A Framework for Comparing Financial Sustainability in EU Countries: National Accounts, Governmental Accounting and the Challenge of Harmonization: The Relevance of Accounting Frameworks Isabel Brusca

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Uploaded by Isabel Brusca     Uploaded date: March 21, 2019    
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Publication date
January 31, 2019
Paper language
Abstract
The information prepared in accordance with the national accounts and public finance statistics criteria plays a decisive role in evaluating and comparing the financial sustainability of governments in the European Union (EU). As national accounts are prepared on the basis of information generated by governmental reporting systems, the elaboration of the information requires adjustments due to the lack of comparability of accounting systems. The chapter contains an analysis of the main differences between the two systems and the adjustments required, as well as their importance for EU countries. It includes a study of the level of correlation between the size of the adjustments and the accounting maturity of the countries, evidencing that the adjustments are not smaller in countries with higher accounting maturity.
Preferred Citation
Montesinos, V., Dasí, R. M., & Brusca, I. (2019). A Framework for Comparing Financial Sustainability in EU Countries: National Accounts, Governmental Accounting and the Challenge of Harmonization. In Financial Sustainability of Public Sector Entities (pp. 41-61). Palgrave Macmillan, Cham.
Keywords
financial sustainability, national accounts, accrual accounting
Email
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Category
  • Comparative Research
  • Financial accounting
  • International Accounting / Accounting Harmonization
Type of Paper
Book chapter

How to get the paper

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