Conformity and Diversity of Accounting and Financial Reporting Practices in Portuguese Local Government Susana Jorge Hot

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Uploaded by Susana Jorge     Uploaded date: August 20, 2014    
2069  
Publication date
March 08, 2007
Paper language
Abstract
Portuguese governmental accounting has evolved from essentially a cash-based budgetary accounting system to an accrual-based fi nancial and cost accounting system.
Evidence from fi nancial reports shows a great level of diversity amongst municipalities’ voluntary compliance with the new accounting rules. Using a sample of Portuguese
municipalities in the year 2003 we calculate and analyse the levels of compliance with the practices required by law and document the diversity in compliance
across municipalities. The differences across municipalities are explained by some fundamental factors: size, fi nancial conditions, urban characteristics,
and diffusion across neighbouring municipalities. We show an unexpected effect of size. Larger municipalities comply less with accounting standards. Organizational
complexity, conservative practices, and aversion to change may explain this result.
Preferred Citation
CARVALHO, João; CAMÕES, Pedro; JORGE, Susana; FERNANDES, M. José (2007); Conformity and Diversity of Accounting and Financial Reporting in Portuguese Local Government; Canadian Journal of Administrative Sciences; 24(1); 2-14
Keywords
Portugal; local government accounting; financial and budgetary reporting; compliance; diversity.
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Category
Financial accounting
Type of Paper
Published paper

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From the journal
Canadian Journal of Administrative Sciences
From other source
B-On Database

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