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THE STRUCTURE AND CONTENT OF EXECUTIVE AGENCY FINANCIAL STATEMENTS
Author(s) -
Rutherford Brian A.
Publication year - 1996
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/j.1468-0408.1996.tb00410.x
Subject(s) - accounting , business , agency (philosophy) , content (measure theory) , content analysis , finance , executive summary , mathematics , sociology , social science , mathematical analysis
This paper reports the results of a survey of the published financial statements of executive agencies entering the Price Waterhouse Best Agency Report and Accounts Competition. The survey illustrates the application of GAAP designed for one environment in a different context and the difficulties that result under these circumstances from the absence of direct analogies for some classes of event. Some suggestions for improvements in reporting are made, includ‐ ing: the publication of standardised, sector‐wide, guidance; standardisation of formats and terminology; the use of the ‘expenditure less income’ format for the operating statement in appropriate cases; and the clarification of insur‐ ance arrangements.