Introduction
The traditional purpose of accounting in the public sector is to enable budget follow-up and confirm that the accountable government entities have used their budget money legally and accordingly to the binding budget. This is why budget-linked budgetary accounting is the core area of public sector accounting. The primary statement of budgetary accounting is the budget outturn statement. This statement may be disclosed for the whole budget, then separately for the current and capital budget, and, furthermore, for different sectoral functional areas inside the budget. There are big variations across countries on how budgets are structured and presented. The essential thing is that this way of formulating and presenting the budget determines the account scheme for the budgetary accounting and outturn reporting.
The other essential matter is that public sector...
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Oulasvirta, L. (2016). Accounting Principles. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_2278-2
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DOI: https://doi.org/10.1007/978-3-319-31816-5_2278-2
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Accounting Principles- Published:
- 18 July 2016
DOI: https://doi.org/10.1007/978-3-319-31816-5_2278-2
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Accounting Principles- Published:
- 10 May 2016
DOI: https://doi.org/10.1007/978-3-319-31816-5_2278-1