We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
Governmental Financial Accounting and European Harmonisation: Case Study of Finland.
- Authors
Oulasvirta, Lasse Olavi
- Abstract
The Finnish government accounting has developed from its own premises which used to emphasise the importance of budgetary accounting and prudence. Since the 1990s and the impact of New Public Financial Management, the Finnish government financial accounting has been accruals based. However, the Finnish application of accruals is based on the income statement approach, realisation principle and prudence. The International Public Sector Accounting Standards (IPSAS) based more on the balance sheet approach and fair value accounting are not suitable for the Finnish government accounting culture and practice. Furthermore, this means from the Finnish perspective that the EPSAS standards should not be based on IPSAS but on a conceptual framework especially developed for the European context.
- Subjects
GOVERNMENT accounting; PUBLIC sector; ACCOUNTING standards; ACCOUNTING methods; PUBLIC finance
- Publication
Accounting, Economics & Law, 2014, Vol 4, Issue 3, p237
- ISSN
2194-6051
- Publication type
Article
- DOI
10.1515/ael-2014-0006