An analysis of the international proposals

Considering the modern market requirements and the government in the last decade that require two information systems: accounting and statistic. In accordance with these requirements, we believe it is very important to analyze the harmonizing of the two systems between Government Finance Statistics...

Full description

Saved in:
Bibliographic Details
Published in:Accounting and management information systems 2014-12, Vol.13 (4), p.800
Main Authors: Andrei Razvan, Crisan, Timea Fülöpa, Melinda
Format: Article
Language:English
Subjects:
Accounting standards
Accounting systems
Annual reports
Balance sheets
Cash flow statements
Comparative analysis
Financial reporting
Government
Information systems
International accounting standards
International finance
International Financial Reporting Standards
International Public Sector Accounting Standards
Private sector
Public sector
Qualitative research
Trends
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Considering the modern market requirements and the government in the last decade that require two information systems: accounting and statistic. In accordance with these requirements, we believe it is very important to analyze the harmonizing of the two systems between Government Finance Statistics (GFS), used in support of macroeconomic analysis and General Purpose Financial Reports (GPFR) according with International Public Sector Accounting Standards, used for making decisions and accountability in the public sector entities. The purpose of the article is to make a comparison between GFS and GPFR in order to determine the similarity and dissimilarity level between them. Moreover, the article purposes to examine the comment letters of the Consultation Paper - IPSASs and Government Finance Statistics Reporting Guidelines and presents the latest news in the field of GFS system. The research results highlight that the similarity level between GFS and IPSAS is low, so we consider that the harmonization efforts are early.
ISSN:1843-8105
2559-6004