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    Usefulness of consolidated government accounts: A comparative study


    Chow, Danny and Pollanen, Raili and Baskerville, Rachel and Aggestam-Pontoppidan, Caroline and Day, Ronald (2019) Usefulness of consolidated government accounts: A comparative study. Public Money & Management, 39 (3). pp. 175-185. ISSN 1467-9302

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    Abstract

    This comparative empirical study on consolidated government accounting reforms in the United Kingdom, Australia, New Zealand, Canada and Sweden reveals contextual differences affecting their adoption and usefulness. It can help policy-makers, public managers, and academics understand the gap between claims associated with the adoption of accounting technologies and their usefulness, as well as provide insights into dichotomies between their global proliferation and localized adaptations. Impact: The belief in the usefulness of GAAP-based consolidated government accounts is not matched by a political will to make them more relevant. Although such systems are rhetorically appealing to reformers, once implemented, however, they struggle to compete against an institutional inertia of continued reliance on older accounting systems such as budgetary and statistical systems. The way forward requires asking how to best realign political incentives to focus on the longer-term benefits from using GAAP-based systems, such as improved clarity over long-term fiscal liabilities and transparency over the financing of hybrid entities that span both the public and private sectors.

    Item Type: Article
    Additional Information: Cite as: Danny S. L. Chow, Raili Pollanen, Rachel Baskerville, Caroline Aggestam-Pontoppidan & Ronald Day (2019) Usefulness of consolidated government accounts: A comparative study, Public Money & Management, 39:3, 175-185, DOI: 10.1080/09540962.2018.1535034
    Keywords: Accruals accounting; Australia; Canada; consolidated government accounts; New Public Management; New Zealand; Sweden; United Kingdom;
    Academic Unit: Faculty of Social Sciences > School of Business
    Item ID: 15019
    Identification Number: https://doi.org/10.1080/09540962.2018.1535034
    Depositing User: Danny Chow
    Date Deposited: 15 Nov 2021 17:16
    Journal or Publication Title: Public Money & Management
    Publisher: Routledge
    Refereed: Yes
    URI:

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