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Infrastructure Accounting for Local Authorities: Technical Management and Political Context
Author(s) -
Pallot June
Publication year - 1997
Publication title -
financial accountability and management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.661
H-Index - 44
eISSN - 1468-0408
pISSN - 0267-4424
DOI - 10.1111/1468-0408.00035
Subject(s) - accounting , accrual , business , context (archaeology) , politics , governmental accounting , management accounting , project accounting , public sector , accounting information system , financial accounting , accounting standard , fund accounting , economics , political science , economy , paleontology , earnings , law , biology
Internationally, there has been mounting interest in the subject of accounting for infrastructure assets and their deterioration. In New Zealand, the adoption of full accrual accounting across the public sector from 1989 has meant that local authorities have been grappling for some time with the problem of how best to account for these assets in a manner which is relevant for both managers and elected representatives. This paper reviews methods of accounting for infrastructure in New Zealand local authorities, and explores how infrastructure assets and related expenses might be accounted for in a manner which is consistent with both the New Zealand accounting profession’s conceptual framework and the requirements of democratic decision making over the allocation of resources.