise from the use of modern ICT ensuring fast and quality financial reporting under IPSAS. The organizational problem is about finance. Accounting reforms, accounting staff training entails considerable governmental spending. Conclusions and Relevance. Reforming the financial (budgetary) accounting process and financial reporting in Russia, authorities should refer to the international experience in the IPSAS. Doing so, they will be able to streamline the harmonization of financial reporting.
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Enache, Corina. "Exemptions Resulting from the International Public Sector Accounting Standards (IPSAS) and European Standards for Intangible Investment, Inventories and Personnel Expenditures in Public Entities." Scientific Bulletin 24, no. 2 (2019): 124–30. http://dx.doi.org/10.2478/bsaft-2019-0014.
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Abstract Simultaneously with the globalization of economies, it was necessary the adoption and implementation of international accounting standards for the public sector also. In 1996 a set of accounting standards for public sector entities was developed, namely International Public Sector Accounting Standards (IPSAS). After 31st July 1998, 32 IPSAS standards, mostly inspired by IASs, centered on model and engagement-based accounting, were issued. IPSAS 1 – Presentation of financial statements relating to the place of intangible assets, inventories and personnel expenses in the content and format of the financial statements is applied to all general purpose financial statements realized under accrual accounting. The IPSAS 12 – Inventory objective is to state the stock accounting treatment. The IPSAS 25 objective – Employee benefits is to state the employee benefits from an accounting perspective.
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Van Schaik, Frans. "Standaardisering van verslaggeving in de publieke sector." Maandblad Voor Accountancy en Bedrijfseconomie 81, no. 10 (2007): 462–68. http://dx.doi.org/10.5117/mab.81.11837.
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Volgens de Algemene Rekenkamer bestaat er een grote verscheidenheid aan verslaggevingsregels binnen de publieke sector: ‘Meer harmonisatie kan winst opleveren voor de kwaliteit van informatie en de doelmatigheid van informatieproductie. Te denken valt aan: Brede toepassing van internationaal steeds meer toegepaste International Public Sector Accounting Standards (IPSAS) van de International Federation of Accountants (IFAC). Eenduidigheid in de verslaggevingseisen voor de gehele overheid bevordert de aansluiting binnen verschillende verantwoordingsketens, zoals bijvoorbeeld die tussen ministeries en gemeenten (specifi eke uitkeringen).’ (Algemene Rekenkamer, 2007). Als bijdrage aan een discussie over dit antwoord op kamervragen, zal ik in dit artikel de verslaggevingsstandaarden beschrijven die gemeenten nu hanteren en de verschillen die er bestaan met IPSAS, de International Public Sector Accounting Standards.
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Smirnova, Iryna, and Nadiya Smirnova. "National and International Public Sector Accounting Standards: Features of Application." Collection of Scientific Works of Kirovohrad National Technical University. Economic Sciences, no. 33 (2018): 152–64. http://dx.doi.org/10.32515/2413-340x.2018.33.152-164.
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Biondi, Yuri. "Harmonising European Public Sector Accounting Standards (EPSAS): Issues and Perspectives." Accounting, Economics, and Law: A Convivium 7, no. 2 (2017): 117–23. http://dx.doi.org/10.1515/ael-2017-0014.
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Abstract An important reform project is ongoing concerning harmonising Europe’s public sector accounting standards (EPSAS). The European Commission appears willing to mimic and take the international private sector accounting as frame of reference, following the same pattern of implementation for international public sector accounting standards (IPSAS) that was enacted for the IAS-IFRS. But the Member States did react in a different way, this time, showing alert, raising questions, and providing resistance in some cases. Public sector accounting shall be considered in the specific context provided by public finances in general, and by a monetary union in particular. This paper takes perspective on these specificities while raising issues (i) on the EPSAS-making governance; (ii) relationship between cash-basis and accrual-basis of accounting; (iii) accounting for governmental liabilities by Member States; and (iv) evidence of net assets under accruals-basis.
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Juanda, Ahmad, Setu Setyawan, and Lia Candra Inata. "Analysis of local government accounting disclosure based on international public sector accounting standards (IPSAS)." Journal of Accounting and Investment 24, no. 2 (2023): 487–501. http://dx.doi.org/10.18196/jai.v24i2.17507.
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Research aims: This study aims to test and analyze whether there is an effect of government openness, government financing, economic growth, audit opinion, and prior experience with IFRS in the public sector on the level of local government accounting disclosure based on IPSAS.Design/Methodology/Approach: The population in this study was all local governments in Indonesia in 2016-2020. The samples selected for use in this study were 64 local governments, following the sample criteria. The data type was secondary, which was then analyzed using multiple regression analysis.Research Findings: The results of this study exposed that government openness, prior experience with IFRS in the public sector, and audit opinion affected the level of local government accounting disclosure based on international public sector accounting standards (IPSAS). In contrast, government financing and economic growth did not support disclosing financial statements based on IPSAS.Implication: This research can potentially be relevant to the Government Accounting Standards Committee, the central government, local governments, and the community. By assessing the factors influencing the disclosure of local government accounting based on IPSAS, this research can be used as a consideration for Government Accounting Standards Committee in improving related standard regulations and encouraging local governments to implement an accrual-based IPSAS Public Accountant Standard Implementation Strategy.Originality/Value: Research on analyzing factors affecting local government accounting disclosure based on IPSAS, in particular, has not been widely studied in Indonesia, especially using local government objects. Hence, this research in Indonesia is an interesting thing to study further.
