Abstract
The objective of this chapter is to explore the usefulness of accounting frameworks as a reference for providing valuable information to support financial sustainability. The chapter defines the concepts and scope of accounting frameworks and financial sustainability. Following these explanations, we elaborate on how these accounting frameworks, including financial accounting, management accounting, budgeting systems, national accounts and performance reporting systems, may contribute to financial sustainability of public sector entities.
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
References
Adams, C. A., Muir, S., & Hoque, Z. (2014). Measurement of Sustainability Performance in the Public Sector. Sustainable Accounting, Management and Policy Journal, 5(1), 46–67.
Antonio, J. F., & Hay, L. E. (1990). What Users Want in Government Financial Reports. Journal of Accountancy, 170(2), 91–98.
Ball, A., Grubmic, S., & Birchall, S. J. (2014). Sustainability Accounting and Accountability in the Public Sector. In J. Bebbington, J. Unerman, & B. O’Dwyer (Eds.), Sustainability Accounting and Accountability (2nd ed., pp. 176–197). London/New York: Routledge.
Berger, P. L., & Luckmann, T. (1966). The Social Construction of Reality: A Treatise in the Sociology of Knowledge. Garden City: Doubleday.
Biondi, Y. (2018). The Financial Sustainability Conundrum in Central Government. Accounting, Economics and Law. https://doi.org/10.1515/ael-2018-0003
Bowman, W. (2011). Finance Fundamentals for Nonprofits Building Capacity and Sustainability (Wiley Nonprofit Authority). Hoboken: Wiley.
Brusca, I., Manes Rossi, F., & Aversano, N. (2015). Drivers for the Financial Condition of Local Government: A Comparative Study Between Italy and Spain. Lex Localis – Journal of local self-government, 13(2), 161–184.
Carmeli, A. (2007). The Effect of Fiscal Conditions of Local Government Authorities on Their Economic Development. Economic Development Quarterly, 21(1), 91–98.
Carnegie, G. D., & West, B. P. (2005). Making Accounting Accountable in the Public Sector. Critical perspectives on Accounting, 16(7), 905–928.
Caruana, J., & Grima, L. (2019). IPSAS, ESA and the Fiscal Deficit – A Question of Calibration. Public Money and Management.
CICA. (1997). Indicators of Government Financial Condition. Toronto: Canadian Institute of Chartered Accountants.
Cohen, S., & Karatzimas, S. (2015). Tracing the Future of Reporting in the Public Sector: Introducing Integrated Popular Reporting. International Journal of Public Sector Management, 28(6), 449–460.
Cohen, S., Doumpos, M., Neofytou, E., & Zopounidis, C. (2012). Assessing Financial Distress Where Bankruptcy Is Not an Option: An Alternative Approach for Local Municipalities. European Journal of Operational Research, 218(1), 70–279.
Dennis, I. (2018). What Is a Conceptual Framework for Financial Reporting? Accounting in Europe. https://doi.org/10.1080/17449480.2018.1496269
Drew, J., & Dollery, B. (2014). The Impact of Metropolitan Amalgamations in Sydney on Municipal Financial Sustainability. Public Money and Management, 34(4), 281–288.
EC. (2013). Report from the Commission to the Council and the European Parliament – Towards Implementing Harmonised Public Sector Accounting Standards in MS – The Suitability of IPSAS for the MS. Publication Office Luxembourg.
EC. (2016). Fiscal Sustainability Report 2015. https://ec.europa.eu
EC. (2017). European Semester Thematic Factsheet. Sustainability of Public Finances. https://ec.europa.eu
García-Sanchez, I. M., Cuadrado-Ballesteros, B., & Frias-Aceituno, J. (2013). Determinants of government effectiveness. International Journal of Public Administration, 36(8), 567–577.
Groves, S. M., & Valente, M. G. (2003). Evaluating Association, Financial Condition (4th ed.). Washington, DC: International City/Country Management.
IPSASB. (2013). Reporting on the Long-Term Sustainability of Public Sector Entity’s Finances. Recommended Practice Guideline No. 3.
