Chapter

Comparative Experience The Issues

S.K. Das

in Rethinking Public Accounting

Published in print July 2008 | ISBN: 9780195698336
Published online October 2012 | e-ISBN: 9780199080564 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780195698336.003.0007
Comparative Experience The Issues

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This chapter highlights the common issues that eased the process of adopting accrual accounting in New Zealand, Australia, the UK, and Sweden. First, government departments have certain assets not found in the private sector and therefore, have to be treated differently. Second, transition to accruals requires decisions on how these assets should be valued. Third, there are issues about the accounting standards to be adopted. Fourth, the question arises as to who should set the accounting standards. And fifth, there are a number of implementation issues such as change management and sequencing of the reforms.

Keywords: government accounting; public accounting; accrual accounting; accounting reform; accrual reporting

Chapter.  3332 words. 

Subjects: Indian Politics

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