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Manes-Rossi, Francesca, Sandra Cohen, Eugenio Caperchione, and Isabel Brusca. "Introduction: The Gordian knot of public sector accounting and the role of the International Public Sector Accounting Standards." International Review of Administrative Sciences 82, no. 4 (2016): 718–23. http://dx.doi.org/10.1177/0020852316665048.
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Saleh, Zakiah, Che Ruhana Isa, and Haslida Abu Hasan. "Issues and Challenges in Implementing International Public Sector Accounting Standards (IPSAS)." IPN Journal of Research and Practice in Public Sector Accounting and Management 11, no. 01 (2021): 1–14. http://dx.doi.org/10.58458/ipnj.v11.01.01.0067.
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Purpose: This paper aims to identify the prerequisites as well as the issues and challenges in implementing the accrual basis International Public Sector Accounting Standards (IPSAS). Methodology/Approach: Using the archival approach, this paper presents a review of past studies and published information on the issues and challenges faced by various developing countries in adopting IPSAS. Findings: The challenges faced by countries in adopting IPSAS can be classified into three categories: (1) Resources which include a lack of competent accounting and finance staff, and a lack of IT facilities and IT support; (2) Accounting and reporting issues related to difficulties in the recognition and measurement of assets, liabilities, revenue and expenses; and (3) Top management commitment in ensuring successful change management programme. Research Limitations/Implications: This paper outlines the results of the preliminary phase, i.e., a review of previous studies, before a study to examine the issues and challenges in the adoption of accrual accounting and the Malaysian Public Sector Accounting Standards (MPSAS) in state governments in Malaysia is undertaken. Thus, the discussion in this paper is limited to the issues and challenges in adopting IPSAS. Practical Implications: This study shall provide guidelines for Malaysian state governments in promoting successful implementation of MPSAS. Originality/Value: This paper provides the basis for the next phase of the study on state governments which includes questionnaire surveys and interviews. Keywords: Accrual accounting, IPSAS, MPSAS, public sector, developing countries
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SANNI, Michael Rotimi. "International Public Sector Accounting Standards and Deterrent of Corrupt Practices in the Public Sector of Ogun State Nigeria." Journal of Accounting and Financial Management 9, no. 5 (2023): 207–16. http://dx.doi.org/10.56201/jafm.v9.no5.2023.pg207.216.
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International Public Sector Accounting Standards (IPSAS) are expected to enhance transparency and accountability and deter corrupt practices in public sector. This study investigated the extent to which the implementation of the standards deters corrupt practices in Ogun State, Nigeria. The study adopted survey research design using questionnaire for its primary data obtained from staff in selected Ministries Departments and Agencies (MDAs) in Ogun state, Nigeria. The selected MDAs are: The Federal University of Agriculture, Abeokuta; Federal College of Education, Osiele, Abeokuta; Ogun-Oshun River Basin Development Authority, Abeokuta, and Federal Medical Centre, Abeokuta. Ogun State was chosen because of ease of access and because the state combines the features of an industrial state with those of civil service state. The sample size is 600 accounting staffers and lecturers that cut across the MDAs. Results of regression equation revealed that the standards exert positive and significant effect on deterring corrupt practices with probability values of 0.000. This study observed that the adoption of the standards alone cannot totally curb corruption in Nigeria. Constant staff trainings, political will to bring corrupt officials to book and proper use of discretionary measures in the standards are therefore strongly recommended by this study.
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HORDIEIEVA-HERASYMOVA, Liudmyla. "Accounting in the budgetary sector: problems of today." Economics. Finances. Law, no. 11/3 (November 21, 2019): 6–8. http://dx.doi.org/10.37634/efp.2019.11(3).1.
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Introduction. Currently, integration processes in the European and world community are underway in Ukraine. In this regard, the alignment of national accounting and financial reporting methodology in the public sector to international standards is a prerequisite for the implementation of Euro-integration processes. It is promotes effective analytical activities, enhances transparency of budgetary use, targeted use of borrowed funds. The purpose of paper is a study of theoretical and practical provisions of the organization of accounting in the budgetary sector, implementation of its reform and reflection of modern problems of its improvement. Results. Budgetary institutions are one of the relevant links in the budgetary sector. Accounting and financial reporting in them is determined by the legislation on the budget, the budget system, the basis of budget policy; appropriate public sector accounting guidance; other normative documents of the Ministry of Finance of Ukraine and the State Treasury Service of Ukraine. In the process of reform accounting in the budgetary sector, national public sector accounting standards have been developed that are consistent with international ones. A new, unified, public sector accounting plan has been built, and the level of transparency and openness of accounting has been improved. However, problems in the accounting and reporting system of public sector institutions remain. There is a need for final adaptation of the Ukrainian legislation on accounting and financial reporting to international requirements and compliance with changes in regulatory regulations; creation and implementation of an effective information and analytical accounting system and preparation of financial statements by public sector entities.. Conclusion. It is necessary to: improve the system of training and retraining of personnel of accounting and financial profile in the public sector, informational and educational support on measures of reforming the accounting of the budgetary sector, as well as introduction of an effective information system of accounting. Further adaptation of accounting in the budgetary sector to international standards promotes transparency in the management of public finances and allows to create a unified organizational and information support of accounting in the budgetary sector.
