Consolidation principles and practices for the UK government sector

Heald, D. and Georgiou, G. (2000) Consolidation principles and practices for the UK government sector. Accounting and Business Research, 30(2), pp. 153-167. (doi: 10.1080/00014788.2000.9728932)

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Government accounting reform has in certain industrialised countries become a recognisable component of market-oriented New Public Management reforms. A key dimension is the conversion of accounting from the traditional cash basis to accruals, usually anchored in GAAP as developed for that country's private sector. Taking the UK proposals for Resource Accounting and Budgeting, this paper shows that issues concerning consolidation are proving both important and troublesome. After reviewing private sector experience with consolidation, the structure of UK central government is carefully mapped. The limited area for consolidation proposed by the UK Treasury as the basis for constructing Departmental Resource Accounts is criticised. Attention is paid to the complex structure of public service delivery, with much of that now done by quasi-public organisations outside both the proposed departmental boundary and the national accounts aggregate of general government. This paper does not examine the related topic of Whole-of-Government Accounts.

Item Type:Articles
Keywords:HJ Public Finance
Glasgow Author(s) Enlighten ID:Heald, Professor David and Georgiou, Dr George
Authors: Heald, D., and Georgiou, G.
College/School:College of Social Sciences > Adam Smith Business School > Accounting and Finance
Journal Name:Accounting and Business Research
Publisher:Institute of Chartered Accountants in England and Wales
ISSN (Online):2159-4260

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