Abstract
Consolidated Financial Statements (CFSs) in the public sector represent useful financial tools to improve
transparency and accountability toward internal and external users. This aggregate view is only a part of the
information needed in order to give politicians, managers, employees, financial institutions, rating agencies, and
citizens a whole view of a local government’s financial performance. It emerges the need to have segment
information, covering specific policy areas for which it is appropriate to separately report financial and
non-financial information. This paper, after having discussed the need for accountability and decision-making in a
theoretical framework, gives account of a pilot project realized by the municipality of Reggio Emilia, which
introduced CFSs and segment reporting. The empirical study is based on an action research as a methodological
approach to solving practical problems. Finally, the paper also offers some practical suggestions to contribute to the
applicability of the segment reporting in the public sector.
Lingua originale | English |
---|---|
pagine (da-a) | 32-46 |
Numero di pagine | 15 |
Rivista | JOURNAL OF MODERN ACCOUNTING AND AUDITING |
Volume | 10 |
Stato di pubblicazione | Pubblicato - 2014 |
Keywords
- Consolidated Financial Statements
- International Public Sector Accounting Standards
- action research
- local government
- segment reporting