Public benefit vs Private entities: A fresh look at accounting principles
Van Peursem, K. A. (2006). Public benefit vs Private entities: A fresh look at accounting principles. (Department of Accounting Working Paper Series, Number 89). Hamilton, New Zealand: University of Waikato.
Permanent Research Commons link: http://hdl.handle.net/10289/1676
The analysis evaluates how and whether accounting principles and assumptions developed for the private sector apply to Public Benefit Entities (PBEs). The broad concern is with the standard setter considering whether integration of the two sectors for promulgation is appropriate. In particular, a view is taken as to whether or not traditional private sector accounting principles and assumptions represent fundamental conceptual problems for PBEs. Examples, particularly within the New Zealand context, are raised and discussed. Results draw on the differences and similarities found to exist. Conclusions suggest the need for distinct standardisation where conceptual differences apply and modified-but-integrated standards where there may be adaptable or minor distinctions between the two sectors.
Waikato Management School
- Management Papers