Belgian Public Accounting: Evolution and Compliance with IPSAS
| Autor: | Sabrina Bellanca, Julien Vandernoot |
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| Rok vydání: | 2012 |
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| Zdroj: | International Advances in Economic Research. 19:79-81 |
| ISSN: | 1573-966X 1083-0898 |
| DOI: | 10.1007/s11294-012-9386-8 |
| Popis: | The Belgian public accounting system is continuously evolving, but efforts must still be made to comply with international standards. Public accounting has been modified several times since the law of 15 May 1846 on state accounting. At first, public accounting only consisted of budgetary accounting, but it then evolved and now consists of two parts: budgetary accounting and double-entry general accounting based on transactions and inspired by the one used by the private sector. So, the law of 15th March 1991 on the reform of accrual state accounting and the provincial accounting (Loi du 15 mars 1991 portant reforme de la comptabilite generale de l’Etat et de la comptabilite provinciale, M.B. 22 mai 1991) as well as the law of 22nd May 2003 on the organization of the budget and the accounting of the federal state (Loi du 22 mai 2003 portant organisation du budget et de la comptabilite de l’Etat federal, M.B. 3 juillet 2003) made it possible to introduce such an accounting system. This system has the advantage of providing more information about the financial and economic situation of public entities and of being more accurate, which enables us to estimate, among other things, public property and public debt. Some external factors induced the reform of 2003. Firstly, we can mention the evolution of the Belgian state organization. Communities and regions are now expected to respect general principles, for instance in terms of accounting disclosure. Secondly, the organizational structure of the federal administration has beenmodified by the Copernicus reform (« Copernicus-Au centre de l’avenir: La reforme de l’Administration federale belge », 1er septembre 2004), which constitutes an opportunity to implement accrual accounting in all federal departments. Thirdly, at the same time as this national evolution, there has also been a modernization of accounting at the international level through the introduction of the International Public Sector Accounting Standards (IPSAS) and at the European level through the implementation of the European System of Accounts (ESA). These national and international reforms tomodernize accounting tally with the concept of Int Adv Econ Res (2013) 19:79–81 DOI 10.1007/s11294-012-9386-8 |
| Databáze: | OpenAIRE |
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