The Effect of the Global Financial Crisis and the Sovereign Debt Crisis on Public Sector Accounting: A Contextual Analysis
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2015, Vol 5, Issue 1
Abstract
This paper examines the effect of global financial crisis and the sovereign debt crisis on public sector accounting. The global financial crisis and sovereign debt crisis were contextually analysed bringing out clearly its effect on public sector accounting which include accounting issues related to public sector intervention, accounting for recapitalization of investment, accounting for fiscal support, accounting for financial guarantees. The paper found out that, the unresolved fiscal and debt problems in some European countries and elsewhere could threaten the global economy. The implication of this is that, there is need for transparent financial reporting by government and improvement in the management of public sector resources. That, third world countries should avoid sub optimal debts structure.
Authors and Affiliations
Emmanuel Igbawase Abanyam, Paul Aondona Angahar
Keywords
Related Articles
- EP ID EP147948
- DOI 10.6007/IJARAFMS/v5-i1/1460
- Views 113
- Downloads 0
Cash Flows from Financing Activities. Evidence from the Automotive Industry
The Role of Economic Chamber in Response to the Educational Needs of Its Members
The present study investigates the role of the Economic Chamber of Greece (E.Ch.G.) in the fulfillment of its members’ educational needs. Continual training is the result of the necessity to follow the financial developm...
Effect of Customer Relationship Management (CRM) on Performance of Small-Medium Sized Enterprises (SMEs) Using Structural Equations Model (SEM)
An Evaluation of Governments’ Initiatives in Enhancing Small Taxpayers’ Voluntary Tax Compliance in Developing Countries
Tax compliance has been a problem in many developing countries. Even though various mechanisms have been adopted to enhance compliance among tax payers, the success has not yet been achieved. The focus of this study is t...
Testing Random Walk Behavior in the Damascus Securities Exchange