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ACCRUAL ACCOUNTING AND THE PUBLIC SECTOR
Author(s) -
ROBINSON MARC
Publication year - 2001
Publication title -
economic papers: a journal of applied economics and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.245
H-Index - 19
eISSN - 1759-3441
pISSN - 0812-0439
DOI - 10.1111/j.1759-3441.2001.tb00281.x
Subject(s) - accrual , citation , accounting , library science , public sector , public accounting , sociology , computer science , economics , political science , audit , law , earnings
Over the last couple of years, the Commonwealth and the almost all State governments have put their annual budgets and departmental accounting on an accrual basis. Accrual accounting has, as a consequence, almost entirely replaced traditional 'cash' accounting in the Australian public sector. This is a great step forward. Accrual accounting has great advantages, particularly in the fiscal policy context.