Accrual accounting at different levels of the public sector: A systematic literature review

Azhar, Zubir and Alfan, Ervina and Kishan, Krishnen and Assanah, Nurul Husna (2022) Accrual accounting at different levels of the public sector: A systematic literature review. Australian Accounting Review, 32 (1). pp. 36-62. ISSN 1035-6908, DOI

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This paper has two main objectives. Firstly, it reviews relevant literature on the experiences of different levels of governments worldwide in adopting public sector accrual accounting (PSAA). Secondly, it critically analyses these studies and seeks to identify gaps in the extant literature to provide suggestions for future research. We reviewed and analysed 136 peer-reviewed journal articles on PSAA over a 23-year period spanning different levels of government worldwide. Our review and analysis suggest that the adoption of PSAA by different levels of government worldwide has been a long and complex process requiring possibly substantial implementation costs that are undisclosed to the public. Owing to the absence of high-quality research providing empirical evidence of the benefits of PSAA, we conclude that thus far, the benefits of PSAA to government and citizens have yet to be substantiated. A limitation of this paper is that it is confined to the keywords used in the literature search. Nonetheless, the approach of aggregating and analysing these articles collectively allows this paper to not only provide useful insights into understanding the determinants and outcomes of PSAA but also to offer meaningful directions for future research with regards to multi-level PSAA.

Item Type: Article
Funders: Malaysian Accountancy Research and Education Foundation (MAREF) (Grant No: PRT2/2019/4/A)
Uncontrolled Keywords: Local-governments; Financial information; Earnings management; Library collections; New-Zealand; Reform; Implementation; Universities; Standards; Adoption
Subjects: H Social Sciences > HF Commerce
H Social Sciences > HG Finance
Divisions: Faculty of Business and Economics
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 10 Oct 2023 02:38
Last Modified: 10 Oct 2023 02:38

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