Public Accounting Reporting, under an Achievable Metamorphosis?

Nistor, Cristina Silvia; Ştefănescu, Cristina Alexandrina

doi:10.18520/cs/v114/i10/2131-2137

Cited by 6 publications

(5 citation statements)

References 18 publications

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“…In conclusion, our study adds value to the scientific research on the public sector even though it follows similar methodology Nistor and Ştefănescu, 2018; to prior studies through due to a more extensive sample comprising all 28 EU Member States and a wider research topic focusing on both the financial and fiscal accounting systems. Moreover, it increases the trustworthiness of our findings through more reliable results certified by various statistical tests.…”

Section: Ceccar Business Review Issn 2668-8921 • Issn-l 2668-8921mentioning

confidence: 84%

“…Thus, the European Commission recognizes that a standardized reporting based on accrual principles is able to provide the most complete and only reliable image of a government's performance, thus increasing accountability, openness and transparency (European Commission, 2013). Therefore, the accrual concept became a benchmark for both financial and fiscal public policy (Nistor and Ştefănescu, 2018), able to support a sound performance management system.…”

Section: Theoretical Background 1new Concepts Regarding the Performamentioning

confidence: 99%

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The Link Between Public Management and Accounting from the Point of View of Performance

Nistor

Ştefănescu

2021

CBR

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This study focuses on the connection between management and accounting, with accrual information as a link. Accounting information, structured on an accrual basis, manages to provide a true image of the patrimony, substantiated and transparent decisions, as a reference basis for efficient management. From of the point of view of the vast changes in the public accounting system (EPSAS), communication between accounting and tax reporting creates a unison in the presentation of financial/non-financial information, a key element in public management. The empirical research conducted by combining the cluster analysis with the MDS technique enables us to map all EU Member States and emphasize potential connections between EU accounting systems from an accrual approach perspective, as a pillar for a performing management.The research results reveal a widespread and strong interest in sound reporting that is able to improve transparency throughout a performing management system. These results support the EPSAS project aimed to adjust inaccuracies between accounting (IPSAS) and tax reporting (ESA 2010), and ultimately to enhance good governance and create a positive environment by facilitating transparency and comparability.

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Section: Ceccar Business Review Issn 2668-8921 • Issn-l 2668-8921mentioning

confidence: 84%

Section: Theoretical Background 1new Concepts Regarding the Performamentioning

confidence: 99%

The Link Between Public Management and Accounting from the Point of View of Performance

Nistor

Ştefănescu

2021

CBR

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“…Christiaens et al (2015) consider that a real problem for EU's accounting harmonisation is the IPSAS accrual accounting concept, for which there remains a level of reluctance mainly in central governments. Also, other authors (Nistor and Stefanescu, 2018;Pina et al, 2009;Benito et al, 2007;Carvalho et al, 2007) consider that, despite the international implementation of accrual accounting, the financial information systems in the public sector are still relatively divergent. Moreover, Benito et al (2007) reveal that, according to IPSAS adoption, there is a lack of homogeneity between different accounting systems in the EU.…”

Section: 2/3mentioning

confidence: 99%

“…In spite of the broad worldwide implementation of accrual accounting, the financial information systems in the public sector are still relatively divergent. Also, despite of the recent trend of the most EU member states to move from cash accounting to accrual accounting, substantial diversity remains between states and also inside countries, at different level of governments (Benito et al, 2007;Carvalho et al, 2007;Pina et al, 2009;Ernst & Young, 2012;PwC, 2014;Nistor and Stefanescu, 2018). Furthermore, there are many controversial debates concerning the applicability of accruals accounting in the public sector ( Jones and Caruana, 2015a, b).…”

Section: Introductionmentioning

confidence: 99%

“United in diversity” public sector financial, statistical and budgetary reporting in the European Union

Tiron-Tudor

Nistor

Ştefănescu

2019

IJPSM

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Purpose The purpose of this paper is to approach, both theoretically and empirically, public sector reporting at European Union (EU) level. It contributes to the accounting harmonisation literature by revealing the actual status of governmental reporting at the national level. Design/methodology/approach The paper carried out an exploratory data analysis of the harmonisation of statistical, budgetary and financial reporting at the EU level. A mapping visualisation offers a comprehensive overview of the current state of connections between these reporting systems. Findings The results reveal the complexity of governments’ reporting systems homogeneity, although all stakeholders recognise the struggle for the principles of performance and transparency in the public sector. Thus, these are following the EU Commission’s study, which concludes that there is significant heterogeneity in the accounting and reporting practices applied transversely throughout all Member States. Research limitations/implications The relevance of the study is comprehensive, from the economic environment to the practitioners, from the international regulatory bodies to the national ones, all can assess and quantify the significance of the past, present and future changes, considering their needs. The limitations of the research regard the documentation background because uniformly accessing some information presented by the EU Member States is relatively tricky. Future research might focus on the effects of these changes as they occur. Originality/value The study contributes to the scientific literature in the public sector through a comprehensive, well-supported and statistically grounded analysis performed at EU level, able to provide reliable results and to support valuable future recommendations towards harmonised reporting. Moreover, it supports and encourages all national and international efforts for improving the comparability of financial, budgetary and aggregated statistical reports.

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“…Since then, began the shift of public sector organizations from recording cash inflows and outflows to monitoring financial status and financial results. In recent years, the public sector of all states has gone through a journey full of challenges and significant changes, as it is under the canopy of a new orientation and an achievable transformation (Nistor and Stefanescu, 2018). The motivation for developments in the public system was mainly enhanced by the need for citizens to trust governments (Christensen, 2002).…”

Section: Introductionmentioning

confidence: 99%

Public management reform under the dome of accruals (Presidential Decree 54/2018): Investigation of the effects on the financial information and the audit of the General Government entities

Goumas,

Karastogiannis

2023

ICBE-HOU

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Presidential Decree 54/2018 legislated the introduction of accrual basis accounting from 1/1/2023 to all entities of the General Government of Greece in accordance with the European System of Accounts 2010. We study the effect of accrual basis accounting under the 54/2018 on financial information and audit of entities, as well as the transition process. The research was conducted using the qualitative method, the structured interview protocol was the data collection tool and the participants were the employees of the Third Department of the General Government Accounting Plan. We find that there will be objective information of the entity's financial position and performance, depreciation, provisions, impairments and fair value of assets. Transparency and accountability are strengthened, audits are facilitated to establish useful sound financial management, there is a central control of public finances and the phenomena of corruption and financing of public officials will be reduced. The job of the audit mechanisms is strengthened, audits become more effective and the way available resources are managed is more precisely controlled. Major difficulties during the transition are the lack of personnel and an appropriate accounting information system, and in combination with the covid-19 pandemic, it was noted that the transition cannot be implemented on 1/1/2023 and for that reason our results suggest an extension to 2025 for the transition, proposal which was implemented on July 30, 2022 with Law 4964/2022. EL Classifications: H83, P41, M48. Key words: Accrual Accounting, Accounting Reform, General Government, Accountability, Audit.

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Public Accounting Reporting, under an Achievable Metamorphosis?

Cited by 6 publications

References 18 publications

The Link Between Public Management and Accounting from the Point of View of Performance

The Link Between Public Management and Accounting from the Point of View of Performance

“United in diversity” public sector financial, statistical and budgetary reporting in the European Union

Public management reform under the dome of accruals (Presidential Decree 54/2018): Investigation of the effects on the financial information and the audit of the General Government entities

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