Publication type: Conference paper
Type of review: Peer review (abstract)
Title: Accuracy or rule of thumb? : taking stock of current value estimation practices for GFS reporting purpose
Authors : Horni, Pascal
Bergmann, Andreas
et. al : No
Conference details: EURAM Conference 2019, Lisbon, Portugal, 26-28 June 2019
Issue Date: 2019
Language : English
Subject (DDC) : 350: Public administration
658.1: Organization and finance
Abstract: There are some major conceptual differences between government financial statistics (GFS) and public sector accounting, since both Public Financial Management (PFM) instruments fulfil different reporting purposes and cover different user needs. Nevertheless, GFS is dependent on data input from accounting. In that view, GFS data quality is often deemed to be adversely affected by the prevalence of heterogeneous accounting practices and the application of different bases, as it makes different material adjustments necessary in the data compiling process (Dabbicco, 2013). However, even under IPSAS compliant accrual accounting, GFS data accuracy could be limited due to conceptual differences related to the measurement of stock positions, which shall be valued at market value according to the GFS Manual 2014 (GFSM2014). On the contrary, IPSAS allow to account for assets by using historic costs, which might leads to some discrepancies between the two PFM reporting instruments, making bridging adjustments indispensable even under the regime of accrual accounting. This paper aims to contribute to the overarching discourse on GFS data accuracy by conceptually discussing different current value estimation practices and assessing a sample of OECD countries current bridging adjustment techniques based on a qualitative survey.
URI: https://digitalcollection.zhaw.ch/handle/11475/19803
Fulltext version : Published version
License (according to publishing contract) : Licence according to publishing contract
Departement: School of Management and Law
Organisational Unit: Institute of Public Management (IVM)
Appears in Collections:Publikationen School of Management and Law

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