Whole of Government Accounting

  • Giuseppe GrossiEmail author
Living reference work entry
DOI: https://doi.org/10.1007/978-3-319-31816-5_2293-1

Synonyms

Definition

The Whole of Government Accounting (WGA) refers to a view of the overall financial position of the government of a particular jurisdiction and is prepared via the consolidation of the financial statements and transactions of all entities controlled by the jurisdiction’s government (Guthrie 1998, p. 2).

Introduction

During the last decades, public sector organizations in several countries have undergone enormous changes. One of the most notable initiatives has been the externalization of public services through corporatization, contracting out, agencies, public and private partnerships, and privatization of activities and entities not at the core of public administration. All these initiatives are part of New Public Management (NPM). Definitions of NPM vary, but it is often taken involving downsizing, privatization, corporatization, competition, and devolution (Gruening 2001; Reichard 2002; Wollmann 2004).

The growing...

Keywords

Public Sector Account Standard International Account Standard Credit Rating Agency Consolidate Financial Statement 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
This is a preview of subscription content, log in to check access.

References

  1. Argento D, Grossi G, Vollenweider P (2012) Explaining the consolidation of financial statements in the Swiss Federal Government. In: Yearbook of Swiss Administrative Sciences. Swiss Society of Administrative Sciences, Zurich, pp 11–22Google Scholar
  2. Argento D, Peda P, Grossi G (2016) The role of institutional entrepreneurs in the accounting change of a transitional economy. Paper to presented at the EIASM conference in Lisbon, 6–8 Sept 2016Google Scholar
  3. Bergmann A, Grossi G, Rauskala I, Fuchs S (2016) Consolidation in the public sector: methods and approaches in OECD countries. Int Rev Adm Sci 82(3). doi:10.1177/0020852315576713Google Scholar
  4. Bovaird T (2004) Public-private partnerships: from contested concepts to prevalent practice. Int Rev Adm Sci 70(2):199–215CrossRefGoogle Scholar
  5. Broadbent J, Guthrie J (1992) Changes in the public sector: a review of recent “alternatives” in accounting research. Account Auditing Account J 5(2):3–31Google Scholar
  6. Brusca I, Montesinos V, Vela JM (2016) Public sector accounting and auditing in Spain. In: Brusca I, Caperchione E, Manes Rossi F (eds) Public sector accounting and auditing in Europe – the harmonization challenge. Palgrave Macmillan, London, pp 191–207Google Scholar
  7. Chan J (2003) Government accounting: an assessment of theory, purposes and standards. Public Money Manage 3(1):13–20CrossRefGoogle Scholar
  8. Chow D, Humphrey C, Moll J (2007) Developing whole of government accounting in the UK. Financ Account Manage 23(1):27–54CrossRefGoogle Scholar
  9. Chow D, Day R, Baskerville R, Pollanen R, Aggestam C (2015) Consolidated government accounts: how are they used? Assoc Charter Cert Account (ACCA)Google Scholar
  10. CIPFA (2015) Whole of government accounts. Delivering their full potential. CIPFA briefing, Mar 2015Google Scholar
  11. ESV [Swedish National Financial Management Authority] (2013) Report to the swedish government. Comp Int Account Stand ESV 21Google Scholar
  12. Grossi G, Newberry S (2009) Theme. Whole-of-Government Accounting. International trends. Public Money Manage 29(4):209–218CrossRefGoogle Scholar
  13. Grossi G, Pepe F (2009) The concept of consolidation in the public sector: a cross-country comparison. Public Money Manage 29(4):251–256CrossRefGoogle Scholar
  14. Grossi G, Steccolini I (2015) Pursuing private accounting and accountability in the public sector. Applying IPSAS to define the reporting entity in municipal consolidation. Int J Public Adm 38(4):325–334CrossRefGoogle Scholar
  15. Gruening G (2001) Origin and theoretical basis of new public management. Int Public Manage J 4(1):1–25CrossRefGoogle Scholar
  16. Guthrie J (1998) Application of accrual accounting in the Australian public sector – rhetoric or reality? Financ Account Manag 14(1):1–19CrossRefGoogle Scholar
  17. Heald D, Georgiou G (2011) The macro-fiscal role of the UK Whole of Government Account. Abacus 47(4):446–476CrossRefGoogle Scholar
  18. Kettl DF (2000) The global public management revolution. A report on the transformation of governance. Brookings Institution, Washington, DCGoogle Scholar
  19. Olson O, Humphrey C, Guthrie J (1998) International experiences with “New” Public Financial Management (NPFM) reforms: New world? Small world? Better world? In: Olson O, Humphrey C, Guthrie J (eds) Global warning: debating international developments in new public financial management. Cappelen Akademisk Forlag As, Oslo, pp 17–48Google Scholar
  20. Osborne D, Gaebler T (1992) Reinventing government. Addison Wesley, ReadingGoogle Scholar
  21. Reichard C (2002) Marketisation of public services in Germany. Int Public Manage Rev 3(2):63–79Google Scholar
  22. Tagesson T, Grossi G (2012) The materiality of consolidated financial reporting – an alternative approach to IPSASB. Int J Public Sect Perform Manag 2(1):81–95CrossRefGoogle Scholar
  23. Tagesson T, Grossi G (2015) Public sector accounting and auditing in Sweden. In: Brusca I, Caperchione E, Manes Rossi F (eds) Public sector accounting and auditing in Europe – the harmonization challenge. Palgrave Macmillan, London, pp 209–225Google Scholar
  24. The Treasury (2005) A guide to the Public Finance ActGoogle Scholar
  25. The Treasury (2016) Financial statements of the Government of New Zealand for the ten months endedGoogle Scholar
  26. Tricker R (1994) International corporate governance: texts, readings and cases. Prentice Hall, New YorkGoogle Scholar
  27. Wollmann H (2004) Local government reforms in Great Britain, Sweden, Germany and France: between multi-function and single-purpose organisations. Local Gov Stud 30(4):639–665CrossRefGoogle Scholar

Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  1. 1.Department of Business Administration and Work ScienceKristianstad UniversityKristianstadSweden