The Italian public sector has been traditionally characterised by a cash based and compliance ori... more The Italian public sector has been traditionally characterised by a cash based and compliance oriented governmental accounting, principally aimed at supporting the budgetary control by the legislative body. Over the last few decades, however, a new movement has been spreading around the world, casting doubt on the potentialities and advantages of the traditional accounting system in favour of an accrual basis one. This paper traces the progressive introduction of a complete accrual accounting by the Sicilian Regional public bodies – within the context of international and national public management changes – pursuing the ultimate goal to improve efficiency, accountability and transparency. After a close examination of the major choices made by a Committee established for this purpose, the work investigates about the need to go beyond a “simple” accrual basis accounting system especially in a context where concepts like inter-institutional horizon and public value are more and more relevant
The paper analyzes the most ancient private sicilian ledger, of the merchant Battista from Bononi... more The paper analyzes the most ancient private sicilian ledger, of the merchant Battista from Bononia (first half of XV century). It was not still in Double Entry method, but it witnessed the slow passage toward the new method. It has been published on "Contabilità e Cultura Aziendale", Year 2008, Vol. 8, n. 2.
Since the 2008 global economical and financial crisis, the fair value measurement has acquired a ... more Since the 2008 global economical and financial crisis, the fair value measurement has acquired a controversial position both within the accounting regulatory committees and the accounting theory. The literature generally examines two opposite central paradigms of evaluation, namely the Fair Value Accounting (FVA) and the
The Italian public sector has been traditionally characterised by a cash based and compliance ori... more The Italian public sector has been traditionally characterised by a cash based and compliance oriented governmental accounting, principally aimed at supporting the budgetary control by the legislative body. Over the last few decades, however, a new movement has been spreading around the world, casting doubt on the potentialities and advantages of the traditional accounting system in favour of an accrual basis one. This paper traces the progressive introduction of a complete accrual accounting by the Sicilian Regional public bodies – within the context of international and national public management changes – pursuing the ultimate goal to improve efficiency, accountability and transparency. After a close examination of the major choices made by a Committee established for this purpose, the work investigates about the need to go beyond a “simple” accrual basis accounting system especially in a context where concepts like inter-institutional horizon and public value are more and more relevant
The paper analyzes the most ancient private sicilian ledger, of the merchant Battista from Bononi... more The paper analyzes the most ancient private sicilian ledger, of the merchant Battista from Bononia (first half of XV century). It was not still in Double Entry method, but it witnessed the slow passage toward the new method. It has been published on "Contabilità e Cultura Aziendale", Year 2008, Vol. 8, n. 2.
Since the 2008 global economical and financial crisis, the fair value measurement has acquired a ... more Since the 2008 global economical and financial crisis, the fair value measurement has acquired a controversial position both within the accounting regulatory committees and the accounting theory. The literature generally examines two opposite central paradigms of evaluation, namely the Fair Value Accounting (FVA) and the
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Papers by Massimo Costa
It has been published on "Contabilità e Cultura Aziendale", Year 2008, Vol. 8, n. 2.
It has been published on "Contabilità e Cultura Aziendale", Year 2008, Vol. 8, n. 2.