Introducing accrual accounting in the Czech Local Governments: challenges and risks
| Authors | |
|---|---|
| Year of publication | 2016 |
| Type | Article in Proceedings |
| Conference | Current Trends in Public Sector Research |
| MU Faculty or unit | |
| Citation | |
| Web | http://ctpsr.econ.muni.cz/cs |
| Field | Management and administrative |
| Keywords | local government; public sector accounting; financial management; accounting reform; accrual accounting |
| Description | Within recent decades the new public financial management stream has brought different changes and innovations in the accounting systems of public entities globally. A trend towards the adoption of accrual accounting has been largely recognized between European countries. The Czech Republic has recently entered the group of countries with reformed public sector accounting (PSA) to make public finance system more realistic and accountable in accordance to EU accounting policy recommendations. Focusing on Czech local governments (CLG) the paper presents the identification of main points in mentioned implementation process in the Czech Republic and the analysis of perception and use of the related outcomes by CLG financial officers based on previous research. The paper draws also the future research agenda, assessing pro and cons of the new PSA system. |
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