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
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Federal Accounting Standards Board (1993) SFFAC no. 1: Objectives of Federal Financial Reporting, FASAB, Washington.
Federal Accounting Standards Board (1995) SFFAS no. 6: Accounting for Property, Plant and Equipment (PPandE), FASAB, Washington.
Federal Accounting Standards Board (1996) SFFAS no. 8: Supplementary Stewardship Reporting, FASAB, Washington.
Federal Accounting Standards Board (1997) Exposure Draft: Governmentwide Supplementary Stewardship Reporting, FASAB, Washington.
Federal Accounting Standards Board (1998) SFFAS no. 11: Amendments to accounting for PPandE, FASAB, Washington.
Federal Accounting Standards Board (1998) Exposure Draft: Amendments to Deferred Maintenance Reporting, FASAB, Washington.
General Accounting Office (1998) 1997 Consolidated Financial Statements of the United States Government, GAO, Washington.
Governmental Accounting Standards Board (1997a) Exposure Draft: Basic Financial Statements-and Management’s Discussion and Analysis-for State and Local Governments, GASB, Norwalk.
Governmental Accounting Standards Board (1997b) Exposure Draft: Basic Financial Statements-and Management’s Discussion and Analysis-for Public Colleges and Universities, GASB, Norwalk.
Governmental Accounting Standards Board (1997c) Codification of Governmental Accounting and Financial Reporting Standards as of June 30, 1997, GASB, Norwalk.
Liider, K. (1992) A Contingency Model of Governmental Accounting Innovations in the Political-Administrative Environment, In: James L. Chan and James M. Patton (eds.), Research in Governmental and Nonprofit Accounting, Vol. 7, JAI Press Inc., Greenwich, 99–127.
Rowles, T. (1992) Financial Reporting of Infrastructure and Heritage Assets by Public Sector Entities, Australian Accounting Research Foundation Discussion Paper no. 17, AARF, Caulfield.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2001 Springer Science+Business Media Dordrecht
About this chapter
Cite this chapter
Cortès, J.L. (2001). Accounting for Capital Assets in the Public Sector: Difference between Accounting Standards Boards in the United States. In: Bac, A.D. (eds) International Comparative Issues in Government Accounting. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-5563-3_14
Download citation
DOI: https://doi.org/10.1007/978-1-4757-5563-3_14
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4419-4881-6
Online ISBN: 978-1-4757-5563-3
eBook Packages: Springer Book Archive