Accounting information quality and decision-usefulness of governmental financial reporting: Moving from Cash to Modified Cash Sotirios Karatzimas Hot

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Uploaded by Sotirios Karatzimas     Uploaded date: July 12, 2014    
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Publication date
December 16, 2014
Paper language
Abstract
Purpose: This paper provides an assessment of the decision-usefulness and quality of governmental financial reports in Greece under the recently adopted modified-cash basis. The evaluation is performed within the wider debate regarding the actual benefits of a transition towards an accounting paradigm that lies closer to accrual accounting as the Greek modified-cash basis borrows several accrual characteristics.
Design/methodology/approach: The transition to modified accruals is analysed through the prism of new institutional theory. The approach adopted builds on the characteristics of the accounting information pertaining the conceptual frameworks of public and private sector accounting standard setting bodies. The assessment is conducted on the basis of the perceptions of public sector financial information users on a web-based questionnaire.
Findings: The findings provide empirical evidence, albeit of moderate magnitude, in favor of the benefits associated with a move to full accruals.
Originality/value: The study moves the debate on the merits of accounting systems’ changes towards the worldwide witnessed trajectory a step forward by providing practical evidence on the matter.
accounting information quality, governmental financial reporting, modified cash-basis of accounting, perceived usefulness, Greece
Paper type: Research paper
Preferred Citation
Cohen, S. and Karatzimas, S. "Accounting information quality and decision-usefulness of governmental financial reporting: Moving from Cash to Modified Cash", Meditari Accountancy Research, Vol. 25, No. 1, pp. 95-113
Keywords
accounting information quality; governmental financial reporting; Greece; modified cash-basis of accounting; perceived usefulness
Email
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Category
Financial accounting
Type of Paper
Published paper

How to get the paper

From the journal
http://www.emeraldinsight.com/doi/pdfplus/10.1108/MEDAR-10-2015-0070

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