LATEST DEVELOPMENTS IN LOCAL GOVERNMENT ACCOUNTING IN SPAIN |
| |
Authors: | José Manuel Vela |
| |
Institution: | The author is Professor of Accounting and Finance, Universitat Jaume I. The financial support of the University of Valencia through research project 1163 (27/09/1994) is gratefully acknowledged. |
| |
Abstract: | This paper provides an analysis of the present situation concerning local government accounting in Spain following recent reforms introduced in the early nineties. It presents a picture of the main features of Spanish local finance—budgeting and accounting, the measurement focus, and the basis of accounting—and analyses the financial reporting system adopted by Spanish municipalities. This is followed by a critical review of several weak points in the reform which in the author's view will encourage further developments. |
| |
Keywords: | local government accounting budgets reporting |
|