scholarly journals Accrual accounting and public finance reforms in Hungary: the study of application in the public sector

2020 ◽  
Vol 183 (5-6) ◽  
pp. 89-105
Author(s):  
Csaba Lentner ◽  
◽  
Petronella Molnar ◽  
Vitez Nagy ◽  
◽  
...  
Keyword(s):  
Public Finance ◽  
Public Sector ◽  
Historical Background ◽  
Accounting System ◽  
The European Union ◽  
Accrual Accounting ◽  
Public Funds ◽  
The Public ◽  
Table Analysis ◽  
The Impact

Introduction. The increasing measurability of performances in the public sector in the countries of the post-soviet region, including Hungary, has come to the limelight in recent decades. Accrual accounting, adopted in Hungary in 2014 on the recommendation of the European Union, provides decision-makers with reliable information and simultaneously improves transparency in spending. Purpose and Methodology. This study focuses on the impacts and synergies of the parallel comprehensive reforms in the public finances and the adoption of the accrual accounting system. We conducted an empirical research among 2425 budgetary organisations (during June 2018 - January 2019) and analysed the correlation between the variables with cross-table analysis. Our survey covered 19.1 per cent of all the budget organisations in Hungary. Thus, thanks to the sample size the survey results analysis gives a comprehensive view of the entire country based on the real feedback regarding the implementation of the new practices. Results. In the course of the survey, the organisations were asked to describe how they were affected by the transition to the new accounting system, how they had prepared for the statutory changes and compliance, what additional tasks the adoption of the new system required of them, and how they evaluated the impacts of the application of accrual accounting after five years. The inquiry focussed on the impact this new accrual-based accounting system had on the business management of the given organisation and thus the efficient use of public funds. The results confirm that the historical background and the peculiarities of managing public funds in a country should also be taken into account during the adoption of reforms along with thorough preparation. Our research also sheds light on the fact that the successful 2014 adoption of accrual accounting could achieve its full purpose in an environment ensured by comprehensive public finance reforms and laws adopted after 2010. In other words, the precondition of enforcing the new rules of accrual accounting applied in the public sector included the reinforcement of budgetary regulation and control procedures. Conclusion. The study reports more favourable public sector procedures, proves that the adoption of accrual accounting has been justified and that the higher focus on performance and efficiency achieved through accrual accounting is important.

scholarly journals Prawnofinansowy status Agencji Nieruchomości Rolnych

2017 ◽  
pp. 119-134
Author(s):  
Wojciech Fill
Keyword(s):  
Public Finance ◽  
Public Sector ◽  
The State ◽  
Significant Part ◽  
Private Law ◽  
Financial Status ◽  
Legal Personality ◽  
The Public ◽  
Executive Agencies ◽  
The Impact

The legal-financial status of the Agricultural Property Agency is complex. Rights and obligations of the financial nature of the public are interspersed with numerous powers and duties of the sphere of private law. Specific elements shaping financial status Agency are organizational relationship and the capital of other legal entities, including primarily with the Treasury and the companies controlled by the Agency. They occur in the context of normative pass Agency to the public finance sector and its companies to the category of public sector entities. In view of the takeover by the executive agencies, a significant part of the tasks previously performed by the state without legal personality, budgetary establishments, precisely in this area normative appeared completely unique opportunity to examine the impact of the construction of legal personality to changes in the shape of subjectivity.

scholarly journals From Accountability to Readability in the Public Sector: Evidence from Italian Universities

2017 ◽  
Vol 12 (3) ◽  
pp. 27
Author(s):  
Alessandra Allini ◽  
Luca Ferri ◽  
Marco Maffei ◽  
Annamaria Zampella
Keyword(s):  
Public Sector ◽  
Financial Statements ◽  
Accounting System ◽  
Accrual Accounting ◽  
Accounting Systems ◽  
Balance Sheets ◽  
The Public ◽  
The Past ◽  
Italian Government ◽  
Final Sample

This paper aims to explore the readability of the disclosure provided by Italian universities that changed their accounting systems to accrual accounting over the past three years. The transition from cash to accrual accounting not only concerns financial statements, but also the related notes. Indeed, the Italian government has paid great attention to the narrative sections of reports due to their capacity to provide more transparency. To provide better accountability, financial statements must be readable for all stakeholders. We used two different indexes, namely the Gunning fog and GULPEase indexes. The analysis was conducted on a sample of universities to analyze the narrative sections of the first financial statements prepared according to the new accounting system in 2012–2014. The final sample comprised 32 Italian universities. The research results demonstrated low readability in the balance sheets of Italian universities after switching to accrual accounting, illustrating an unsatisfactory level of accountability.

