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Title: The role of heritage assets in public financial reporting : an assessment on the current status of financial reporting of heritage assets in Switzerland
Authors : Schuler, Christoph
Fuchs, Sandro
Bergmann, Andreas
Published in : Yearbook of Swiss Administrative Sciences
Volume(Issue) : 2015
Pages : 197
Pages to: 211
Publisher / Ed. Institution : Schweizerische Gesellschaft für Verwaltungswissenschaften
Issue Date: 1-Jan-2015
License (according to publishing contract) : CC BY-NC 4.0: Namensnennung - Nicht kommerziell 4.0 International
Type of review: Peer review (Publication)
Language : English
Subjects : IPSAS; Public financial management; Heritage assets; Financial reporting
Subject (DDC) : 350: Public administration
658.1: Organization and finance
Abstract: In the wake of public financial management reforms, academics and practitioners have discussed and elaborated the impact of accounting reforms on heritage assets for more than three decades. Both national and international standard-setting bodies and the scientific community were not able to provide a common definition for heritage asset in an accounting context. This article presents the most relevant definitions used in public financial management as well as it elaborates on the critical issues concerning recognition, measurement and disclosure of heritage assets. Based on publicly accessible documents from twenty Swiss states and selected interviews with accounting officers from these states this paper presents an overview of what importance is being given to heritage assets in public financial reporting in Switzerland. The empirical results indicate that despite modern public financial management regimes (i.e. HAM2 or IPSAS) transparency regarding heritage assets remains very limited. As a result, recommendations for, but not limited to Switzerland are presented, which offer a possible approach to increase the level of information available on heritage assets in financial reporting.
Departement: School of Management and Law
Organisational Unit: Institute of Public Management (IVM)
Publication type: Article in scientific Journal
DOI : 10.21256/zhaw-4663
ISSN: 2296-8717
Appears in Collections:Publikationen School of Management and Law

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