IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

A Comprehensive Review of the Financial Reporting System of Higher Education and a Recommendation

  • Mihály Ormos


    (Budapest University of Technology and Economics)

  • Attila Veress


    (Budapest Business School)

The 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.

If 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.

File URL:
Download Restriction: no

Article provided by State Audit Office of Hungary in its journal Public Finance Quarterly.

Volume (Year): 57 (2012)
Issue (Month): 2 ()
Pages: 234-256

in new window

Handle: RePEc:pfq:journl:v:57:y:2012:i:2:p:234-256
Contact details of provider: Web page:

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:pfq:journl:v:57:y:2012:i:2:p:234-256. See general 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 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 references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.