Accrual accounting in Italian universities: a technical perspective

2015 ◽  
Vol 28 (6) ◽  
pp. 494-508 ◽  
Author(s):  
Tommaso Agasisti ◽  
Giuseppe Catalano ◽  
Ferdinando Di Carlo ◽  
Angelo Erbacci
Keyword(s):  
Public Sector ◽  
Accrual Accounting ◽  
Content Type ◽  
The Public ◽  
Accounting Principles ◽  
Low Degree ◽  
Accounting Rules ◽  
The Impact ◽  
Rules Set

Purpose – The purpose of this paper is to examine the impact of full accrual accounting on the Italian public universities and, in this context, how some technical-accounting problems typical of public sector (recognition and valuation issues) have been addressed. An additional purpose investigated in this paper is the role of International Public Sector Accounting Standards (IPSASs) in helping to overcome these technical-accounting issues, for the case under examination. Design/methodology/approach – The paper involves studying whether, and to what degree, some of the accounting choices made by the universities complied with the principles of full accrual accounting for several specific accounting registrations characterised by the presence of recognition and valuation issues. During this investigation, the paper also analyses whether the universities followed the accounting rules set out by the IPSAS Board. Findings – The findings highlight that, in general, there is a low degree of compliance with full accrual accounting principles and they also revealed that IPSASs do not provide any detailed guidelines that can help universities in overcoming the recognition and valuation problems typical of the public sector. Originality/value – The analysis presented in the paper confirms the findings of previous literature identifying a low level of compliance to full accrual accounting principles. This research shed light also on the longstanding debate about the role of IPSASs in promoting full accrual accounting in the public sector, revealing the scarce contribution of IPSASs to this process.

Crisis económica y Administración Pública

2014 ◽  
pp. 1091-1129
Author(s):  
Miriam CUETO PÉREZ
Keyword(s):  
European Union ◽  
Public Sector ◽  
Economic Crisis ◽  
The State ◽  
Legal Order ◽  
The European Union ◽  
The Public ◽  
The Impact

LABURPENA: Ekonomiaren krisiak ordenamendu juridikoan duen eragina jorratzen da lan honetan, urte hauetan zehar sortu eta ordenamendu juridikoari gehitu zaizkion ezaugarriak aztertuz. Administrazio publiko guztietan aurrekontu-egonkortasuna ezartzeko agindu du Europar Batasunak. Horrek Konstituzioa erreformarazi du eta ondorio eta erreforma ugari ekarri ditu sektore publikoan, batik bat antolamendu-ahalmenari eraginez. Erreforma horiek Estatuko lurralde bakoitzari zenbateraino eragiten dion ere baloratzen da. RESUMEN: Este trabajo tiene como objeto abordar la incidencia de la crisis económica en el ordenamiento jurídico analizando los rasgos que han ido surgiendo e incorporándose al ordenamiento jurídico a lo largo de estos años. La reforma de la Constitución como consecuencia de la exigencia de la Unión Europea de incorporar el principio de estabilidad presupuestaria vinculando a todas las Administraciones públicas ha traído importantes consecuencias y numerosas reformas en el sector público, afectando en especial a la potestad de organización. El alcance de esas reformas en los distintos niveles territoriales del Estado es igualmente objeto de valoración. ABSTRACT: This works aims at dealing with the impact of economic crisis in the legal order by analyzing the features that for the last years have arisen and been incorporated onto the legal order. The reform of the Constitution as a consequence of the European Union request of incorporating the principle of budgetary stability binding all public administrations has carried out important consequences and many reforms in the public sector, having a particular effect on the power of organization. The scope of those reforms in the several territorial levels of the State is likewise to be valued.

