Whole of Government Accounting

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



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).


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...


Public Sector Account Standard International Account Standard Credit Rating Agency Consolidate Financial Statement 
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Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

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