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Cross-Sector Transfer of Consolidated Financial reporting - Conceptual Concerns


Wise, V, Cross-Sector Transfer of Consolidated Financial reporting - Conceptual Concerns, Australian Journal of Public Administration, 65, (3) pp. 62-73. ISSN 0313-6647 (2006) [Refereed Article]

DOI: doi:10.1111/j.1467-8500.2006.00494a.x


This article addresses a major concern about the use of particular accounting concepts, notably those of control and assets, for whole-of-government consolidated financial reporting. While whole-of-government consolidated financial reports may resemble the formats required by accounting standards and so provide a benchmark for comparative purposes, inherent weakness in the specification of underpinning concepts means that proper and full application of the consolidation methodology cannot be assumed. A study of the whole-of-government consolidated financial reports of the Commonwealth, state and territory governments of Australia revealed that significant assets, obligations and controlled entities have not been included. © National Council of the Institute of Public Administration Australia 2006.

Item Details

Item Type:Refereed Article
Research Division:Commerce, Management, Tourism and Services
Research Group:Accounting, auditing and accountability
Research Field:Financial accounting
Objective Division:Expanding Knowledge
Objective Group:Expanding knowledge
Objective Field:Expanding knowledge in philosophy and religious studies
UTAS Author:Wise, V (Professor Victoria Wise)
ID Code:42656
Year Published:2006
Web of Science® Times Cited:12
Deposited By:Accounting and Accountability
Deposited On:2007-06-15
Last Modified:2007-06-15

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