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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.

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Title Behind the headlines : an analysis of Australian Commonwealth, State and Territory budget balance numbers
Author(s) Wines, Graeme
Scarborough, Helen
Journal name Accounting, accountability & performance
Volume number 12
Issue number 2
Start page 82
End page 122
Publisher School of Accounting, Banking and Finance, Nathan Campus and School of Accounting and Finance, Gold Coast Campus, Griffith University
Place of publication Nathan, Qld.
Publication date 2006-12
ISSN 1445-954X
Keyword(s) government
budget
accounting
Summary 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.
Notes
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Language eng
Field of Research 150199 Accounting, Auditing and Accountability not elsewhere classified
HERDC Research category C1 Refereed article in a scholarly journal
Copyright notice ©2006, Griffith University
Persistent URL http://hdl.handle.net/10536/DRO/DU:30003983

Document type: Journal Article
Collections: School of Accounting, Economics and Finance
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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 drosupport@deakin.edu.au.