IPSASB. (2014). Handbook of International Public Sector Accounting Pronouncements. New York: IFAC.
Jones, S., & Walker, R. G. (2007). Explanators of Local Government Distress. Abacus, 43(3), 396–418.
Kaufmann, D., Kraay, A., & Mastruzzi, M. (2010). The Worldwide Governance Indicators. Methodology and Analytical Issues. Policy Research Working Paper No. 5430, Development Research Group, the World Bank. Available at: http://econ.worldbank.org
Kleine, R., Kloha, P., & Weissert, C. (2003). Monitoring Local Government Fiscal Health: Michigan’s New 10 Points Scale of Fiscal Distress. Government Finance Review, 19(3), 18–23.
Lamberton, G. (2005). Sustainability Accounting—A Brief History and Conceptual Framework. Accounting Forum, 29(1), 7–26.
Liguori, M., Sicilia, M., & Steccolini, I. (2012). Some Like it Non-Financial… Politicians’ and Managers’ Views on the Importance of Performance Information. Public Management Review, 14(7), 903–922.
Mack, J., & Ryan, C. (2007). Is There an Audience for Public Sector Annual Reports: Australian Evidence? International Journal of Public Sector Management, 20(2), 134–146.
McKinney, J. (2015). Effective Financial management in Public and Nonprofit Agencies (4th ed.). Santa Barbara: Praeger.
Navarro-Galera, A., Rodríguez Bolívar, M. P., Alcaide Muñoz, L., & López Subires, M. D. (2016). Measuring the Financial Sustainability and Its Influential Factors in Local Governments. Applied Economics, 48(41), 3961–3975.
Padovani, E., & Scorsone, E. (2011). Measuring Financial Health of Local Governments: A Comparative Framework. In Yearbook of Swiss Administrative Sciences, Swiss Society of Administrative Sciences (pp. 93–104). Zurich: Swiss Society of Administrative Sciences.
Padovani, E., Young, D. W., & Scorsone, E. (2018). The Role of a Municipality’s Financial Health in a Firm’s Siting Decision. Business Horizons, 61(2), 181–190.
Rodríguez Bolívar, M. P. (2017). Financial Sustainability in Public Administration. A Synthesis of the Contributions for Improving Financial Sustainability. In M. Rodríguez (Ed.), Financial Sustainability in Public Administration. Cham: Palgrave Macmillan.
Rodríguez Bolívar, M. P., Navarro, A., Alcaide, L., & López, M. D. (2014). Factors Influencing Local Government Financial Sustainability: An Empirical Study. Lex Localis–Journal of Local Self- Government, 12(1), 31–54.
Rodríguez Bolívar, M. P., Navarro Galera, A., Alcaide Muñoz, L., & López Subirés, M. D. (2016). Risk Factors and Drivers of Financial Sustainability in Local Government: An Empirical Study. Local Government Studies, 42(1), 29–51.
Torres, V., & Pina, L. (2001). Analysis of the Efficiency of Local Government Services Delivery: An Application to Urban Public Transport. Transportation Research Part A: Policy and Practice, 35A(10), 929–944.
Zafra Gómez, J. L., López Hernández, A. M., & Hernández Bastida, A. (2009). Developing a Model to Measure Financial Condition in Local Government. The American Review of Public Administration, 39, 425–449.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2019 The Author(s)
About this chapter
Cite this chapter
Caruana, J., Brusca, I., Caperchione, E., Cohen, S., Manes Rossi, F. (2019). Exploring the Relevance of Accounting Frameworks in the Pursuit of Financial Sustainability of Public Sector Entities: A Holistic Approach. In: Caruana, J., Brusca, I., Caperchione, E., Cohen, S., Manes Rossi, F. (eds) Financial Sustainability of Public Sector Entities. Public Sector Financial Management. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-06037-4_1
Download citation
DOI: https://doi.org/10.1007/978-3-030-06037-4_1
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-06036-7
Online ISBN: 978-3-030-06037-4
eBook Packages: Political Science and International StudiesPolitical Science and International Studies (R0)