A Comprehensive Review of the Financial Reporting System of Higher Education and a Recommendation
AbstractThe predominantly cash-based accounting and reporting procedures used in higher education institutions in Hungary significantly diverge from the procedures applicable to businesses. On the other hand, in Anglo-Saxon countries and the majority of EU Member States both of these sectors use accrual-based accounting. Using the survey conducted among the financial managers and students in higher education institutions this study seeks to answer the question as to who the real addressees of domestic higher institution reporting are and what their information needs are. This study will prove that accrual-based accounting would better serve the information needs of those concerned. We have worked out a new model, which will allow us to generate a report like the profit and loss statement used in the private sector, through the application of a set of adjustments – determined by us – to the predominantly cash-based accounting records used in higher education institutions.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by State Audit Office of Hungary in its journal Public Finance Quarterly.
Volume (Year): 57 (2012)
Issue (Month): 2 ()
Contact details of provider:
Web page: http://www.asz.hu
institutions of higher education; public sector; accounting; accrual-based accounting; cash-based accounting;
Find related papers by JEL classification:
- H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Pál Péter Kolozsi).
If references are entirely missing, you can add them using this form.