IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this paper or follow this series

Capital Assets in Governmental Accounting Reforms

  • J. CHRISTIAENS

    ()

  • C. VANHEE

    ()

Although some efforts have been made over the last 20 years, governmental capital assets are still the subject of many unresolved questions. After presenting an overview of the current differing accounting standards or research efforts with respect to governmental capital assets, this paper analyses the criteria of recognition, valuation and disclosure of capital assets in the reform of three kinds of Flemish governments. Their reformed accounting system is compared with IPSAS 17 (IFAC), being an important internationally driven milestone considering capital assets. An important issue is the lack of a conceptual framework regarding capital assets and an attempt is made to canalise the existing ideas. An important issue in governmental accounting is the first balance sheet approach when accounting reforms are implemented. This study indicates that the lack of distinguishing a separate accounting framework for capital assets with respect to the first balance sheet, causes a lot of confusion in the discussion about accounting standards. Finally, the paper aims at providing experiences in analysing governmental accounting standards for capital assets. The examination of the adoption reveals that the accounting reforms usually do not take into account the specific governmental characteristics of capital assets.

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: http://wps-feb.ugent.be/Papers/wp_03_207.pdf
Download Restriction: no

Paper provided by Ghent University, Faculty of Economics and Business Administration in its series Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium with number 03/207.

as
in new window

Length: 31 pages
Date of creation: Dec 2003
Date of revision:
Handle: RePEc:rug:rugwps:03/207
Contact details of provider: Postal: Hoveniersberg 4, B-9000 Gent
Phone: ++ 32 (0) 9 264 34 61
Fax: ++ 32 (0) 9 264 35 92
Web page: http://www.ugent.be/eb

More information through EDIRC

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

as in new window
  1. Norvald Monsen, 2001. "Cameral accounting and cash flow reporting: some implications for use of the direct or indirect method," European Accounting Review, Taylor & Francis Journals, vol. 10(4), pages 705-724.
  2. Johan Christiaens & Séverine Hermans, 2002. "La réforme comptable dans les communes flamandes: une étude empirique des comptes annuels," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 45(1), pages 91-115.
Full references (including those not matched with items on IDEAS)

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:rug:rugwps:03/207. 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: (Nathalie Verhaeghe)

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.