The applicable base of the accountancy in the public sector

Daniela Georgieva

Economic Thought journal, 2016, issue 5, 108-118

Abstract: The article focuses on the characteristics, advantages and disadvantages of the four bases, which are applicable in the practice of the different countries – a cash base of accountancy, a modified cash base, accrual base and accountancy on the grounds of the modified accrual base. The normative regulation of the different accounting bases in International Public Sector Accounting Standards (IPSAS) is presented. The standpoint is highlighted that the accountancy on a modified base has advantages in view of the specificities of the public sector in comparison with the accountancy on the base of the full application of the accrual accounting concept. In the context of the present audit of the Cash Basis IPSAS, the point of view is expressed, that it has to regulate the specific requirements regarding the application of the modified base of accounting.

Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://etj.iki.bas.bg/storage/app/uploads/public/ ... 176a783655231715.pdf
Fee access (Bulgarian)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bas:econth:y:2016:i:5:p:108-118

Access Statistics for this article

More articles in Economic Thought journal from Bulgarian Academy of Sciences - Economic Research Institute Contact information at EDIRC.
Bibliographic data for series maintained by Diana Dimitrova ().