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Chapitre D'ouvrage Année : 2023

Accounting for Public Sector Assets: Comparing Historical Cost and Current Value Models

Résumé

Recognition, measurement and disclosure of public sector assets constitute relevant matters for national and international public sector accounting standard-setting. This chapter develops a theoretical analysis drawing upon a dualistic approach contrasting current value and historical cost accounting models. Accordingly, the latter should be adapted and then preferred to cope with public sector specificities, with a view to providing information for and enforcing accountability to citizens and their political representatives. Drawing upon this theoretical setting, our analysis develops a consistent design for the overarching conceptual framework for assets in general, providing illustrative examples for specific categories such as financial, heritage, natural and military assets.
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Dates et versions

hal-04052257 , version 1 (30-03-2023)

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Citer

Yuri Biondi, Lasse Oulasvirta. Accounting for Public Sector Assets: Comparing Historical Cost and Current Value Models. Josette Caruana; Marco Bisogno; Mariafrancesca Sicilia. Measurement in Public Sector Financial Reporting: Theoretical Basis and Empirical Evidence, Emerald Publishing Limited, pp.39-62, 2023, Emerald Studies in Public Service Accounting and Accountability, 978-1-80117-162-5. ⟨10.1108/978-1-80117-161-820231003⟩. ⟨hal-04052257⟩
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