Public Accounting for Infrastructure Assets: an Alternative to the PGCP-Approach
Inmaculada Lucuix García
The problems that fixed assets accounting create in govemmental accounting, in relation with monly used infrastructure, present particular aspects that have led to various proposals regard1 ting and disclosure. The aim of this paper is to offer an analysis of several suggested aproaches in order to provide (framework with which the Spanish solution maybe compared. In accordance with the planned, these alternatives have been classified in two groups, depending on whether or not they propose the recognition of the infrastructure on the balance sheet. All the analysed altematives provide a more comprehensive information about the existence an situation of the infrastructure than the adopted solution in our Chart of Accounts for governmental entities, though the orientation and objectives of our public financial accounting system advise us the balance sheet as the most appropriate financial statement to provide such information.
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