IDEAS home Printed from https://ideas.repec.org/a/jfr/rwe111/v6y2015i3p23-35.html
   My bibliography  Save this article

Analysis of Public Accounting Systems in the European Union

Author

Listed:
  • Sabrina Bellanca
  • Loredana Cultrera
  • Guillaume Vermeylen

Abstract

Public accounting is continuously evolving and accrual accounting gains importance in governments. As a part of the New Public Management, this concept applies the practices used in the private sector to the public sector. The application of new accounting methods improves financial management and decision making. The European Union, through its Directive 2011/85/EU of November 8, 2011, is really sensitive to the use of reliable and transparent accounting data and accrual accounting could be a very interesting tool to provide quality data. So, the aim of this paper is to analyze the accounting systems used in the European Union Member States. After a review of the literature including concepts of New Public Management and accrual accounting, we classify, on the basis of a survey carried out in the European Union Member States, the States according to the accounting system they use at the central level and at the local level. This system can be cash basis accounting, modified cash basis accounting, accrual accounting or modified accrual accounting. We conclude that there are important disparities between the Member States and also within the country from a government level to another. However, we can see that accrual accounting is dominant in the European Union Member States.

Suggested Citation

  • Sabrina Bellanca & Loredana Cultrera & Guillaume Vermeylen, 2015. "Analysis of Public Accounting Systems in the European Union," Research in World Economy, Research in World Economy, Sciedu Press, vol. 6(3), pages 23-35, September.
    • Handle: RePEc:jfr:rwe111:v:6:y:2015:i:3:p:23-35
    DOI: 10.5430/rwe.v6n3p23
    as

    Download full text from publisher

    File URL: http://www.sciedu.ca/journal/index.php/rwe/article/view/7834/4664
    Download Restriction: no
    File URL: http://www.sciedu.ca/journal/index.php/rwe/article/view/7834
    Download Restriction: no
    File URL: https://libkey.io/10.5430/rwe.v6n3p23?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Dirk-Jan Kraan & Daniel Bergvall & Ian Hawkesworth & Philipp Krause, 2007. "Budgeting in Hungary," OECD Journal on Budgeting, OECD Publishing, vol. 6(3), pages 1-61.
    2. Teresa Curristine & Chung-Keun Park & Richard Emery, 2008. "Budgeting in Portugal," OECD Journal on Budgeting, OECD Publishing, vol. 8(3), pages 1-60.
    3. Ian Hawkesworth & Daniel Bergvall & Richard Emery & Joachim Wehner, 2008. "Budgeting in Greece," OECD Journal on Budgeting, OECD Publishing, vol. 8(3), pages 1-50.
    4. Dirk-Jan Kraan & Joachim Wehner & Kirsten Richter, 2008. "Budgeting in Estonia," OECD Journal on Budgeting, OECD Publishing, vol. 8(2), pages 1-40.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Milana OTRUSINOVÁ, 2016. "Public sector accounting in the Czech Republic and Slovakia," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2016(27), pages 30-45, Decembre.
    2. Christofzik, Désirée I., 2019. "Does accrual accounting alter fiscal policy decisions? - Evidence from Germany," European Journal of Political Economy, Elsevier, vol. 60(C).
    3. Maria Ciurea, 2018. "Considerations on the Need to Implement International Accounting Standards for the Public Sector in Romania," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 18(1), pages 35-44.
    4. Irlan Fery, 2018. "The Influence of Information Technology on Application of Accrual Accounting," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 8(3), pages 194-208, July.
    5. Cristina Silvia NISTOR & Cristina Alexandrina ȘTEFĂNESCU, 2021. "The Link Between Public Management and Accounting from the Point of View of Performance," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 2(1), pages 60-72, January.
    6. Martin Dvořák, 2016. "The rate of implementation of accrual based accounting in the EU public sector [Míra implementace akruálního principu v účetnictví veřejného sektoru států EU]," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2016(3), pages 25-37.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. António Afonso & Peter Claeys & Ricardo Sousa, 2011. "Fiscal regime shifts in Portugal," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 10(2), pages 83-108, August.
    2. Violeta Vulovic, 2010. "The effect of sub-national borrowing control on fiscal sustainability: How to regulate?," Working Papers 2010/36, Institut d'Economia de Barcelona (IEB).
    3. Ringa Raudla & Sebastian Bur & Kati Keel, 2020. "The Effects of Crises and European Fiscal Governance Reforms on the Budgetary Processes of Member States," Journal of Common Market Studies, Wiley Blackwell, vol. 58(3), pages 740-756, May.
    4. Miranda Sarmento, J. & Renneboog, L.D.R., 2014. "The Portuguese Experience with Public-Private Partnerships," Discussion Paper 2014-005, Tilburg University, Center for Economic Research.
    5. Zsolt Darvas & Valentina Kostyleva, 2011. "The fiscal and monetary institutions of CESEE countries," Working Papers 494, Bruegel.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:jfr:rwe111:v:6:y:2015:i:3:p:23-35. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gina Perry (email available below). General contact details of provider: http://rwe.sciedupress.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.