Public sector consolidated statements - An assessment

Abacus

Volumn 45, Issue 2, 2009, Pages 171-220

  Walker, R G ^a  

^a UNIVERSITY OF SYDNEY   (Australia)

Author keywords

Accountability; Area of consolidation; Control; Government finance statistics; Inter sector transactions; Public sector consolidated statements; Users; Whole of government

Indexed keywords

EID: 67650508912     PISSN: 00013072     EISSN: 14676281     Source Type: Journal    
DOI: 10.1111/j.1467-6281.2009.00282.x     Document Type: Article

References (124)

1. Anthony, R. N., Financial Accounting in Nonbusiness Organizations: An Exploratory Study of Conceptual Issues, Financial Accounting Standards Board, 1978.
2. Anthony, R. N., Should Business and Nonbusiness Accounting be Different?, Harvard Business School, 1989.
3. Australian Accounting Research Foundation (AARF), SAC 2, Objective of General Purpose Financial Reporting, 1990.
4. Australian Accounting Research Foundation (AARF), submission to Public Accounts Committee, as quoted in Report on the Auditor-General's Annual Reports 1987/88 and 1988/89, Public Accounts Committee, Legislative Assembly of the Northern Territory, May 1991.
5. Australian Accounting Standards Board (AASB), AASB 1049, Whole of Government and General Government Sector Financial Reporting, 2006, 2007.
6. Australian Accounting Standards Board (AASB), AASB 127, Consolidated and Separate Financial Statements, March 2008.
7. Australian Bureau of Statistics (ABS), Australian System of Government Finance Statistics: Concepts, Sources and Methods, Cat. 5514.0, 2005.
8. Australian Bureau of Statistics (ABS), Year Book Australia, Cat. 1301.0, 2006.
9. Australian Council of Social Services (ACOSS), Fair Services for People with Disabilities, ACOSS Submission to Senate Community Affairs Committee, 8 September 2006, available at http://www.acoss.org.au/upload/publications/ submissions/1320-info%20report-cstda.pdf (accessed 11 September 2008).
10. Australian Local Government Association, Federal Budget 2006-07 Analysis: A Local Government Perspective, 2006, available at http://www.alga.asn.au/ policy/finance (accessed 22 June 2008).
11. Australian National Audit Office, (ANAO) The National Bankcard: Who Will Pay the Piper? - a Report on the Financial Obligations of the Federal Government Audit Report No. 34, 1993.
12. Australian Road Assessment Program (AusRAP), Safer Roads Save Lives: Star ratings for the AusLink National Network in NSW September 2007, available at http://www.mynrma.com.au/cps/rde/xbcr/mynrma/AusLINK-NSW-2007-final-report.pdf? cpssessionid=SID-3F5768E2-3F47EF1A (accessed 12 September 2008).
13. Australian Society of Certified Practising Accountants (ASCPA), Discussion Paper 7, Making Governments Accountable, ASCPA, 1993.
14. Blejer, M. I. Ke-Young Chu (eds. Measurement of Fiscal Impact - Methodological Issues, International Monetary Fund, 1988.
15. Bowsher, C. A. Federal Financial Management: Evolution, Challenges, and the Role of the Accounting Profession in J. L. Chan R. H. Jones (eds Governmental Accounting and Auditing: International Comparisons, Routledge, 1988.
16. Brew, J., Managing CSO Objectives, Address to IIR Conference, Community Service Obligations, 13 December 1991.
17. Buiter, W., Principles of Budgetary and Financial Policy, Harvester Wheatsheaf, 1990.
18. Bureau of Transport & Communication Economics, The Cost of Telecom's Community Service Obligations, Australian Government Publishing Service, 1989.
19. Butterworth, P., R. H. Gray J. Haslam Communication in UK Local Authority Annual Reports Financial Accountability and Management, Summer 1989.
20. Canadian Government, Public Accounts of Canada, Volume 1, Summary Report and Financial Statements, 1995.
21. Canadian Institute of Chartered Accountants (CICA), Financial Reporting by Governments, 1980.
22. Childs, W. H., Consolidated Financial Statements, Cornell University Press, 1949.