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Druzhilovskaya, T. U., та E. S. Druzhilovskaya. "Problems of Harmonizing Investment Property Accounting Аccording to Russian and International Standards". Accounting. Analysis. Auditing 5, № 3 (2018): 62–71. http://dx.doi.org/10.26794/2408-9303-2018-5-3-62-71.
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The purpose of this article is to study the problems of convergence of investment property accounting in Russian and international financial reporting standards. The relevance of the question is due to the increasing role of such objects in the activities of Russian organizations. The research methodology includes the critical analysis of regulating modern investment property accounting in Russian and international financial reporting standards. This article uses such methods as analysis and synthesis, comparison, method of analogies, method of groupings, systems approach and logical approach. The study reveals discrepancies in the conceptual apparatus connected to investment property accounting; in various Russian regulatory documents; in interpretation of the notion of investment property in Russian GAAP and IFRS along with the differences in the investment property valuation methodology in Russian and international fi reporting standards.This article investigated the regulation of all Russian and International financial reporting standards subsystems. Russian accounting standards subsystems are the regulatory documents of organizations belonging to public and private sectors. The latter includes the normative documents of financial and nonfinancial organizations. When analyzing the regulatory documents on accounting in financial organizations the documents of credit and non-credit institutions were considered separately. As international standards subsystems were considered International Public Sector Accounting Standards (IPSAS) and International Financial Reporting Standards for private sector. The authors give the critical analysis of the validity of the investment property accounting regulations in Russian and international financial reporting standards. The authors substantiate the prospects of the further convergence of the investment property accounting rules in Russian and international financial reporting standards.
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Chow, Danny, and Caroline Aggestam Pontoppidan. "The United Nations’ (UN) decision to adopt International Public Sector Accounting Standards (IPSAS)." Journal of Public Budgeting, Accounting & Financial Management 31, no. 2 (2019): 285–306. http://dx.doi.org/10.1108/jpbafm-08-2018-0087.
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Purpose The purpose of this paper is to analyse and understand the UN System’s adoption of IPSAS from a legitimacy perspective. Design/methodology/approach A content analysis of publicly accessible documents from the UN System archives was conducted. The analysis was framed through the broader lens of legitimacy theory, drawing attention to the rationalities of decisions taken. Findings This study illustrated how the need for accounting reforms was rationalised throughout the UN System of organisations. Decision-making processes were reflective of political concerns and the accompanying need to continually demonstrate accountability. The discursive strategies observed associated the need to improve accountability with the adoption of globally recognised accounting systems. However, such logic assumed that existing accountability deficits were intrinsically linked to accounting failures, which overemphasises accounting’s role. Social implications The UN System’s decision to adopt IPSAS in 2006 has been followed by a substantial increase in the number of Member States following suit. However, governments and other organisations considering IPSAS adoption should be aware of the historical context in which the UN System’s decision was made. Originality/value This study addresses a lacuna in empirical studies providing an understanding of the role of accounting reforms within international organisations such as the UN System.
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Dakhil, Mustafa. "Application of the International Public Sector Accounting Standards (IPSAS) in Russian Universities Budget Preparation." Scientific Research and Development. Economics 11, no. 3 (2023): 29–34. http://dx.doi.org/10.12737/2587-9111-2023-11-3-29-34.
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This article discusses the possibilities of applying International Financial Reporting Standards for the public sector in Russian universities to increase accountability when making decisions on budget preparation. The introduction of International Financial Reporting Standards for the Public Sector (IPSAS) is an important step to optimize the preparation of budgets of higher education institutions. The purpose of the study is to disclose the substantive aspects of the implementation of International Financial Reporting Standards for the public sector to ensure accountability and transparency of the budgetary financial statements of universities. In the course of the research, such methods as induction, deduction, analysis and synthesis were used. The result of the study is expressed in the justification of the importance of preparing budgets for higher educational institutions of the Russian Federation in accordance with International Financial Reporting Standards for the Public sector.
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Fernandes, Helio Corguinho, Joao Lopes Pita, Jose Domingues Jesus, and Guilherme Martins Camara. "Public Sector Accounting in Europe: A Systematic Literature Review." International Journal of Financial Research 12, no. 4 (2021): 88. http://dx.doi.org/10.5430/ijfr.v12n4p88.
