Implementing IFRS in local government: value adding or additional pain
Purpose – The aim of this paper is determine the impact financial reporting obligations and, in particular, the International Financial Reporting Standards (IFRS) have on local government management decision making. In turn, this will lead to observations and conclusions regarding theresearch questi...
| Main Authors: | , |
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| Format: | Journal Article |
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Emerald Group Publishing Limited
2009
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| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/9167 |
| _version_ | 1848745871866331136 |
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| author | Pilcher, Robyn Dean, G. |
| author_facet | Pilcher, Robyn Dean, G. |
| author_sort | Pilcher, Robyn |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Purpose – The aim of this paper is determine the impact financial reporting obligations and, in particular, the International Financial Reporting Standards (IFRS) have on local government management decision making. In turn, this will lead to observations and conclusions regarding theresearch question: “Does reporting under the IFRS regime add value to the management of localgovernment?” Design/methodology/approach – Following analysis of a survey instrument distributed to all local governments in all states of Australia, this research reports on interviews within Australia’s largest state – New South Wales (NSW). Findings – In general, findings suggest that for smaller councils and those situated away from the major cities, the time spent on complying with IFRS and various other legislative demands results in management accounting issues often being downplayed. Research limitations/implications – A further paper needs to be conducted in order to determine in the second year of implementation the impact of IFRS – both in Australia and, in the future, in other countries – where local government is implementing IFRS. Practical implications will be evident when all Australian states are compared as NSW is the only state where an IFRS template has been produced for all local authorities. Originality/value – This is the first known analysis of IFRS in local government in Australia, and possibly the world. It utilises both survey and interview instruments within an institutional theory framework to capture the full richness of data available. |
| first_indexed | 2025-11-14T06:24:15Z |
| format | Journal Article |
| id | curtin-20.500.11937-9167 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T06:24:15Z |
| publishDate | 2009 |
| publisher | Emerald Group Publishing Limited |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-91672017-09-13T16:04:15Z Implementing IFRS in local government: value adding or additional pain Pilcher, Robyn Dean, G. International standards Local government Management strategy Australia Financial reporting Purpose – The aim of this paper is determine the impact financial reporting obligations and, in particular, the International Financial Reporting Standards (IFRS) have on local government management decision making. In turn, this will lead to observations and conclusions regarding theresearch question: “Does reporting under the IFRS regime add value to the management of localgovernment?” Design/methodology/approach – Following analysis of a survey instrument distributed to all local governments in all states of Australia, this research reports on interviews within Australia’s largest state – New South Wales (NSW). Findings – In general, findings suggest that for smaller councils and those situated away from the major cities, the time spent on complying with IFRS and various other legislative demands results in management accounting issues often being downplayed. Research limitations/implications – A further paper needs to be conducted in order to determine in the second year of implementation the impact of IFRS – both in Australia and, in the future, in other countries – where local government is implementing IFRS. Practical implications will be evident when all Australian states are compared as NSW is the only state where an IFRS template has been produced for all local authorities. Originality/value – This is the first known analysis of IFRS in local government in Australia, and possibly the world. It utilises both survey and interview instruments within an institutional theory framework to capture the full richness of data available. 2009 Journal Article http://hdl.handle.net/20.500.11937/9167 10.1108/11766090910973920 Emerald Group Publishing Limited restricted |
| spellingShingle | International standards Local government Management strategy Australia Financial reporting Pilcher, Robyn Dean, G. Implementing IFRS in local government: value adding or additional pain |
| title | Implementing IFRS in local government: value adding or additional pain |
| title_full | Implementing IFRS in local government: value adding or additional pain |
| title_fullStr | Implementing IFRS in local government: value adding or additional pain |
| title_full_unstemmed | Implementing IFRS in local government: value adding or additional pain |
| title_short | Implementing IFRS in local government: value adding or additional pain |
| title_sort | implementing ifrs in local government: value adding or additional pain |
| topic | International standards Local government Management strategy Australia Financial reporting |
| url | http://hdl.handle.net/20.500.11937/9167 |