IPSAS VERSUS NATIONAL NORMS ON PUBLIC INSTITUTIONS' OWN CAPITALS
IPSAS VERSUS NATIONAL NORMS ON PUBLIC INSTITUTIONS' OWN CAPITALS
Author(s): Nicolae EcobiciSubject(s): Economy
Published by: Editura Universităţii Vasile Goldiş
Keywords: IPSAS; national norms; own capitals; accrual accounting; cash accounting; reference frame; residual interest; financial standing
Summary/Abstract: In this paper I have compared international standards on accounting for the public sector and those required by national norms on public institutions' own capitals, pointing out both convergences and divergences. Last, but not the least, I have compared IPSAS 1 (applied by public institutions) with IAS 1 (applied by commercial companies). Keywords: IPSAS, national norms, own capitals, accrual accounting, cash accounting, reference frame, residual interest, financial standing
Journal: Studia Universitatis Vasile Goldiş, Arad - Seria Ştiinţe Economice
- Issue Year: 18/2008
- Issue No: 3
- Page Range: 177-184
- Page Count: 8
- Language: English