scholarly journals CURRENT TRENDS IN RESEARCH ON THE PROBLEMS OF ACCOUNTING, ANALYSIS AND AUDIT OF FIXED ASSETS OF THE PUBLIC SECTOR OF THE ECONOMICS IN THE PUBLICATIONS OF LOCAL SCIENTISTS

2021 ◽  
Author(s):  
Oleh Vysochan ◽  
Julianna Fok
Keyword(s):  
Public Sector ◽  
International Standards ◽  
Accounting System ◽  
Scientific Publications ◽  
The Public ◽  
Current Trends ◽  
Fixed Assets ◽  
Time Standards ◽  
Stage 1 ◽  
The Impact

The article examines the level of development of the topic and highlights current trends in research on accounting, analysis and audit of fixed assets in the public sector based on 26 publications of Ukrainian scientists published in professional journals over the past decade. The urgency of the problem is related primarily to changes in the methodology of accounting for fixed assets in connection with the adoption of National regulations (standards) of accounting in the public sector, adapted to international standards and their maximum approximation to the NR(S)A of commercial sector. It is proposed to distinguish the following stages in the recent history of research on budget accounting, analysis and audit of fixed assets: stage 1 (until 2014) – preparatory, related to the study of the impact developed at that time standards on the current state of the accounting system in the public sector; stage 2 (2015-2016) – transformational, during which scientists set themselves the goal of solving the problems of transition of budgetary institutions to new accounting standards; stage 3 (2017 – present) – modern, associated with the reorientation of the interests of scientists to address methodological issues related to the reflection in the accounting of fixed assets. Peak levels of publishing activity were observed after the introduction of basic regulations on the accounting of fixed assets in 2015 and 2017. A high degree of research into the problem of accounting for fixed assets in the public sector of the economy has been demonstrated, but with a significant tendency of modern scientists to use it as an information base for their own articles of legislation and educational literature. The problem of relatively low level of citation in the works of domestic researchers of scientific publications on the subject of fixed assets accounting is pointed out. Insufficient work has been established to reflect information on the availability and movement of fixed assets in the reporting of public sector entities, especially statistics, as well as the formation of indicators of primary documentation.

scholarly journals Transparency and Public Accountability Through Public Sector Accounting: The Use of ‘Value For Money’ Concept in Indonesia

2019 ◽  
Vol 1 (1) ◽  
pp. 30-33
Author(s):  
Jeki Trimarstuti
Keyword(s):  
Public Finance ◽  
Public Sector ◽  
Accounting System ◽  
Analysis Method ◽  
Public Accountability ◽  
Value For Money ◽  
Public Accounting ◽  
The Public ◽  
Content Analysis Method ◽  
Public Sector Accounting

Two of the most fundamentalist concepts for reshaping the regional public finance are the transparency process and the public accountability through the public sector accounting. To support the realization of both of these ideas, there is a concept that has been discussed in the term of local public accounting system recently, which is called ‘Value for Money’. By using Content Analysis method, the aim of this study is to find out more about the issue problem and the use of ‘Value For Money’ to analyze the transparency and public accountability problem in Indonesia.

scholarly journals Factors affecting accrual accounting reform and transparency of performance in the public sector in Vietnam

2020 ◽  
Vol 18 (2) ◽  
pp. 180-193
Author(s):  
Phuong-Nguyen Thi Thanh ◽  
Hai-Phan Thanh ◽  
Tung-Nguyen Thanh ◽  
Tien-Vo Thi Thuy
Keyword(s):  
Public Sector ◽  
Work Experience ◽  
Positive Impact ◽  
Small Sample ◽  
Accounting System ◽  
Accrual Accounting ◽  
Factors Affecting ◽  
Technology Application ◽  
The Public ◽  
Short Period

This study was conducted to determine the factors and their influence on accrual accounting reform in the public sector in Vietnam. Combining qualitative and quantitative research methods based on empirical surveys of 268 accountants, controllers, and auditors working in state agencies such as the Department of Finance, state treasuries and agencies receiving revenues from the state budget in 2019. This study shows that six factors influence the reform of the accounting system in the public sector in Vietnam to accrual-based: accounting staff – especially their expertise, competence, and work experience; training and support of the consulting experts; costs of the accounting reform; level of information technology application; funding and assistance from international organizations; legal environment.At the same time, the accrual-based accounting reform will have a positive impact on improving the transparency and efficiency of public sector operations in Vietnam. Among the factors affecting accounting reform, the legal environment factor is the most influential determinant, followed by the contingent of accountants. The study’s limitation is that the new experimental investigation is only conducted with a small sample size and in a short period. However, the research results are also a useful reference for those who are interested in the context that Vietnam is preparing to have strong reforms in accounting in the public sector in the coming time.

