Theoretical approaches to financial accounting purposes and principles

The theories of accounting are described first, followed by the conventions and principles of accounting and their interpretation in the public sector. Public sector Conceptual Frameworks for financial accounting are outlined especially from the point of view of the primary users’ needs, valuation and measurement principles. Different and competing theoretical approaches to public sector accounting frameworks are also explained.Non peer reviewe

Miksi kunnan tilaama vaikutusarviointi ei ole yhteiskuntataloudellinen kustannus-hyötyanalyysi?

The article analysis how the cost-benefit analysis is different compared to an impact study ordered by a city from a consultancy firm. The impact study concerned a physical land planning project including a new highway, an industrial site, and a housing area in the city.publishedVersionNon peer reviewe

Budgets and budgetary accounting

This chapter describes various approaches to budgeting, which is the traditional essence of public sector accounting. This includes budget planning and budget-linked accounting. The roles and functions of budgets are presented as well as the ideas and practices of both traditional budgets and modern variants such as output- and performance-based budgets.Non peer reviewe

Valtion budjetointiperusteiden uudistaminen

Reforming of the budgeting principles andbudget accounting of central governmentTraditionally the central governmentbudgeting and accounting has been cameral.From the beginning of 1998 central governmentaccounting was renewed. Beside the cameralbudget accounting was established an accrualaccounting system that produces a financialperformance statement and a balance sheet forthe central government and its book keepingentities.There are pressures now to develop prevailing cameral budgeting and accounting principles towards full accrual based budgeting andaccounting. This article presents different principles in recording budget expenditures andincomes and discussess the advantages anddisadvantages of different alternatives. It alsoraises some other questions regarding budget,for instance, the need to separate capital andcurrent budgets from each other