From consolidation to segment reporting in local government: accountability needs, accounting standards, and the effect on decision-makers

Giuseppe Grossi, Elisa Mori, Federica Bardelli

Forskningsoutput: TidskriftsbidragArtikelPeer review

Sammanfattning

Consolidated Financial Statements (CFSs) in the public sector represent useful financial tools to improve transparency and accountability toward internal and external users. This aggregate view is only a part of the information needed in order to give politicians, managers, employees, financial institutions, rating agencies, and citizens a whole view of a local government’s financial performance. It emerges the need to have segment information, covering specific policy areas for which it is appropriate to separately report financial and non-financial information. This paper, after having discussed the need for accountability and decision-making in a theoretical framework, gives account of a pilot project realized by the municipality of Reggio Emilia, which introduced CFSs and segment reporting. The empirical study is based on an action research as a methodological approach to solving practical problems. Finally, the paper also offers some practical suggestions to contribute to the applicability of the segment reporting in the public sector.

OriginalspråkEngelska
Sidor (från-till)32-46
Antal sidor14
TidskriftJournal of Modern Accounting and Auditing
Volym10
Utgåva1
StatusPublicerad - 2014

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  • Företagsekonomi (50202)

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