23. Chow, D. S. L., C. Humphrey J. Moll Developing Whole of Government Accounting in the UK: Grand Claims, Practical Complexities and a Suggested Future Research Agenda Financial Accountability and Management, February 2007.
24. Council of Social Service of N.S.W. (NCOSS), Budgeting for Social Justice, 2003, available at http://www.ncoss.org.au/bookshelf/pbs/submissions/ 2003.pbs.pdf (accessed 11 September 2008).
25. Council of Social Service of N.S.W. (NCOSS) A Fairer NSW: Bold Solutions and Real Results, 2007 - NCOSS 2007 State Election Policy, available at http://www.ncoss.org.au/component/option,com-docman/task,doc-download/gid,57/ Itemid,78 (accessed 20 October 2008).
26. Council of Social Service of N.S.W. (NCOSS), Priorities for a Fair and Sustainable Community, Submission to the New South Wales Government, January 2008, available at http://www.ncoss.org.au/bookshelf/pbs/submissions/pbs2008-09. pdf (accessed 11 September 2008).
27. Crook, A. Annual Reports - How Many of Them Are Read? Canberra Bulletin of Public Administration, September 1993.
28. Dye, K. M. C. A. Bowsher, Federal Government Reporting Study, A Joint Study by the Office of the Auditor General of Canada and the United States General Accounting Office, Summary Report (GAO/AFMD-86-30 1986.
29. Economic and Budget Review Committee, Parliament of Victoria, Out on the Table: The Cost of Community Service Obligations, November 1991.
30. Economic and Planning Advisory Committee (EPAC), Profitability and Productivity of Government Business Enterprises, EPAC Research Paper prepared by R. Clare and K. Johnston, 1992.
31. Egol, M. Sound Financial Reporting by Nation-States: A Prerequisite to Worldwide Fiscal Stability in J. L. Chan R. H. Jones (eds Governmental Accounting and Auditing: International Comparisons, Routledge. 1988.
32. Economic Planning Advisory Council (EPAC), Background Paper No. 23, Economic and Social Consequences of Australia's Ageing Population: Preparing for the 21st Century, 1982.
33. Federal Financial Accounting Standards Advisory Board (FASAB), SFFAS 24, Selected Standards for the Consolidated Report of the United States Government, January 2003.
34. Federal Financial Accounting Standards Advisory Board (FASAB), SFFAC 4, Intended Audience and Qualitative Characteristics for the Consolidated Financial Report of the United States Government, January 2004.
35. Financial Reporting Council (FRC), Bulletin 2002/5, Broad Strategic Direction for Public Sector Accounting Standard Setting, Australian Government, December 2002.
36. Garnsey, Sir Gilbert, Holding Companies and Their Published Accounts, Gee & Co., 1923.
37. Governmental Accounting Standards Board (GASB), Statement 14, The Financial Reporting Entity, June 1991.
38. Governmental Accounting Standards Board (GASB), Statement 27, Accounting for Pensions by State and Local Government Employees, November 1994.
39. Governmental Accounting Standards Board (GASB), Statement No. 34, Basic Financial Statements - and Management's Discussion and Analysis - for State and Local Governments, June 1999.
40. Governmental Accounting Standards Board (GASB), Statement No. 35, Basic Financial Statements - and Management's Discussion and Analysis - for State and Local Governments, November 1999.
41. Granof, M. H., Government and Not-For-Profit Accounting, John Wiley & Sons, 1998.
42. Guidotti, P. E. M. S. Kumar, Occasional Paper No. 80, Domestic Public Debt of Externally Indebted Countries, International Monetary Fund, 1991.
43. HM Treasury, Whole of Government Accounts, July 1998.
44. HM Treasury, Financial Reporting Manual 2008-09, The Stationery Office, 2008.
45. Heian, J. B. J, Theis Consolidation of Finance Subsidiaries: $230 Billion in Off-Balance Sheet Financing Comes Home to Roost Accounting Horizons, Vol. 3, No. 1, 1989.
46. Independent Commission to Review Public Sector Finances (W.A.), Agenda for Reform, Vols 1 and 2, June and August 1993.
