Behind the headlines : an analysis of Australian Commonwealth, State and Territory budget balance numbers
Wines, Graeme and Scarborough, Helen 2006, Behind the headlines : an analysis of Australian Commonwealth, State and Territory budget balance numbers, Accounting, accountability & performance, vol. 12, no. 2, pp. 82-122.
(Some files may be inaccessible until you login with your Deakin Research Online credentials)
The introduction of accrual accounting principles for government reporting in recent years has been complicated by the presence of two alternative financial reporting frameworks, the Government Finance Statistics (GFS) framework and the Australian professional accounting standard rules. This paper presents the findings from a study of the 2004-05 and 2005-06 annual budgets prepared by the Australian Commonwealth government and the governments of the six Australian States and the two Australian Territories. The study examined the basis for the budget balance numbers (government surplus or deficit) headlined in the budgets of each of the nine governments over the two year period. Findings indicate the adoption of varying measurement bases and a resultant lack of inter-governmental and inter temporal comparability. A number of departures from the measurements prescribed in the reporting frameworks were also observed.
Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact email@example.com
Field of Research
150199 Accounting, Auditing and Accountability not elsewhere classified
Unless expressly stated otherwise, the copyright for items in Deakin Research Online is owned by the author, with all rights reserved.
Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO.
If you believe that your rights have been infringed by this repository, please contact firstname.lastname@example.org.