Scope of General Purpose Financial Reporting: an Accountability Perspective Xenia Mamakou
Uploaded by Xenia Mamakou     Uploaded date: September 08, 2021    
Publication date
October 24, 2020
Paper language
Accountability in public sector entities requires disclosing information about management of public resources. Given the way the services they provide are funded and the dependency of service recipients on the provision of those services over the long term, accountability also requires providing information about matters such as the entity’s service delivery during the reporting period, and its capacity to continue to provide services in the future. Accordingly, accountability of public sector entities must embrace financial and nonfinancial information on the use of resources and services performed, and the ways in which they contribute to society. This information must be understandable to all stakeholders, especially to nonexpert citizens, particularly when it is addressed in a democratic accountability process.

Public sector entities have developed several types of reports to consider these issues. This chapter deals with discharging of accountability by public sector entities, addressing different reporting perspectives, complementing that of financial reporting.
Preferred Citation
JORGE, S.; «Scope of General Purpose Financial Reporting: an Accountability Perspective» in Practice-Relevant Accrual Accounting for the Public Sector – Producers’ and Users’ Perspectives, Hassan Ouda, Palgrave-MacMillan, Chapter 4, pp.123-162, October 2020. Public Sector Financial Management Book Series [ISBN 978-3-030-51594-2].
Financial accounting
Type of Paper
Book chapter

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