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There has been an increased interest in public sector accounting research due to the changing standards worldwide with harmonization on the horizon. Despite this trend, there is still a lack of comprehension of national and local governments’ role in adopting and improving the international standards to enhance accountability, transparency and developing a more consistent and evolved society. This article aims to systematically review the literature on public accounting in European countries by examining the research trends.The analysis is developed through a bibliometric study based on three keywords: “Public Sector”, “Accounting”, and “Europe”. We systematically analyze the articles in the Web of Science database.This work presents several articles through a bibliometric study based on defined keywords. To define the relationship between the articles and the most cited authors, we based the systematic analysis on the aggregation of articles by clusters.In the last twenty years, public accounting in Europe has undergone significant changes, adapting to needs and innovations, which the most prominent resides in new accounting standards.Adopting International Public Sector Accounting Standards can benefit countries that introduce them into their system, namely increasing the system’s responsibility and transparency.Research is inevitably limited by the impact of public accounting changes in Europe and governments’ responses to social, economic and fiscal environments.This systematic review shed light on the challenges that public management has faced recently.
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Cuadrado-Ballesteros, Beatriz, Francesca Citro, and Marco Bisogno. "The role of public-sector accounting in controlling corruption: an assessment of Organisation for Economic Co-operation and Development countries." International Review of Administrative Sciences 86, no. 4 (2019): 729–48. http://dx.doi.org/10.1177/0020852318819756.
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This study adds new insights to the academic debate on the effectiveness of both accrual-basis systems and the adoption of harmonised accounting rules at the international level by considering an additional perspective: their effect on corruption. This study investigates a sample of 33 Organisation for Economic Co-operation and Development countries for the period 2010–2014, creating a panel data set that allows the taking of an international comparative approach. The results indicate that corruption is reduced as governments advance in public-sector accounting reforms, adopting International Public Sector Accounting Standards, or implementing accrual-basis systems. Points for practitioners Our findings show the relevant role played by public sector accounting reforms in reducing corruption. Concretely, International Public Sector Accounting Standards implementation and accrual-accounting adoption can attenuate the information advantage of politicians towards citizens, reducing the level of corruption. This article contributes to the debate concerning the institutional arrangements that should be implemented to reduce corruption.
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Brusca, Isabel, Vicente Montesinos, and Danny S. L. Chow. "Legitimating International Public Sector Accounting Standards (IPSAS): the case of Spain." Public Money & Management 33, no. 6 (2013): 437–44. http://dx.doi.org/10.1080/09540962.2013.836006.
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Neves, Fabrício Ramos, and Mauricio Gómez-Villegas. "Reforma contábil do setor público na América Latina e comunidades epistêmicas: uma abordagem institucional." Revista de Administração Pública 54, no. 1 (2020): 11–31. http://dx.doi.org/10.1590/0034-761220180157.
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Abstract Latin American countries have undergone a growing interest in international accounting standards. Several countries are making progress in the adoption of international standards driven by different internal factors as well as external dynamics. The role of experts in the design of public policies associated with international standards has been studied by the epistemic community theory, which is the theoretical framework used in this study to address the influence of different international organizations on the adoption of IPSAS in Brazil and Colombia. This paper discusses the isomorphic institutional pressure exerted over the governments of these two countries in order to meet an international standard considered to be adequate. Meanwhile, the emerging trend towards the adoption of IPSAS in Latin America continues to grow, although some obstacles to achieving the goals defined in the reform arise.
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Trofimova, L. B. "Analyzing Conceptual Foundations of International and Russian Standards of Finance Accounting in Public Sector." Vestnik of the Plekhanov Russian University of Economics 20, no. 2 (2023): 67–72. http://dx.doi.org/10.21686/2413-2829-2023-2-67-72.
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The article studies elements and items of finance accounting adopted by concepts of finance accounting in public sector for ISFA and Russian conceptual foundations of public sector organizations. In researching ISFA concepts of public sector and Russian state sector the author pointed out to certain differences of the conceptual level. If we compare lists of elements and items of finance accounting it is obvious that Russian concepts of state sector include components providing complete accounting of net finance standing of business entity due to inclusion of sources of entity financing. At the same time in the process of research the author found discrepancies and shortcomings dealing with the structure and composition of Russian concepts of state sector. The practical value of the research is connected with working-out of grounded proposals aiming at further development of federal standards of accounting in state sector of the Russian Federation.
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Prabowo, Bambang Hadi. "Analyzing Public Sector Accounting Standards: A Qualitative Synthesis of Literature." Atestasi : Jurnal Ilmiah Akuntansi 5, no. 2 (2022): 739–54. http://dx.doi.org/10.57178/atestasi.v5i2.785.
