A consistent bottom-up approach for deriving a conceptual framework for public sector financial accounting Lasse Oulasvirta

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Uploaded by Lasse Oulasvirta     Uploaded date: March 15, 2021    
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Publication date
February 17, 2021
Paper language
Abstract
Discussion to date has focused on whether business-style accrual accounting fits the public
sector, rather than analysing which alternative options of accrual accounting best serve the
needs of public sector stakeholders. This paper looks at what the primary users of
government accounting information actually need and describes a new analytical approach
that can be used to assess the existing public sector financial accounting standards. The
author then presents the most suitable conceptual framework for the public sector. The
paper argues that the income statement first approach is better than the balance sheet
approach for the public sector.
Preferred Citation
To cite this article: Lasse Oulasvirta (2021): A consistent bottom-up approach for deriving a
conceptual framework for public sector financial accounting, Public Money & Management, DOI:
10.1080/09540962.2021.1881235
Keywords
Bottom-up approach; conceptual framework; EPSAS; financial accounting; income-statement-first approach; IPSAS; public sector
Email
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Category
  • Financial accounting
  • International Accounting / Accounting Harmonization
Type of Paper
Published paper

How to get the paper

From the author (email)
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From the journal
Public Money & Management, 2021

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