Harmonising the Accounting Systems of European Local Governments: The Importance of Environmental Convergence
Recent years have witnessed deep reforms in the accounting systems of the European local governments (LG). In general terms, the different countries have decided to introduce the accrual accounting. In that sense, the reforms have become the first stage of a harmonising process, which is still incipient but surely irreversible, given the process of economic and monetary integration that the European countries have been undergoing for decades.
KeywordsLocal Government Probability Density Function Capita Expenditure Accounting System Transition Matrice
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