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This qualitative synthesis aims to provide a comprehensive overview of public sector accounting standards, focusing on their definitions, specificities, challenges, and implications. The research objective is to analyze existing literature to identify key themes, trends, and areas for further inquiry in public sector accounting. A systematic review of relevant studies was conducted, with data extracted and analyzed to derive insights into accountability, transparency, accrual basis of accounting, adoption of International Public Sector Accounting Standards (IPSAS), challenges, opportunities, and implications for future research. The findings reveal that robust accounting standards are crucial for ensuring transparency and accountability in governmental entities. Adoption of accrual accounting enhances the accuracy and relevance of financial reporting, while the convergence towards IPSAS facilitates comparability and consistency across jurisdictions. Challenges include capacity constraints, resistance to change, and keeping pace with evolving regulatory environments. However, opportunities exist in leveraging technology, increasing collaboration, and investing in professional development. Future research should focus on longitudinal studies, comparative analyses, interdisciplinary approaches, stakeholder perceptions, and the role of emerging technologies in public sector accounting. This synthesis contributes to the scholarly discourse by providing insights into the complexities and implications of public sector accounting standards.
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Graeff, Imke. "Open Debate on Accounting for the European Public Sector." Accounting, Economics, and Law: A Convivium 7, no. 2 (2017): 161–63. http://dx.doi.org/10.1515/ael-2017-0025.
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Abstract This article contains the proceedings of the open debate that followed the plenary panel on ‘Accounting for the European Public Sector: The Ongoing Reform of European Public Sector Accounting Standards’ at the international workshop on ‘Which accounting regulation for Europe’s economy and society?’ organised under the auspices of the European Parliament in Strasbourg, on 20 May 2015.
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Miraj, Javed, and Zhuquan Wang. "Adoption of International Public Sector Accounting Standards in Public Sector of Developing Economies -Analysis of Five South Asian Countries." Research in World Economy 9, no. 2 (2018): 44. http://dx.doi.org/10.5430/rwe.v9n2p44.
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We examined the extent of adoption of the International Public Sector Accounting Standards (IPSAS) in South Asia and the challenges that are decelerating this process. The moderating organization, International Public Sector Accounting Standards Board (IPSAB), instituted IPSAS in an effort to improve financial reporting by public sector organizations and for comparability purposes. The aims of this research were to establish to what extent the IPSAS has been adopted in South Asia and determine the drawbacks contributing to its slow adoption process. To answer the study questions a literature review of the South Asian countries that have adopted the IPSAS was conducted. The study findings show that most of the South Asian nations have adopted the IPSASs though to different extents. Nepal, Bangladesh, Pakistan and Sri Lanka have implemented the IPSAS but taking different approaches and directions, while India still uses the cash based accounting system. The key barriers include; lack of experienced staff, delay in provision of information by the public entities, and lack of a defined implementation timeframe which seem to cut across these countries.
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Kaupelyte, Dalia, and Renata Legenzova. "DO LITHUANIAN HIGHER EDUCATION ACCOUNTING PROGRAMS REFLECT ACCOUNTING HARMONIZATION IN THE EU?" CBU International Conference Proceedings 2 (July 1, 2014): 113–18. http://dx.doi.org/10.12955/cbup.v2.453.
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Financial accounting is undergoing major changes in the EU and worldwide. Great efforts are placed on adoption of high quality accounting standards for listed companies, public sector organizations as well as small and medium business entities. Being a member of the EU Lithuania is in compliance with the EU incentives in de jure accounting harmonization; however de facto situation in Lithuania is not adequately assessed. One of accounting harmonization related questions is whether Lithuanian higher education provides labor market with market-needs oriented accounting professionals.The objective of this article is to assess if Lithuanian higher education programs in accounting field is in compliance with EU accounting harmonization outcomes. We analyze if graduates of Accounting programs from Lithuanian Higher Education Institutions are trained to work with different sets of accounting standards—International Financial Reporting Standards (IFRS) and Public Sector Accounting Standards that were adopted in Lithuania as a part of accounting harmonization incentives. To conduct an assessment of research methods by case analysis, comparative analysis has been deployed. We assessed programs goals, learning outcomes and course curriculum of Professional Bachelor, Bachelor and Master level programs in Lithuanian universities and colleges.Results of the research revealed that de jure accounting harmonization is reflected in Lithuanian higher education Accounting programs. Accounting for listed companies (required to use International Financial Reporting Standards) is given little importance in Lithuanian Accounting programs. According to the analysis of the learning outcomes, graduates of the Accounting programs in Lithuania have a broad profile, but would not be able to work independently with International Financial Reporting Standards. On the other hand, even if regulation of public sector accounting was enforced later, it is included in number of analyzed programs. A number of Professional Bachelor’s programs even offer specialization in this area. Results of the research allow us to conclude that colleges have their niche in preparing accounting specialist for local labor market and their positioning is relatively strong, concerning public sector accounting. Meanwhile first and second level universities’ programs could be strengthened toward international accounting to provide labor market with professionals in this area.
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Anessi-Pessina, Eugenio, Josette Caruana, Mariafrancesca Sicilia, and Ileana Steccolini. "Heritage: the priceless hostage of accrual accounting." International Journal of Public Sector Management 33, no. 2/3 (2019): 285–306. http://dx.doi.org/10.1108/ijpsm-12-2018-0263.
