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From Cash to Accrual Accounting: A Model to Evaluate the Performance of Public Museums

Author

Listed:
  • Elena GORI

    (University of Florence, Italy)

  • Silvia FISSI

    (University of Florence, Italy)

Abstract

According to New Public Management principles, all sectors of public administration must be able to measure their annual performance multi-dimensionally, in order to evaluate the socio-economic impact of their activities. Public museums - state, municipal, university, etc. - are frequently part of the administration. In particular, the accounting data and, consequently, the final accounts are mixed with those of the museum’s public owner and they refer mainly to cash accounting principles, so it is impossible to correctly measure the annual economic, financial and assets performance of the museum. The paper identifies a methodology for quantifying the profit or the loss of the museum. The research method is mainly deductive, with successive steps. The paper begins with an analysis of the mainstream theories and techniques for performance measurement and ends with a critical analysis of the theoretical model.

Suggested Citation

  • Elena GORI & Silvia FISSI, 2013. "From Cash to Accrual Accounting: A Model to Evaluate the Performance of Public Museums," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 14(4), pages 519-541, October.
  • Handle: RePEc:rom:rmcimn:v:14:y:2013:i:4:p:519-541
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    References listed on IDEAS

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    More about this item

    Keywords

    public museums; museums results; museum economic performance; multidimensional evaluation.;
    All these keywords.

    JEL classification:

    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • M41 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Accounting

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