Fiscal responsibility and Australian Commonwealth, State and Territory government budgets Wines, Graeme 2006, Fiscal responsibility and Australian Commonwealth, State and Territory government budgets, in 2006 Accountability, Governance & Performance Symposium Proceedings, Griffith University, Gold Coast, Qld., pp. 1-25. Attached Files Name Description MIMEType Size Downloads Title Fiscal responsibility and Australian Commonwealth, State and Territory government budgets Author(s) Wines, Graeme Conference name Symposium on accountability, governance and performance. Conference.(5th : 2006 : Gold Coast, Queensland) Conference location Gold Coast, Qld. Conference dates 17 Feb. 2006 Title of proceedings 2006 Accountability, Governance & Performance Symposium Proceedings Editor(s) Subramaniam, Nava Publication date 2006 Conference series Symposium on Accountability, Governance and Performance Conference Start page 1 End page 25 Publisher Griffith University Place of publication Gold Coast, Qld. Keyword(s) government budgets fiscal responsibility public sector accounting government Finance Statistics framework GAAPIGFS convergence government surplusl deficit announcements Summary The government sector in Australia has seen the introduction of accrual accounting principles in recent years. However, this process has been complicated by the presence of two alternative financial reporting frameworks in the form of a) the Government Finance Statistics (OFS) uniform framework and b) the accrual accounting rules specified in Australian professional accounting standards, principally AAS 31. While a variety of cash and accrual based measurements are available pursuant to these frameworks, there has been no prescription of the manner in which the alternative measures should be presented. This paper presents the findings from a case study of the 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 headlined financial outcome (general government sector budget surplus or deficit) announced in the budget papers of the nine governments. Findings indicate the adoption of varying measurement bases and a consequent lack of inter-government comparability. A number of variations to the measurements prescribed in the accounting frameworks were also observed. The paper analyses these government budget surplus and deficit numbers in the context of fiscal responsibility, the Commonwealth government's Charter of Budget Honesty and the AASB's current GAAPIGFS Convergence project. Language eng Field of Research 150199 Accounting, Auditing and Accountability not elsewhere classified HERDC Research category E1 Full written paper - refereed ERA Research output type E Conference publication Persistent URL http://hdl.handle.net/10536/DRO/DU:30005915 Document type: Conference Paper Collection: School of Accounting, Economics and Finance   Unless expressly stated otherwise, the copyright for items in DRO is owned by the author, with all rights reserved. Versions Version Filter Type Thu, 19 Feb 2009, 10:57:08 EST Thu, 02 Apr 2009, 08:02:16 EST Mon, 04 May 2009, 15:02:26 EST Mon, 04 May 2009, 15:03:33 EST Tue, 13 Oct 2009, 08:11:40 EST Tue, 13 Oct 2009, 08:12:45 EST Tue, 13 Oct 2009, 08:13:18 EST Fri, 28 May 2010, 11:30:57 EST Wed, 15 Sep 2010, 08:50:32 EST Fri, 16 Mar 2012, 15:48:10 EST Filtered Full Citation counts:   Cited 0 times in TR Web of Science Cited 0 times in Scopus Search Google Scholar Access Statistics: 548 Abstract Views, 2 File Downloads  -  Detailed Statistics Created: Mon, 07 Jul 2008, 09:56:01 EST

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