Open AccessInternational Public Sector Accounting Standard (IPSAS) 12–Inventories : Determining Exemplary Requirements for Military Logistics Systems
Author(s) -
Holger Scheppelmann
Publication year - 2014
Publication title -
academic and applied research in military and public management science
Language(s) - English
Resource type - Journals
eISSN - 2786-0744
pISSN - 2498-5392
DOI - 10.32565/aarms.2014.1.14
Subject(s) - accounting , business , compliance (psychology) , process (computing) , management accounting , quality (philosophy) , computer science , psychology , social psychology , philosophy , epistemology , operating system
In this paper the author shows that it is conceptually possible to derive from International Public Sector Accounting Standard (IPSAS) 12–Inventories exemplary requirements that can be used as a basis to assess in principle the compliance of military logistics systems with IPSAS 12. However, the utility of isolated requirements for compliance with IPSAS 12 is limited, since these requirements certainly need to be integrated with requirements derived from other IPSASs and with requirements related to the accounting system used to prepare IPSAS annual financial statements. As a result of such a requirement’s integration process it is very likely that noticeable changes and/or augmentations of the proposed exemplary requirements for compliance with IPSAS 12 will turn out to be necessary.