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Purpose The purpose of this paper is to examine how the convergence of private and public sector accounting standards is affecting conceptual and practical issues relating to heritage. More specifically, the paper is intended to provide a better understanding of the state of the art in national and international accounting standards on heritage assets, and of the views influencing such standards. Design/methodology/approach A qualitative documentary analysis is carried out to explore the variety of existing positions and views on heritage, ranging from the scholarly literature, through potential stakeholders and users, to international and national standard setters. Findings The analysis shows that the path of convergence between public and private sector standards and practices is still problematic. After more than two decades of debate around the nature, definition, measurement, and reporting of heritage, these issues are far from settled. Research limitations/implications In the light of calls for increased measurement and reporting of public sector “assets”, and specifically for the definition of standards to recognise heritage, the paper suggests the need to strongly reconsider whether the convergence between public and private sector standards is desirable, feasible and effective. As such, the risks of embracing simplified or hybrid forms of accounting and reporting for heritage should be more seriously assessed. While reporting on heritage is important, it is fundamental to keep it distinct from reporting on government’s regular operations, in order to appreciate its specific value, nature and features. Originality/value Looking at European national standards for heritage, the IPSASB’s proposals, and the reactions to the latter by relevant stakeholders, the paper provides a pluralistic view on the positions and experiences about heritage, contributing to the debate on the convergence between private and public sector accounting standards.
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Neves, Fabrício Ramos, and Mauricio Gómez-Villegas. "Public sector accounting reform in Latin America and Epistemic Communities: an institutional approach." Revista de Administração Pública 54, no. 1 (2020): 11–31. http://dx.doi.org/10.1590/0034-761220180157x.
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Abstract Latin American countries have undergone a growing interest in international accounting standards. Several countries are making progress in the adoption of international standards driven by different internal factors as well as external dynamics. The role of experts in the design of public policies associated with international standards has been studied by the epistemic community theory, which is the theoretical framework used in this study to address the influence of different international organizations on the adoption of IPSAS in Brazil and Colombia. This paper discusses the isomorphic institutional pressure exerted over the governments of these two countries in order to meet an international standard considered to be adequate. Meanwhile, the emerging trend towards the adoption of IPSAS in Latin America continues to grow, although some obstacles to achieving the goals defined in the reform arise.
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Zibaghafa, Sunday, and Mathew Okpolosa. "International Public Sector Accounting Standards Adoption and Challenges of Implementation in Nigeria." European Journal of Accounting, Auditing and Finance Research 12, no. 1 (2024): 108–25. http://dx.doi.org/10.37745/ejaafr.2013/vol12n1108125.
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This study examined International Public Sector Accounting Standards (IPSAS) adoption and challenges of implementation in Nigeria. The study employed review of literature of prior studies using institutional theory as the anchor. The review of prior studies revealed that the adoption of International Public Sector Accounting Standards (IPSAS) in Nigeria is faced with several challenges such as political-will towards full IPSAS implementation; statutory adjustment, inadequate funding and institutional commitment, poor IT infrastructure, change management issues amongst others. The study recommended amongst others that professional accountancy organisations such as the Institute of Chartered Accountants of Nigeria (ICAN) and Association of National Accountants of Nigeria (ANAN) should consider what rolethey can play in growing consciousness of the need for transparent financial reporting in the public sector entities, including but going beyond providing training on accounting standards. Also governments should introduce plans for smooth and quick migration to full accrual-based IPSAS in all public sector entities in Nigeria so as to maximize the perceived benefits associated with accrual basis of IPSAS.
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Kalonov Shokhjakhon Normaxmad ugli. "Strategies for enhancing revenue and expense management in Uzbekistan's public sector." World Journal of Advanced Research and Reviews 22, no. 3 (2024): 267–70. http://dx.doi.org/10.30574/wjarr.2024.22.3.1702.
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This article examines the practices of identifying and accounting for revenues and expenses in Uzbekistan's public sector organizations. It analyzes the existing challenges and compares them with international standards, proposing a comprehensive strategy to enhance financial management. The recommendations include adopting modern accounting systems, integrating technology, updating regulations, and fostering international collaborations.
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Lukinova, Elena. "Questions of practical application of the SGC “Fixed assets”." Buhuchet v zdravoohranenii (Accounting in Healthcare), no. 5 (May 1, 2020): 15–23. http://dx.doi.org/10.33920/med-17-2005-02.
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The law “on accounting” includes The Federal accounting standards (hereinafter referred to as the FAS), which must be developed on the basis of international standards, as part of the basic documents in the field of accounting regulation that are mandatory for application. FAS for public sector organizations (hereinafter referred to as SGC).the Ministry of Finance of the Russian Federation develops accounting standards in accordance with the Program for developing Federal accounting standards for public sector organizations. Since 01.01.2018, five of the 29 originally planned SGC have been applied in practice, including the SGC “Fixed assets”. This article discusses the difficulties caused by the first application of the SGC “Fixed assets” and how to solve them in the practice of accounting for non-financial assets by public sector organizations.
