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Some Algebra of Fiscal Transparency How Accounting Devices Work and How to Reveal Them

Accounting devices that artificially reduce the measured fiscal deficit can be analyzed as transactions involving unrecognized assets and liabilities. Different accounting systems recognize different sets of assets and liabilities and are thus vulnerable to different sets of devices. Some devices ca...

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Bibliographic Details
Main Author: Irwin, Timothy
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2012
Series:IMF Working Papers
Subjects:
Government And The Monetary System
Payment Systems
Public Administration
Accrual Accounting
Financial Statements
Monetary Economics
Regimes
Public Finance Accounting
Computer Programs: Other
Fiscal Accounting And Reporting
Data Collection And Data Estimation Methodology
Money
Standards
Government Finance Statistics
Accounting
Finance, Public; Accounting
Currencies
Public Sector Accounting And Audits
Monetary Systems
Public Financial Management (pfm)
Economic And Financial Statistics
Financial Reporting, Financial Statements
National Budget, Deficit, And Debt: General
Econometrics & Economic Statistics
Statistics
Money And Monetary Policy
Finance; Statistics
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:Accounting devices that artificially reduce the measured fiscal deficit can be analyzed as transactions involving unrecognized assets and liabilities. Different accounting systems recognize different sets of assets and liabilities and are thus vulnerable to different sets of devices. Some devices can be revealed by moving progressively from cash accounting to modified accrual accounting to full accrual accounting. Revealing all would require the publication of extended fiscal accounts in which all future cash flows give rise to assets or liabilities
Physical Description:19 pages
ISBN:9781475510577

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