publication . Article . 2015

The Effect of the Global Financial Crisis and the Sovereign Debt Crisis on Public Sector Accounting: A Contextual Analysis

Emmanuel Igbawase ABANYAM; Paul Aondona ANGAHAR;
Open Access
  • Published: 15 Feb 2015 Journal: International Journal of Academic Research in Accounting, Finance and Management Sciences, volume 5, issue 1 January, pages 72-79
Abstract
This paper examines the effect of global financial crisis and the sovereign debt crisis on public sector accounting. The global financial crisis and sovereign debt crisis were contextually analysed bringing out clearly its effect on public sector accounting which include accounting issues related to public sector intervention, accounting for recapitalization of investment, accounting for fiscal support, accounting for financial guarantees. The paper found out that, the unresolved fiscal and debt problems in some European countries and elsewhere could threaten the global economy. The implication of this is that, there is need for transparent financial reporting b...
Subjects
free text keywords: Financial Crisis, Sovereign Debt, Public sector Accounting, government interventions, Accounting Standards, Economic policy, Economics, Mark-to-market accounting, Accounting standard, Fund accounting, Financial ratio, Internal debt, Financial system, Financial crisis, Social accounting, European debt crisis
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publication . Article . 2015

The Effect of the Global Financial Crisis and the Sovereign Debt Crisis on Public Sector Accounting: A Contextual Analysis

Emmanuel Igbawase ABANYAM; Paul Aondona ANGAHAR;