Public Expenditure Return as A Proposed Accounting Concept for The Disclosure of Social Performance of Governmental Sector

International Journal of Accounting and Management Sciences (IJAMS)
Vol1 No.2 October 2022

DOI https://www.doi.org/10.56830/FJCQ7366

Author

Samy Hosny Mohamed Tamera

Abstract

Although the primary goal of the governmental sector is a social goal that is to raise the
level of social welfare of citizens, the International Public Sector Accounting Standards
(IPSAS) did not regulate the process of recognition and accounting disclosure of financial
information which enables of the evaluation social performance of this sector, the reason of
that is the lack of a scientific concept that can be measured and disclosed as a financial
information – in the governmental sector – express the social benefits obtained by citizens as a
result of the public expenditure done by the governmental sector units. The researcher
proposed the concept of public expenditure return as an expression of those benefits, which
are considered as social revenue for governmental sector units, to be disclosed through an
independent financial statement called the social performance statement. It must be approved
as a financial statement that must be prepared by governmental sector units in addition to the
four financial statements stipulated in IPSAS 1 which are represented in the statement of:
(Financial Position – Financial Performance Change in net assets – financial flows).

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