Public sector consolidated financial statements: a structured literature review

Serena Santis, Giuseppe Grossi and Marco Bisogno

Journal of Public Budgeting, Accounting & Financial Management, 2018, vol. 30, issue 2, 230-251

Abstract: Purpose - The purpose of this paper is to review and analyze the literature on consolidated financial statements (CFS) in the public sector published from 1980 to 2015 in public sector accounting and management journals, and propose a future research agenda. Design/methodology/approach - Adopting a structured literature review methodology, the authors investigate how the CFS literature is developing and what its focus is. Findings - The authors identify five major topics: the definition of the consolidation area; the identification of the reporting entity; the private vs public sector accounting standard dichotomy; the relationship with the statistical rules; and the usefulness of CFS. Originality/value - The authors analyze these topics, highlighting the growing implementation of CFS in different contexts (mainly focusing on governments outside the USA) and provide suggestions for future research.

Keywords: Public sector; Structured literature review; Consolidated financial statements; Whole-of-government accounts (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eme:jpbafm:jpbafm-02-2018-0017

DOI: 10.1108/JPBAFM-02-2018-0017

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