TY  - JOUR
T1  - Towards a Full Accrual Accounting in the Public Sector:
A Critical Analysis of IPSAS 12
AU - Sorrentino, Marco 
JO  - International Business Management
VL  - 11
IS  - 12
SP  - 2196
EP  - 2202
PY  - 2017
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2017.2196.2202
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2017.2196.2202
KW  - Accrual accounting
KW  -inventories
KW  -IPSAS
KW  -public sector accounting
KW  -processes
KW  -support
KW  -elements
AB  - Within the new public management, a fundamental role is played by changes in accounting
measurement and recognition systems (in this case, the literature speaks specifically of new public financial
management). It has been substantially characterized by a gradual shift from cash to accrual accounting. In light
of it, this study aims to analyse some of the most significant conceptual and practical implications associated
with the use of accrual accounting in the public sector by looking closely at one full-accrual standard that seem
to lend themselves better and more directly than others to show the systems innovative reach: IPSAS
12-inventories. The switch-over broadens the scope of the accounting system, thereby leading to the
recognition and consequent valuation of all the resources of any public-sector entity in its financial statements.
As is often the case, though, greater utility implies greater complexity and innumerable elements of uncertainty
are evidently still present.
ER  -