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Kazaryan, Ruben. "On certain development aspects of an ipsas-based system-target approach to evaluation of net asset sustainability level projects in high-rise construction." E3S Web of Conferences 33 (2018): 02071. http://dx.doi.org/10.1051/e3sconf/20183302071.
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Problems of accounting and reporting of net assets and the procedure of their formation taking into account the specifics of the economic and legal status of property of a non-commercial autonomous institution are some of the most controversial in the accounting for entities of the public sector. The study focuses on justification of accounting rules for net assets of public sector entities. The methods used in the study are as follows: comparison, synthesis, analysis, logical approach, and system approach. The article examines legal aspects and specifics of recognition of assets of public sector entities in accordance with IPSAS standards (International Public Sector Accounting Standards are a set of accounting standards issued by IPSASB (Council for International Financial Reporting Standards for Public Sector Organizations) used by state-owned enterprises worldwide in preparation of financial statements as of the 31st of August, 2015. The most crucial factor in the modeling of key performance indicators of the system-target approach to estimation of the sustainability level of net assets on the basis of IPSAS is a multicriterial evaluation of the basic management strategy for quality system elements used in operational and strategic planning projects operations in high-rise construction. We offer an alternative evaluation of assets due to be returned to the right holder (the state controller) in the event of liquidation of a public sector entity.
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Bilhim, João Abreu de Faria, Ricardo Rocha de Azevedo, and Paula Gomes dos Santos. "Reformas do Setor Público e Mudanças na Contabilidade Pública." Contabilidade Gestão e Governança 25, esp (2022): 388–97. http://dx.doi.org/10.51341/cgg.v25iesp.3012.
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As International Public Sector Accounting Standards (IPSAS), emitidas pelo IPSAS Board, são normas relativas à elaboração e apresentação da informação financeira baseadas nas normas internacionais de contabilidade emitidas pelo International Accounting Standards Board, tendo por objetivo a comparabilidade internacional...
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Zubilevych, Svitlana, and Nataly Poznyakovska. "CONCEPTUAL FRAMEWORK OF INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS: WORLD EXPERIENCE AND UKRAINE." International Journal of New Economics and Social Sciences 6, no. 2 (2017): 78–85. http://dx.doi.org/10.5604/01.3001.0010.7625.
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The article discusses the role of the "Conceptual framework for general purpose financial reporting of public sector entities" in connection with the reform of the accounting and reporting system in the public sector of Ukraine on the basis of harmonization with International Accounting Standards. The chronology of the development of the Conceptual Framework and its brief content are generalized. An analysis of the purpose of the Conceptual Framework for General Purpose Financial Statements was conducted. Conclusions on the need to develop a national conceptual framework are made.
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de Abreu, Marcio Hipolito, and Joao Eudes Bezerra Filho. "Public Sector Financial Statement Notes to Convergence with International Standards, Transparency, and Social Control." New Challenges in Accounting and Finance 5 (January 2021): 1–16. http://dx.doi.org/10.32038/ncaf.2021.05.01.
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The financial statement notes contribute to public accounts' transparency and the instrumentalization of social control, although they are frequently absent from public sector financial statements. In this context, this study's objective was to present the structure of notes to public sector financial statements, nonexistent until then, in the Brazilian setting, which would contribute to the improvement of this context. The structure was developed according to the recommendations in the wording of the Brazilian Accounting Standards. The results of this work provide public accountants with a reference structure of notes to public sector financial statements, contributing to a greater understanding and transparency of accounting rendering by users of accounting information, control bodies, and society
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Jorge, Susana, Josette Caruana, and Eugenio Caperchione. "‘The Challenging Task of Developing European Public Sector Accounting Standards’." Accounting in Europe 16, no. 2 (2019): 143–45. http://dx.doi.org/10.1080/17449480.2019.1637530.
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Aboukhadeer, Emad A. S., S. M. Ferdous Azam, and Ahmad Rasmi Suleiman Albattat. "Corporate Governance and International Public Sector Accounting Standards (IPSAS) on the Quality of Accounting Information in Libyan Government Sector." International Journal of Professional Business Review 8, no. 1 (2023): e0812. http://dx.doi.org/10.26668/businessreview/2023.v8i1.812.
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Purpose: The objective of this study was to identify the importance of applying the standards of governance and International Public Sector Accounting Standards (IPSAS) in influencing the quality of accounting information. Theoretical framework: Recent literature has reported good results in both corporate governance and IPSAS (Bakhtah & Ammar, 2019). However, there is still much to investigate and learn about IPSAS because it is a recent development. Methodology: The study population consists of a number of members of board directors, non-audited members, internal auditors, accountants and department heads in some branches of government entities in the Government Sector of Libya. 400 questionnaires were distributed to them and data was analysed in SPSS and PLS-SEM. Findings: The five latent variables (ensuring a sound governance, disclosure, responsibilities of the board of directors, preservation of stakeholders’ rights and fair equal treatment) explain substantial 73.5% of the variance for the quality of accounting information among employees of Libyan banks. Research, Practical & Social implications: We suggest a future research agenda and highlight the contributions made to knowledge particularly to both auditing literature and the quality of accounting information literature. Originality/value: The findings demonstrate that the adoption of IPSAS will impact an external audit in Libya. IPSAS makes external audit reports uniform and affects external audit notes. The adoption of IPSAS will lead to the sharing of Libyan audit companies with global audit firms to acquire experience audit IPSAS-prepared financial statements. This will increase the external auditors’ findings and knowledge of international accounting standards.
