Record Details

Valuation in the Public Sector. Reference Factor in a Credible and Fair Administration

Transylvanian Review of Administrative Sciences

View Archive Info
 
 
Field Value
 
Title Valuation in the Public Sector. Reference Factor in a Credible and Fair Administration
 
Creator DEACONU, Adela; Associate Professor, Department of Accounting and Audit, Faculty of Economics and Business Administration, Babeș- Bolyai University, Cluj-Napoca, Romania
NISTOR, Cristina Silvia; Associate Professor, Department of Accounting and Audit, Faculty of Economics and Business Administration, Babeș- Bolyai University, Cluj-Napoca, Romania
 
Subject public sector, effective governance, assets, liabilities, value, IVS, IPSAS, convergence
 
Description Public administration reform aims at the transformation of public institutions in business entities in which the principles that govern them are very close to the ones from the sphere of pri- vate entities. Public valuation is an accepted and implemented concept in public administration as a condition for ensuring complete, accurate and transparent images of available resources and their use. The present research determines through an empirical approach the regulation convergence of valuation in the public sector and presents its determinant factors and effects. The referentials subject to comparative analysis are International Valuation Standards (IVS), the last two editions, and International Public Sector Ac- counting Standards (IPSAS).The findings highlight the achievement of the objective of accounting and valuation stan- dard setters, IPSASB and IVSC, with regard to the convergence of valuation concepts and tools, in its last edition from 2011; however, the findings indicate certain differences regarding the guidance extent and the reference to mar- kets and atypical cases triggered by the global economic crisis. Our research has further found that the public accounting referential is closer to IVS 2011 than to IVS 2007 in what concerns disclosure requirements. This is in favor of the requirements imposed by the current economic environment regarding financial reporting, name- ly to provide more detail on the process of value estimation, the hypotheses and predictions used in this respect, and the risk of change of the es- timated value. 
 
Publisher Babes Bolyai University
 
Contributor —
 
Date 2014-11-04
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://rtsa.ro/tras/index.php/tras/article/view/5
 
Source Transylvanian Review of Administrative Sciences; 2014: Issue No. 43 E/October; 85-102
18422845
 
Language eng
 
Relation http://rtsa.ro/tras/index.php/tras/article/view/5/5
 
Rights Copyright (c) 2014 Transylvanian Review of Administrative Sciences