47. Industry Commission, Measuring the Performance of Selected Government Business Enterprises, 1990.
48. Industry Commission, Water Resources and Wastewater Disposal, 1992.
49. Institute of Chartered Accountants in Australia and Australian Society of Certified Practising Accountants, AAS 24, Consolidated Financial Reports, May 1992.
50. Institute of Chartered Accountants in Australia and Australian Society of Certified Practising Accountants, AAS 24, AAS 27, Financial Reporting by Local Governments, December 1990 (revised 1993, 1994, 1995, 1996).
51. Institute of Chartered Accountants in Australia and Australian Society of Certified Practising Accountants, AAS 24, AAS 29, Financial Reporting by Government Departments, June 1990.
52. Institute of Chartered Accountants in Australia and Australian Society of Certified Practising Accountants, AAS 24, AAS 31, Financial Reporting by Governments, June 1998.
53. Inter-Secretariat Working Group on National Accounts (ISWGNA), System of National Accounts February 2008, pre-edited version of Vol. 1, available from http://unstats.un.org/unsd/sna1993/draftingphase/WC-SNAvolume1.pdf (accessed 11 September 2008).
54. International Accounting Standards Committee, IAS 3, Consolidated Financial Statements, 1976.
55. International Accounting Standards Committee, IAS 27, Consolidated Financial Statements and Accounting for Investments in Subsidiaries, 1989.
56. International Federation of Accountants (IFAC), Public Sector Committee Study 1, Financial Reporting by National Governments, 1991.
57. International Federation of Accountants (IFAC), Public Sector Committee Study 2, Elements of the Financial Statements of National Governments, 1993.
58. International Federation of Accountants (IFAC), Public Sector Committee Study 8, The Government Financial Reporting Entity, 1996.
59. International Federation of Accountants (IFAC), International Public Sector Accounting Standard (IPSAS) 6, Consolidated Financial Statements and Accounting for Controlled Entities, May 2000.
60. International Federation of Accountants (IFAC), International Public Sector Accounting Standards (IPSASs) and Statistical Bases of Financial Reporting: An Analysis of Differences and Recommendations for Convergence, International Public Sector Accounting Standards Board Research Report, January 2005.
61. International Federation of Accountants (IFAC), IPSAS 22, Disclosure of Financial Information About the General Government Sector, December 2006.
62. Jaruga, A. Governmental Accounting, Auditing and Financial Reporting in East European Nations in J. L. Chan R. H. Jones (eds Governmental Accounting and Auditing: International Comparisons, Routledge, 1988.
63. Joint Committee on Public Accounts, Parliament of the Commonwealth of Australia (JCPA), Social Responsibilities of Commonwealth Statutory Authorities and Government Business Enterprises, Australian Government Publishing Service, April 1992.
64. Jones, D. B., R. B. Scott, L. Kimbro R. Ingram, The Needs of Users of Governmental Financial Reports, Governmental Accounting Standards Board, October 1985.
65. Jones, R. The Development of Conceptual Frameworks of Accounting for the Public Sector Financial Accountability and Management, Winter 1992.
66. Jones, S. R. G. Walker Explanators of Local Government Distress Abacus, Vol. 43, No. 3, 2007.
67. Loan Council, Future Arrangements for Loan Council Monitoring and Reporting, July 1993.
68. Luder, K. G. Governmental Accounting in the West European Countries: With Special Reference to the Federal Republic of Germany in J. L. Chan R. H. Jones (eds Governmental Accounting and Auditing: International Comparisons, Routledge, 1988.
69. Ma, R. M. Mathews Financial Reporting by Government Departments: ED 55 - a Dissenting View Australian Journal of Corporate Law, Vol. 3, 1993.
70. Mayston, D. Financial Reporting in the Public Sector and the Demand for Information Financial Accountability and Management, Vol. 8, No. 4, 1992.
