From Cash to Accrual Accounting: A Model to Evaluate the Performance of Public Museums

Elena Gori () and Silvia Fissi ()
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Elena Gori: University of Florence, Italy
Silvia Fissi: University of Florence, Italy

REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, 2013, vol. 14, issue 4, 519-541

Abstract: According to New Public Management principles, all sectors of public administration must be able to measure their annual performance multi-dimensionally, in order to evaluate the socio-economic impact of their activities. Public museums - state, municipal, university, etc. - are frequently part of the administration. In particular, the accounting data and, consequently, the final accounts are mixed with those of the museum’s public owner and they refer mainly to cash accounting principles, so it is impossible to correctly measure the annual economic, financial and assets performance of the museum. The paper identifies a methodology for quantifying the profit or the loss of the museum. The research method is mainly deductive, with successive steps. The paper begins with an analysis of the mainstream theories and techniques for performance measurement and ends with a critical analysis of the theoretical model.

Keywords: public museums; museums results; museum economic performance; multidimensional evaluation. (search for similar items in EconPapers)
JEL-codes: H83 M41 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:rom:rmcimn:v:14:y:2013:i:4:p:519-541

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