Implementing the International Public Sector Accounting Standards for consolidated financial statements: facilitators,benefits and challenges期刊界 All Journals 搜尽天下杂志传播学术成果专业期刊搜索期刊信息化学术搜索

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Implementing the International Public Sector Accounting Standards for consolidated financial statements: facilitators,benefits and challenges

Authors:	Patrícia Gomes Isabel Brusca Maria José Fernandes

Institution:	1. Department of Accounting and Taxation, Research Centre for accounting and taxation, Polytechnic Institute of Cávado and Ave (IPCA), Portugalhttps://orcid.org/0000-0002-7587-2028;2. Department of Accounting and Finance, University of Zaragoza, Spainhttps://orcid.org/0000-0002-2897-1744;3. Department of Accounting and Taxation, Research Centre for accounting and taxation, Polytechnic Institute of Cávado and Ave (IPCA), Portugalhttps://orcid.org/0000-0002-6989-5944

Abstract:	ABSTRACT Portugal and Spain have reformed their national standards to adapt them to the International Public Sector Accounting Standards (IPSAS). This paper explains the process of implementing the IPSAS for consolidated reporting in the two countries and the advantages and disadvantages which have emerged. The results highlight the role of the IPSAS in improving the quality and use of consolidated financial statements (CFS) and will be of interest to other countries that are intending to implement the IPSAS.

Keywords:	Consolidated financial statements (CFS) IFRS IPSAS Portugal Spain