Article Abstract:
The New Zealand government has initiated reforms in the management of its public sector accounting. The process began in 1984, when the government realized that its poor economic growth rate could be addressed by applying free enterprise principles to the private and public sectors. Reforms in public sector accounting are in four main areas. These are the accountability between ministers and executives, the differentiation between expected government services and broader goals, management of resources and the differentiation between the government's purchase interest and ownership in interests.
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Article Abstract:
General financial statements for central government agencies in the UK is incapable of providing users with a tool adequate for decision making. A narrower focus is recommended in the structure of financial statements in the public sector in which intermediate users with indirect financial control as the basis for the conceptual framework. Profit seeking agencies will benefit from better financial management in public sector service delivery.
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Article Abstract:
Five government department district offices in New Zealand are studied to determine the managerial use of accounting control systems (ACS). Results show that increased decentralization in the decision-making process increases the use of ACS, which improves the performance of district offices. On the other hand, no direct relationship was found between decentralization and district office performance.
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