71. Micallef, F., P. Sutcliffe P. Doughty, Discussion Paper No. 21, Financial Reporting by Governments, Australian Accounting Research Foundation, 1994.
72. National Competition Council, National Competition Policy: Some Impacts on Society and the Economy, January 1999, available at http://www.ncc.gov.au/ publication.asp?publicationID=129&activityID=41 (accessed 11 September 2008).
73. NCOSS - See Council of Social Service of N.S.W.
74. N.S.W. Auditor General, Implementing Asset Management Reforms, Performance Audit, N.S.W. Audit Office, October 2005, available at http://www.audit.nsw.gov.au/publications/reports/performance/2005/ asset-management/assetmanagement-oct2005.pdf (accessed 12 September 2008).
75. N.S.W. Auditor General, Performance Audit Report, Department of Housing, Maintenance of Public Housing, April 2001, available at http://www.audit.nsw. gov.au/publications/reports/performance/2001/depthousing/fullreport.pdf (accessed 11 September 2008).
76. N.S.W. Commission of Audit, Focus on Reform, July 1988.
77. N.S.W. Government, Reforming the State's Finances: The First Year, 1989.
78. N.S.W. Government, The First Two Years, March 1990.
79. N.S.W. Government, State Plan: A New Direction for NSW, Premier's Department, November 2006.
80. N.S.W. Government, Infrastructure Statement 2008-09, New South Wales Budget Paper No. 4, June 2008.
81. N.S.W. Treasury, Public Authority Pricing in NSW, 1991.
82. N.S.W. Treasury, Performance of NSW Government Businesses, December 1992.
83. N.S.W. Treasury, A Community Service Obligations Policy for NSW Government Trading Enterprises, February 1993.
84. N.S.W. Treasury, Guidelines for Pricing User Charges, Policies and Guidelines Paper, TPP 01-02, Office of Financial Management, June 2001, available at http://www.treasury.nsw.gov.au/--data/assets/pdf-file/0018/3843/ tpp01-2.pdf (accessed 11 September 2008).
85. N.S.W. Treasury, Performance of NSW Government Businesses 2003-04, 2005, http://www.treasury.nsw.gov.au/pubs-by-pol (accessed 11 September 2008).
86. N.S.W. Treasury, Total Asset Management Requirements for Updating the NSW State Infrastructure Strategy, Policy & Guidelines Paper TPP 08-2, Office of Financial Management, May 2008, available at http://www.treasury.nsw.gov.au/- -data/assets/pdf-file/0018/11565/tpp08-2.pdf (accessed 12 September 2008).
87. N.S.W. Treasury, State Infrastructure Strategy 2008-09 to 2018-19, June 2008, http://www.treasury.nsw.gov.au/sis/state-infrastructure
88. Nicholls, D., Managing State Finance, N.S.W. Treasury, 1991a.
89. Nicholls, D., How the Government has Performed (An Independent Review of the Financial Performance of the New South Wales Government 1988-1991), N.S.W. Treasury, 1991b.
90. Northern Territory Government, Territory Budget Paper No. 2, 1992-93.
91. Public Accounts Committee, Parliament of New South Wales (N.S.W. PAC), Report on Superannuation Liabilities of Statutory Authorities, August 1984.
92. Public Accounts Committee, Parliament of New South Wales (N.S.W. PAC), Report on Dividend Payments Made by Statutory Authorities to the Consolidated Fund, April 1992.
93. Public Accounts Committee, Parliament of New South Wales (N.S.W. PAC), Report on the School Student Transport Scheme, January 1993.
94. Public Accounts Committee, Parliament of New South Wales (N.S.W. PAC), Infrastructure Management and Financing in New South Wales, Vol. 1, July 1993.
95. Queensland Treasury, Community Service Obligations - A Policy Framework, March 1999, available at http://www.treasury.qld.gov.au/office/knowledge/docs/ community-service/index.shtml (accessed 11 September 2008).
96. Report of the Independent Commission, WA, Western Austrialian Independent Commission to Review Public Sector Finances, Agenda for Reform, Vols 1 & 2, 1993.
97. Rubin, R. E., P. R. Orzag A. Sinai, Sustained Budget Deficits: Longer-Run US Economic Performance and the Risk of Financial and Fiscal Disarray, paper presented at the AEA-NAEFA Joint Session, 4 January 2004, available at http://www.cbpp.org/1-13-04confpaper.pdf (accessed 23 October 2008).
