Academic Bibliography

 Search 200 years of publications by Ghent University researchers.
Advanced search
1 file | 1.45 MB
Add to list
  1. Search results
  2. Heritage assets in the due process of...

Heritage assets in the due process of the International Public Sector Accounting Standards Board (IPSASB)

Anschi De Wolf (UGent) , Johan Christiaens (UGent) and Natalia Aversano
(2020) PUBLIC MONEY & MANAGEMENT. 41(4). p.325-335
Author
Organization
Abstract
This paper assesses whether the IPSASB’s consultation paper (CP), ‘Financial Reporting for Heritage in the Public Sector’ might actually end academic debates about how to report on heritage assets. Similarities and differences in the position of the IPSASB, previous academic literature and the CP’s respondents are examined by the authors. IPSASB proposed that heritage be recognized and measured in financial statements, whereas the academic literature has supported reporting largely through disclosure notes. Most respondents agreed with the IPSASB, but raised the same difficulties as discussed in the academic literature. The respondents were mainly public sector entities and professional associations, mostly from Europe, Oceania and Africa. Though the CP asks the right questions, it does not provide the needed guidance which indicates it will not be able to end the ongoing debate. This research offers fresh knowledge about financial reporting on heritage items, offering financial statement users and preparers information about possible future stages of heritage accounting policy. The paper will be useful for policy- and decision-makers, as well as the standard setting boards (SSBs). It provides insight into respondents’ behaviour in consultation processes and the influence of a respondent’s background on participation, which should help SSBs improve their consultation processes. First steps were made regarding research into the influence of different variables (for example geographical locations, affiliation and legislative background) on opinions regarding the topic of the CP. This paper points the way forward for new discussions about accounting for heritage.
Keywords
General Business, Management and Accounting, Sociology and Political Science, Public Administration, Comment letter, consultation paper, heritage assets, IPSASB, recognition, stakeholder participation, FORMAL PARTICIPATION

Downloads

  • Download
    (...).pdf
    • full text (Published version)
    • |
    • UGent only
    • |
    • PDF
    • |
    • 1.45 MB

Citation

Please use this url to cite or link to this publication:

MLA
De Wolf, Anschi, et al. “Heritage Assets in the Due Process of the International Public Sector Accounting Standards Board (IPSASB).” PUBLIC MONEY & MANAGEMENT, vol. 41, no. 4, 2020, pp. 325–35, doi:10.1080/09540962.2020.1727114.
APA
De Wolf, A., Christiaens, J., & Aversano, N. (2020). Heritage assets in the due process of the International Public Sector Accounting Standards Board (IPSASB). PUBLIC MONEY & MANAGEMENT, 41(4), 325–335. https://doi.org/10.1080/09540962.2020.1727114
Chicago author-date
De Wolf, Anschi, Johan Christiaens, and Natalia Aversano. 2020. “Heritage Assets in the Due Process of the International Public Sector Accounting Standards Board (IPSASB).” PUBLIC MONEY & MANAGEMENT 41 (4): 325–35. https://doi.org/10.1080/09540962.2020.1727114.
Chicago author-date (all authors)
De Wolf, Anschi, Johan Christiaens, and Natalia Aversano. 2020. “Heritage Assets in the Due Process of the International Public Sector Accounting Standards Board (IPSASB).” PUBLIC MONEY & MANAGEMENT 41 (4): 325–335. doi:10.1080/09540962.2020.1727114.
Vancouver
1.
De Wolf A, Christiaens J, Aversano N. Heritage assets in the due process of the International Public Sector Accounting Standards Board (IPSASB). PUBLIC MONEY & MANAGEMENT. 2020;41(4):325–35.
IEEE
[1]
A. De Wolf, J. Christiaens, and N. Aversano, “Heritage assets in the due process of the International Public Sector Accounting Standards Board (IPSASB),” PUBLIC MONEY & MANAGEMENT, vol. 41, no. 4, pp. 325–335, 2020.
@article{8647898,
  abstract     = {{This paper assesses whether the IPSASB’s consultation paper (CP), ‘Financial Reporting for Heritage in the Public Sector’ might actually end academic debates about how to report on heritage assets. Similarities and differences in the position of the IPSASB, previous academic literature and the CP’s respondents are examined by the authors. IPSASB proposed that heritage be recognized and measured in financial statements, whereas the academic literature has supported reporting largely through disclosure notes. Most respondents agreed with the IPSASB, but raised the same difficulties as discussed in the academic literature. The respondents were mainly public sector entities and professional associations, mostly from Europe, Oceania and Africa. Though the CP asks the right questions, it does not provide the needed guidance which indicates it will not be able to end the ongoing debate.

This research offers fresh knowledge about financial reporting on heritage items, offering financial statement users and preparers information about possible future stages of heritage accounting policy. The paper will be useful for policy- and decision-makers, as well as the standard setting boards (SSBs). It provides insight into respondents’ behaviour in consultation processes and the influence of a respondent’s background on participation, which should help SSBs improve their consultation processes. First steps were made regarding research into the influence of different variables (for example geographical locations, affiliation and legislative background) on opinions regarding the topic of the CP. This paper points the way forward for new discussions about accounting for heritage.}},
  author       = {{De Wolf, Anschi and Christiaens, Johan and Aversano, Natalia}},
  issn         = {{0954-0962}},
  journal      = {{PUBLIC MONEY & MANAGEMENT}},
  keywords     = {{General Business,Management and Accounting,Sociology and Political Science,Public Administration,Comment letter,consultation paper,heritage assets,IPSASB,recognition,stakeholder participation,FORMAL PARTICIPATION}},
  language     = {{eng}},
  number       = {{4}},
  pages        = {{325--335}},
  title        = {{Heritage assets in the due process of the International Public Sector Accounting Standards Board (IPSASB)}},
  url          = {{http://doi.org/10.1080/09540962.2020.1727114}},
  volume       = {{41}},
  year         = {{2020}},
}
Altmetric
View in Altmetric
Web of Science
Times cited: