The Pivotal Role Of Accounting Concepts In The Development Of Public Sector Accounting Standards
Australian Accounting Review | Wiley | Published : 1999
Perhaps the most important decision made by the Public Sector Accounting Standards Board was taken soon after it was formed in 1983. That decision was to adopt a conceptual approach to the development of public‐sector accounting standards. This paper explores the implications for the reform of public‐sector financial reporting practices in Australia.