Abstract
Legal changes in accounting standards provide that State budget information public administration issues in financial reporting. Because of the importance and usefulness of preparing financial information, this research is aimed to reflect on the issues that should be addressed to carry out the enforcement of accounting standards in the field of state government, to circumscribe the financial regulatory criteria applied on the accrual basis or accrual. The study began with a review of the financial reporting issues, to choose as the unit of analysis is not probabilistic, the federation of Baja California Sur, with the intention to review more accurately the financial and budgetary information. Exploratory inductive method was applied and the study has a descriptive scope; hermeneutic theoretical on the financial information of the central administration and parastatal federal entity was also performed, to have an overview of the public sector in the state, raising central hypothesis that the financial information presented the federal entity integrates the budget items and helps to measure the objectives, strategies and development priorities of the state, the efficiency and effectiveness of public administration. As result of the study it includes the financial information and budget of the fiscal exercise 2012, the analytical financiers of income, expenses, debts, between others, as well as the reports of the public finance in the context of the governmental accounting of the local state public administration even outline efforts to obtain the above mentioned information, it being understood that the financial conditions of the entity of study are still to give to understand, that the commitment of the authority to expire with the countable norms is scarce, and reveal that the efficiency and efficacy of the public administration is limited.
Highlights
The process of accounting harmonization in Mexico has had a significant change in how to present financial information
The recording of transactions and financial information generated by the government accounting systems, with specific characteristics and regulations, seeking to accomplish with the principal attributes of accountability (Olais, 2013); the expectation is aligned in a single accounting system assets, liabilities, and equity based in public sector accounting standards
The accounting harmonization is a reality that applies to states and government agencies, and represents an important advance accountability, further progress is the application of accounting standards as financial information and budgets revenues and expenditures in the state public administration, in terms of accountability is one area that requires innovation in accounting processes and provide better and greater efforts by government public entities
Summary
The process of accounting harmonization in Mexico has had a significant change in how to present financial information This process involved the restructuring and homogeneity of the accounting standards and procedures of accounting whose purpose is accountability. Accounting theoretical framework of governmental accounting For some authors (Mejía, 1981) governmental accounting standards stems from the general accounting theory and this may explain all the economic transactions that made government agencies. At first, this accounting theory is normative, and descriptive, as it prescribes what should be done and how. Other authors consider that accounting theory "tries to explain the practice in a specific time or to rationalize the use of specific procedures" (Hendriksen, 1970), a point of view that is conducive to transparency and accountability
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