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Sellami, Yosra Mnif, and Yosra Gafsi. "Public management systems, accounting education, and compliance with international public sector accounting standards in sub-Saharan Africa." International Journal of Public Sector Management 33, no. 2/3 (2019): 141–64. http://dx.doi.org/10.1108/ijpsm-12-2018-0274.
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Purpose The purpose of this paper is to examine the transparency and completeness of government financial reporting in sub-Saharan African countries by assessing the extent of compliance with IPSAS disclosures and to investigate the impact of the strength of public management systems (SPMS) and accounting education on this level. Design/methodology/approach This research develops a self-constructed disclosure index from content analysis and applies panel regressions for a sample of 60 sub-Saharan African government entities during the period 2014–2017. Findings The study results indicate that IPSAS disclosure levels significantly vary across sub-Saharan African governments. They reveal a positive effect of the SPMS and accounting education on the extent of compliance with IPSAS in this region. Practical implications The study findings are of interest to practitioners, researchers, government policy makers, supervisory authorities and professional bodies. By focusing on the effect of the SPMS and accounting education on IPSAS disclosure level, this paper leaves room for future research to investigate other relevant factors associated with the compliance with these standards whether in sub-Saharan Africa or in other parts of the world. Originality/value This paper gives new insights into the assessment of the quality and transparency of government financial reporting in sub-Saharan Africa by examining the extent of compliance with IPSAS in this region. It is the first to investigate the impact of the SPMS and accounting education on this level.
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Jung, Hyung-Rok, Sung-Joon Huh, Sang-Ro Kim, and Mi-Ok Kim. "The Recognition of Revenue and Expenses in International Public Sector Accounting Standards." Korean Governmental Accounting Review 19, no. 1 (2021): 105–36. http://dx.doi.org/10.15710/kgar.2021.19.1.105.
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Miraj, Javed, and Zhuquan Wang. "Factors Influencing the Implementation of International Public Sector Accounting Standards in Pakistan." International Journal of Business and Management 14, no. 9 (2019): 15. http://dx.doi.org/10.5539/ijbm.v14n9p15.
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The significance and impact of Accrual-based Public Sector Accounting Standards (APSAS) in financial reporting has in recent times gained traction and has prompted debates which are aligned towards APSAS reporting. This implies that reforms in the government’s management systems are becoming critical towards examination of actions and steps taken to enhance demands for better transparency and accountability in the management of public finance. As is presently presented in Pakistan, there are numerous fundamental challenges that currently inhibit the efficiency of the government’s finance and accounting management. These problems arise due to poor supervision, poor management of basic financial functions, inefficient financial information including support for decision making, poor staff motivation and finally lack of proper accountability measures. Due to these arising challenges, the purpose of this study is to determine the factors affecting the implementation of Accrual-based International Public sector Accounting Standards (AIPSAS) in public sector of Pakistan. The study whose objective was to evaluate the barriers in the adoption of AIPSAS in Pakistan adopted a descriptive qualitative study model. A five-point Likert type scale was utilized to evaluate the results of the study. The study adopted simple randomization process to obtain the population sample group/respondents. The results of the research study recommended improvement of capacity building through training and offering educational courses which will help advance the enforcement of strong financial reporting standards.
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Alessa, Noha. "Exploring the effect of International Public Sector Accounting Standards adoption on national resource allocation efficiency in developing countries." Public and Municipal Finance 13, no. 1 (2024): 1–13. http://dx.doi.org/10.21511/pmf.13(1).2024.01.
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International capital providers such as the World Bank suggest that inefficient resource allocation in developing countries remains a major challenge for borrowing countries. Therefore, the purpose of this study is to examine whether the adoption of International Public Sector Accounting Standards (IPSAS) improves the resource allocation efficiency of developing countries. A robust econometric modeling including fixed effect and Two-Step Generalized Method of Moments is employed on a sample of 64 developing countries between 2005 and 2021. The results are not sensitive to potential endogeneity issues. The findings indicate that the IPSAS coefficient is significantly and positively correlated at a 5% level or higher. This suggests a strong and significant relationship between IPSAS adoption and resource allocation, indicating that using IPSAS improves efficient resource allocation. Additionally, the resource allocation coefficient is positive and highly significant at a 5% level or higher. These results are particularly notable in countries with low bureaucratic quality, suggesting that IPSAS adoption strengthens policies and regulations in the public sector’s financial structure, ultimately leading to more efficient resource allocation. Therefore, these findings imply that adopting IPSAS is crucial for developing countries to ensure efficient resource allocation and attract international capital providers.