Usefulness of Non-Profit Private Entities Financial Reporting for Management Purposes
Ana J. Bellostas Pérez-Grueso
Isabel Brusca Alijarde
José M. Moneva Abadía
The relevant increase of the role of non profit organizations in the economic systems and their high social impact has induced accounting standard setters to introduce financial reporting standards for these entities. Usefulness for decision-taking is the main purpose for financial reporting and, in this context, was introduced the adaptation of the General Accounting Plan for non profit organizations. The present study analyses the usefulness of financial reporting required to non profit entities from a management perspective. For carrying out this goal, we sent a questionnaire to managers of Spanish public utility associations to know their opinion about the compulsory financial reporting. Our results show that managers of these entities use financial reporting for management purposes, although financial reporting is still basically relevant for accountability purposes. However, the budgetary statement is not very used.
non profit entities, financial reporting usefulness, public utility associations, non profit entities management.
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