Accounting for Capital Assets in the Public Sector: Difference between Accounting Standards Boards in the United States

  • Josep L. Cortès
Chapter

Abstract

Accounting for capital assets is one of the most controversial issues in the public sector and diverse accounting practices are adopted for reporting them around the world. It depends mainly on the basis of accounting and measurement focus adopted by governments and other public sector entities. In this paper I analyze this issue in the United States

Keywords

Account Standard Capital Asset Historical Cost General Account Office Governmental Fund 
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References

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Copyright information

© Springer Science+Business Media Dordrecht 2001

Authors and Affiliations

  • Josep L. Cortès

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