Exploring determinant factors of differences between governmental accounting and national accounts budgetary balances in EU member-states
Autor(a) principal: | |
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Data de Publicação: | 2014 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | https://ciencia.iscte-iul.pt/public/pub/id/17812 http://hdl.handle.net/10071/8372 |
Resumo: | Framed by the earnings management approach, this paper addresses the relationship between budgetary balances according to Governmental Accounting (GA) and National Accounts (NA), exploring factors that may explain both the materiality and diversity of the adjustments to be made when translating data from one into the other. Using data from Excessive Deficits Procedure reporting, embracing all EU member-States from 2007 to 2010, the analysis confirms that GA-NA adjustments reflect conceptual differences between the two systems, namely concerning recognition criteria. Regarding potential factors explaining adjustments, while none of the economic policy variables considered was found relevant in explaining either diversity or materiality, all technical accounting variables analyzed explained materiality, although only GA accounting basis explained diversity. As contributions to policy-making, this research shows that changing GA reporting basis into accruals reduces adjustments’ materiality and diversity. Therefore, in order to improve the quality of GFS, it is highly recommendable to achieve a GA system harmonized across Europe, such as IPSASs or EPSASs, allowing only very few options and imposing the accrual basis in both budgetary and financial systems. Also relevant is the need to strengthen the role of control and auditing in the GA reporting process, e.g. by Supreme Audit Institutions and external private firms, in order to avoid accounting discretion. |
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Exploring determinant factors of differences between governmental accounting and national accounts budgetary balances in EU member-statesBudgetary reportingNational AccountsAdjustmentsAccounting basisPublic deficitCentral Government.Framed by the earnings management approach, this paper addresses the relationship between budgetary balances according to Governmental Accounting (GA) and National Accounts (NA), exploring factors that may explain both the materiality and diversity of the adjustments to be made when translating data from one into the other. Using data from Excessive Deficits Procedure reporting, embracing all EU member-States from 2007 to 2010, the analysis confirms that GA-NA adjustments reflect conceptual differences between the two systems, namely concerning recognition criteria. Regarding potential factors explaining adjustments, while none of the economic policy variables considered was found relevant in explaining either diversity or materiality, all technical accounting variables analyzed explained materiality, although only GA accounting basis explained diversity. As contributions to policy-making, this research shows that changing GA reporting basis into accruals reduces adjustments’ materiality and diversity. Therefore, in order to improve the quality of GFS, it is highly recommendable to achieve a GA system harmonized across Europe, such as IPSASs or EPSASs, allowing only very few options and imposing the accrual basis in both budgetary and financial systems. Also relevant is the need to strengthen the role of control and auditing in the GA reporting process, e.g. by Supreme Audit Institutions and external private firms, in order to avoid accounting discretion.Universitatea Babes-Bolyai2015-01-26T11:35:13Z2014-01-01T00:00:00Z20142015-01-26T11:33:39Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://ciencia.iscte-iul.pt/public/pub/id/17812http://hdl.handle.net/10071/8372eng2247–8310Jorge, S. M.Jesus, M.Laureano, R. M. S.info:eu-repo/semantics/embargoedAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-09T17:32:55Zoai:repositorio.iscte-iul.pt:10071/8372Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T22:14:48.055380Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Exploring determinant factors of differences between governmental accounting and national accounts budgetary balances in EU member-states |
title |
Exploring determinant factors of differences between governmental accounting and national accounts budgetary balances in EU member-states |
spellingShingle |
Exploring determinant factors of differences between governmental accounting and national accounts budgetary balances in EU member-states Jorge, S. M. Budgetary reporting National Accounts Adjustments Accounting basis Public deficit Central Government. |
title_short |
Exploring determinant factors of differences between governmental accounting and national accounts budgetary balances in EU member-states |
title_full |
Exploring determinant factors of differences between governmental accounting and national accounts budgetary balances in EU member-states |
title_fullStr |
Exploring determinant factors of differences between governmental accounting and national accounts budgetary balances in EU member-states |
title_full_unstemmed |
Exploring determinant factors of differences between governmental accounting and national accounts budgetary balances in EU member-states |
title_sort |
Exploring determinant factors of differences between governmental accounting and national accounts budgetary balances in EU member-states |
author |
Jorge, S. M. |
author_facet |
Jorge, S. M. Jesus, M. Laureano, R. M. S. |
author_role |
author |
author2 |
Jesus, M. Laureano, R. M. S. |
author2_role |
author author |
dc.contributor.author.fl_str_mv |
Jorge, S. M. Jesus, M. Laureano, R. M. S. |
dc.subject.por.fl_str_mv |
Budgetary reporting National Accounts Adjustments Accounting basis Public deficit Central Government. |
topic |
Budgetary reporting National Accounts Adjustments Accounting basis Public deficit Central Government. |
description |
Framed by the earnings management approach, this paper addresses the relationship between budgetary balances according to Governmental Accounting (GA) and National Accounts (NA), exploring factors that may explain both the materiality and diversity of the adjustments to be made when translating data from one into the other. Using data from Excessive Deficits Procedure reporting, embracing all EU member-States from 2007 to 2010, the analysis confirms that GA-NA adjustments reflect conceptual differences between the two systems, namely concerning recognition criteria. Regarding potential factors explaining adjustments, while none of the economic policy variables considered was found relevant in explaining either diversity or materiality, all technical accounting variables analyzed explained materiality, although only GA accounting basis explained diversity. As contributions to policy-making, this research shows that changing GA reporting basis into accruals reduces adjustments’ materiality and diversity. Therefore, in order to improve the quality of GFS, it is highly recommendable to achieve a GA system harmonized across Europe, such as IPSASs or EPSASs, allowing only very few options and imposing the accrual basis in both budgetary and financial systems. Also relevant is the need to strengthen the role of control and auditing in the GA reporting process, e.g. by Supreme Audit Institutions and external private firms, in order to avoid accounting discretion. |
publishDate |
2014 |
dc.date.none.fl_str_mv |
2014-01-01T00:00:00Z 2014 2015-01-26T11:35:13Z 2015-01-26T11:33:39Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://ciencia.iscte-iul.pt/public/pub/id/17812 http://hdl.handle.net/10071/8372 |
url |
https://ciencia.iscte-iul.pt/public/pub/id/17812 http://hdl.handle.net/10071/8372 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
2247–8310 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/embargoedAccess |
eu_rights_str_mv |
embargoedAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universitatea Babes-Bolyai |
publisher.none.fl_str_mv |
Universitatea Babes-Bolyai |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799134705344315392 |