98. Rutherford, B. A. Developing a Conceptual Framework for Central Government Financial Reporting, Intermediate Users and Indirect Control Financial Accountability and Management, Winter 1992.
99. Senate Select Committee on the Functions, Powers and Operation of the Australian Loan Council, Interim Report, March 1993.
100. Shiel, C. (ed.) The State of the States, Evatt Foundation, 2006.
101. South Australia Public Accounts Committee (S.A. PAC), Summary Report on Asset Replacement, 1987.
102. South Australia Public Accounts Committee (S.A. PAC), Asset Management Developments in 1987-88, 1988.
103. Steering Capital for the Review of Government Service Provision (SCRGSP), Report on Government Services, Australian Government Productivity Commission, 2005, available at http://www.pc.gov.au/gsp/reports/rogs/2005 (accessed 11 September 2008).
104. Steering Committee on National Performance Monitoring of Government Trading Enterprises (SCONPMGTE), Government Trading Enterprises Performances Indicators 1987-99 to 1991-92, Industry Commission, Canberra, 1993.
105. Steering Committee on National Performance Monitoring of Government Trading Enterprises (SCONPMGTE), Community Service Obligations - Some Definitional, Costing and Funding Issues, April 1994.
106. Sutcliffe, P., Financial Reporting in the Public Sector - Framework for Analysis and Identification of Issues, Australian Accounting Research Foundation, 1985.
107. Sutcliffe, P., F. Micallef L. D. Parker, Financial Reporting by Government Departments, Australian Accounting Research Foundation, 1991.
108. United Nations Statistical Commission, System of National Accounts 1993 (SNA 93).
109. Victorian Commission of Audit, Report of the Victorian Commission of Audit, May 1993.
110. Victorian Economic and Budget Review Committee, Out on the Table, 32nd Report to the Victorian Parliament, November 1991.
111. Walker, D. M. Truth and Transparency: The Federal Government's Financial Condition and Fiscal Outlook Journal of Accountancy, Vol. 197, No. 4, 2004.
112. Walker, R. G. An Evaluation of the Information Conveyed by Consolidated Statements Abacus, December 1976.
113. Walker, R. G., Consolidated Statements: A History and Analysis, Arno, 1978.
114. Walker, R. G. CSOs Require Consistency and a Great Deal of Thought New Accountant, 16 April 1992.
115. Walker, R. G. NSW Figures: Have They Failed to Deliver? New Accountant, 30 September 1993.
116. Walker, R. G. Reporting the Financial Activities of State Governments in R. L. Cope (ed. Government and Parliament - Information Issues in the 1990s, School of Information Library and Archive Studies, University of New South Wales, 1995a.
117. Walker, R. G. Public Sector Consolidated Statements UNSW School of Accounting Working Paper Series (Sydney 1995b.
118. Walker, R. G. State Finances and Financial Management in M. Laffin M. Painter (eds Reform and Reversal: Lessons From the Coalition Government in New South Wales 1988-1995, Macmillan, 1995c.
119. Walker, R. G. Objectives of Financial Reporting Abacus, Vol. 39, No. 3, 2003.
120. Walker, R. G., F. L. Clarke G. W. Dean Options for Infrastructure Reporting Abacus, Vol. 36, No. 2, 2000.
121. Walker, R. G. B. Con Walker, Privatisation - Sell Off or Sell Out? The Australian Experience, ABC Books for the Australian Broadcasting Commission, 2000.
122. Western Australia Treasury Department, Community Service Obligation Policy in Western Australia, April 2000, available at http://www.dtf.wa.gov.au/ cms/uploadedFiles/cso.pdf (accessed 11 September 2008).
123. Whiteman, J. Defining and Quantifying Community Service Obligations - the Case of Telecom Economic Papers, September 1988.
124. Woods, M. Committee of Inquiry into the Assets and Public Debt of the ACT Canberra Bulletin of Public Administration, July 1991.