ISSN:
0960-2712
Source:
Emerald Fulltext Archive Database 1994-2005
Topics:
Economics
Notes:
Discusses the valuation "public sector assets" comprising public parks,infrastructural assets (roads, drains, water supply, etc.), hospitals,schools, universities and the like; and takes a passing look at themodern public sector accounting practices which appear to create a needfor such valuations. The question about Cwhether or not accounting andvaluation technicians and definitions which are applied to privatesector profit making commercial organizations can be applied to publicsector non-profit making entities is also examined. Since, in mostcases, there is no market for such assets does a valuation serve anyuseful purpose in any accounting, accountability or managementframework? Indeed, are the utilities used by public sector organizationsstrictly "assets" as that term is normally understood? What "bundle ofrights" attaches to such public facilities as parks and roads? To theentity responsible for the provision and maintenance of such"assets" are they not more in the nature of liabilities?
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1108/14635789410063896
