Accrual Basis and Political Interest in Public Sector Accounting. The Case of a Municipal Council in Sri Lanka
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2016, Vol 6, Issue 3
Abstract
This paper contributes to the discussion of introducing accrual basis accounting to public sector. Less Developed Country (LDC) studies show a failure despite the attempt for a long. Accrual accounting is beneficial compared to cash basis as far as creation of accounting information is concerned. Moreover conversion of public sector accounting from cash to accrual basis is a requirement of New Public Management practice under neo liberal economic reforms. Hence it is worth to study the reasons for the failure. This study uses the political economic perspective and accordingly hegemonic analysis of Gramsci (1971). The study is carried out as a qualitative case study in the phenomenological tradition at the Colombo Municipal Council (CMC) of Sri Lanka. Findings show that accrual basis in the current accounting framework does not work because it does not address the political interest dominating over public sector organisations. It concludes emphasizing the need of reconsidering the accounting framework of public sector having regard on political interest in the state sector before introducing accrual accounting.
Authors and Affiliations
Chandrasiri Abeysinghe, Dinushika Samanthi
Keywords
Related Articles
- EP ID EP117892
- DOI 10.6007/IJARAFMS/v6-i3/2161
- Views 88
- Downloads 0
The Impact of Selected Internet Commerce Motives (Technological, Informing and Advertising) on the Success of an Online Shop. Case Study of Online Shops with E-Brand Trust
Regarding the wave of globalization many concepts and definitions associated with social-economic life of today human have changed. Changes caused by the advent of the internet or generally ICT (Information and Communica...
Capital Structure and Corporate Performance of Romanian Listed Companies
Using AHP Technique and Fuzzy VIKOR Technique to Select a Dynamic Enterprise Resource Planning System in Rayan Pardazesh Co. Case study
To have a successful enterprise resource planning (ERP) system within the organization, managers and experts of the organizations should study these systems carefully and consider advantages and disadvantages of each sof...
Assessing Comparative Advantage of Pakistan with United States of America. The Role of Pakistan’s Export Financial Sector
Present study endeavors to assess the comparative advantage of Pakistan’s exports to United Sates of America. Generally comparative advantage is an important concept for explaining pattern of international trade. Aim of...
Tax Revenue and Economic Growth in Selected ECOWAS Countries, Evidence from Sure Model
The need for African countries to improve tax revenue-GDP ratio has open up debate among policy makers. This study is motivated to analyse the impact of tax revenue, direct and indirect tax on economic growth of ECOWAS c...