scholarly journals Cash to accrual accounting: Does it mean more control for the public sector? The case of revenue from non-exchange transactions

2013 ◽  
Vol 3 (4) ◽  
pp. 28-35
Author(s):  
Francesco Capalbo ◽  
Marco Sorrentino
Keyword(s):  
Public Sector ◽  
Financial Management ◽  
Public Management ◽  
New Public Management ◽  
Accounting System ◽  
Accrual Accounting ◽  
The Public ◽  
Accounting Measurement ◽  
New Public ◽  
Exchange Transactions

Within the New Public Management, a fundamental role is played by changes in accounting measurement and recognition systems (in this case, the literature speaks specifically of New Public Financial Management). It has been substantially characterized by a gradual shift from cash to accrual accounting. In light of it, this paper aims to analyze some of the most significant conceptual and practical implications associated with the use of accrual accounting in the public sector – such as Italy’s, where most entities still use cash accounting – by looking closely at that full-accrual standard that seem to best show the system’s innovative reach: IPSAS 23 – Revenue from Non-Exchange Transactions (Taxes and Transfers). The switch-over broadens the scope of the accounting system, thereby leading to the recognition and consequent valuation of all the resources of any public-sector entity in its financial statements. As is often the case, though, greater utility implies greater complexity and innumerable elements of uncertainty are evidently still present.

scholarly journals The effects of the implementation of Law no. 153/2017 on the unitary remuneration of personnel paid from public funds

2021 ◽  
pp. 49-66
Author(s):  
Constantin Marius PROFIROIU ◽  
Tudorel ANDREI ◽  
Dragoș DINCĂ
Keyword(s):  
Public Sector ◽  
Public Administration ◽  
Significant Proportion ◽  
Individual Performance ◽  
Payment System ◽  
Civil Servants ◽  
Public Funds ◽  
Remuneration System ◽  
The Public ◽  
The Impact

Regarding remuneration, the last 20 years in the Romanian public sector have been marked by extensive debates on the discrepancies between the incomes of the different categories of public personnel, the differences in the application of the legal framework, as well as the lack of correlation between the results of individual work performance and the level of remuneration. The low level of remuneration and the lack of legal forms for rewarding public personnel for their achievements as a form of developing motivation, led to low performance in the public sector. In 2017, the Romanian authorities conducted a reform regarding public personnel remuneration through the adoption of Law no. 153/2017 on the unitary remuneration of the personnel paid from public funds. The purpose of the mentioned law was to ensure a uniform remuneration framework in the public sector by applying clearly formulated principles and criteria as well as to decentralize the decisions taken in this area. From this perspective, the purpose of the present study is to analyze the impact of the implementation of Law no. 153/2017 on the unitary remuneration of the personnel paid from public funds from the perspective of its application, its effects, and the correlation of individual performance with the level of payment. Within the framework of the research, the process of applying the new rules, the principles underlying the new payment system, the criteria for adopting the new payment system, the level of income increases, the correlation between civil servants’ activities and the level of remuneration as well as, the objectivity of the individual evaluations were considered. The research methodology consists of an opinion survey conducted in public administration institutions using as a research instrument, a self-administered questionnaire where 320 civil servants participated. The study revealed a high degree of dissatisfaction among civil servants regarding the new remuneration system as well as the existence of certain factors that are more relevant and important than the income level, for developing civil servants’ motivation, such as the hierarchical superiors’ attitudes and the appreciation expressed by the beneficiaries of the provided services. The study also revealed that the current remuneration system does not support sufficiently the modernization process in the public administration and more than that, it led to an increase in the costs of implementing the regulations of the normative act because a significant proportion of public servants have contested in court the manner in which this law was applied

Sign in / Sign up

Export Citation Format

Share Document