A comparison of debt measures in fiscal statistics and public sector financial statements

Dabbicco, Giovanna

doi:10.1080/09540962.2018.1527543

Cited by 29 publications

(25 citation statements)

References 23 publications

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“…Given the fact that GA and NA are two separate reporting frameworks (Lalibertè, 2004;Vanoli, 2005), having different objectives that cater for the needs of different users (Keuning and Tongeren, 2004;Khan and Mayes, 2009;Van der Hoek, 2005), some studies have examined in detail how and why the underlying conceptual frameworks lead to different reporting boundaries and measurement criteria relating to assets and liabilities and surplus or deficit (Dabbicco, 2018;IPSASB, 2005IPSASB, , 2012b.…”

Section: Gfsmentioning

confidence: 99%

“…Accordingly, the IPSAS conceptual framework acknowledges the importance of reporting about the accomplishment of approved budgets (also reflected in IPSAS 24), and identifies the primary purpose of financial reporting as providing useful information for both resource providers and service recipients. IPSAS financial statements are thus focused on providing information for decision making, and allow for the entity's accountability about the resources made available to it (Dabbicco, 2015b(Dabbicco, , 2018IPSASB, 2014b).…”

Section: The Conceptual Frameworkmentioning

confidence: 99%

“…There are clearly two different perspectives of reporting: the one of NA -macro perspective supported on economics concepts; and the one of GA -micro perspective based on accounting and reporting principles. For example, the GFS perspective generally requires the use of current market value, whilst GA financial statements are often prepared in practice on a mainly historic cost measurement basis, using market value only where it is allowed (Jones, 2003;Dabbicco, 2018;IMF, 2006;IPSASB, 2005IPSASB, , 2012a.…”

Section: [Insert Table 3 Here]mentioning

confidence: 99%

“…There are also some differences in the way recognition criteria operate. Whilst both systems are based on an accruals approach, NA has some exceptions and may be implemented in a different way in GA (Dabbicco, 2018;Jesus and Jorge, 2010).…”

Section: [Insert Table 3 Here]mentioning

confidence: 99%

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The Development of EPSAS: Contributions from the Literature

Caruana

Dabbicco

Jorge

et al. 2019

Accounting in Europe

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EPSAS are being considered in the EU context where a need for harmonisation in Governmental Accounting (GA) has been recognised as important to increase the reliability of sources of information to the National Accounts (NA) figures.However, GA and NA are two different and parallel reporting systems at national level, even if, within the European context, EPSAS intend to contribute for their convergence.The relationship between GA and NA has been recurrently addressed in the literature over the last two decades, with professionals being more proactive while academics have been more reactive in the debate. Several issues have been raised. This paper recaptures and revises these issues, synthesising academic and practitioner literature, archival documents and reports of EU working groups, from 1996 to 2018.The analysis highlights the more controversial areas, and those that seemed already settled but yet are now, within the context of EPSAS development, being raised again. Specifically, the paper calls attention to (1) the need to manage between two different conceptual frameworks of GA and NA; (2) the importance of interdisciplinary collaboration between the professionals involved, namely accountants, public administrators and statisticians; (3) the role of budgetary accounting and the alignment required between reporting in GA and NA, reducing and harmonising adjustments to be made when translating data from one into the other; and (4) the need to address auditing issues, as EPSAS on their own may not be enough to ensure reliability of the information reported.

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Section: Gfsmentioning

confidence: 99%

Section: The Conceptual Frameworkmentioning

confidence: 99%

Section: [Insert Table 3 Here]mentioning

confidence: 99%

Section: [Insert Table 3 Here]mentioning

confidence: 99%

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The Development of EPSAS: Contributions from the Literature

Caruana

Dabbicco

Jorge

et al. 2019

Accounting in Europe

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“…Among others, Biondi (2014), Calmel (2014), Mussari (2014), Aggestam and Brusca (2016) focused on EPSAS issues and process of harmonisation. Heald and Hodges (2015) and Oulasvirta & Bailey (2016) Biondi and Boisseau-Sierra (2017), Biondi (2016), Dabbicco (2015Dabbicco ( , 2018 focused on technical issues, e.g. recognition, measurement issues and impact of implementation of accrual.…”

Section: Introductionmentioning

confidence: 99%

Building legitimacy for European public sector accounting standards (EPSAS)

Dabbicco

Steccolini

2019

IJPSM

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Purpose The purpose of this paper is to look at the European public sector accounting standards (EPSAS) project development path to explore how governance and legitimacy issues intertwine when a new standard-setting system is developed. Design/methodology/approach A qualitative interpretative multimethod approach is adopted, which encompasses document analysis and participative observations. Findings The analysis shows the role of governance dimensions, including institutional participation and consensus, in the process for securing the legitimacy of accounting standards and the related setting processes, pointing to the critical issues emerging throughout the development of the EPSAS project. Originality/value The definition of public sector accounting standards poses significant challenges to the accounting profession and regulators alike. A paradigmatic case of such challenges is represented by the decisions to develop harmonised EPSAS. A key contribution of this paper is to connect legitimacy dimensions with network governance, offering a view of the input, output and procedural dimensions associated with decisions to legitimise EPSAS and how these may be affected by network governance.

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The Potential Role of Public Sector Accounting Frameworks Towards Financial Sustainability Reporting

Dabbicco

2019

Financial Sustainability of Public Sector Entities

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A comparison of debt measures in fiscal statistics and public sector financial statements

Cited by 29 publications

References 23 publications

The Development of EPSAS: Contributions from the Literature

The Development of EPSAS: Contributions from the Literature

Building legitimacy for European public sector accounting standards (EPSAS)

The Potential Role of Public Sector Accounting Frameworks Towards Financial Sustainability Reporting

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