Abstract
This chapter summarizes the main conclusions obtained in the comparative analysis between Portugal and Spain in relation to the implementation of the IPSAS-based accounting system. The two countries needed important efforts for adapting national standards to IPSAS, which required human and technological resources. The main advantage has been the homogenization between business and governmental accounting standards, making easier the consolidation of financial statements for the public sector. Nevertheless, budgetary reporting is still prepared with the modified cash basis and considered the most useful tool for decision making.
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Gomes, P., Brusca, I., Fernandes, M.J., Montesinos, V. (2021). General Conclusions. In: Brusca, I., Gomes, P., Fernandes, M.J., Montesinos, V. (eds) Challenges in the Adoption of International Public Sector Accounting Standards. Public Sector Financial Management. Palgrave Pivot, Cham. https://doi.org/10.1007/978-3-030-63125-3_6
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