Some Issues on the Current Meaning and Aims of Governmental Accounting
The definition of accounting as an information system is generally accepted in any one of the areas it is involved with. However, the use of accounting information in public corporations has differed from that in private organisations for many years. In this respect, the control of the activity reported is a striking differential characteristic. In public corporations, this element of control should, on the one hand, adhere to the lines set down by the annual Budgetary Law, and on the other, be rendered as in Anglo-Saxon accountability. These two dimensions of governmental activity have had a significant effect on the conception of its reporting systems, in other words, on the other informative facets or possibilities of its accounting systems.
KeywordsPublic Administration Accounting System Accounting Information Informative Facet Governmental Finance
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