Budgeting and public expenditures

11th annual OECD public sector accruals symposium (3-4 March 2011)


The 11th annual OECD public sector accruals symposium was held on 3-4 March 2011 in Paris. The meeting was chaired by Ian Mackintosh, Vice-Chair of the International Accounting Standards Board.



Thursday 3 March 2011

Report by the International Public Sector Accounting Standards Board (IPSASB): This session was designed to update delegates on developments with regard to International Public Sector Accounting Standards (IPSAS). It provided a progress report on the Board’s ongoing work on promulgating standards, and discussion of the Board’s overall strategy and work programme.

Presentation by John Stanford and Ian Carruthers

Report by the International Accounting Standards Board (IASB): This session was designed to update delegates on developments with regard to International Financial Reporting Standards (IFRS) and their implications for the public sector.

Background background document to Li Li Lian's presentation

Report by United States Federal Accounting Standards Advisory Board (FASAB): This session was designed to update delegates on developments with regard to United States Federal Accounting Standards. It provided a progress report on the Board’s ongoing work on promulgating standards and discussion of the Board’s overall strategy and work programme.

Presentation by Mark Reger

Report by the Statistics Department of the International Monetary Fund (IMF): This session was designed to update delegates on developments with regard to Government Finance Statistics (GFS), including the process under way for updating the GFS manual to harmonise with the 2008 System of National Accounts (SNA). It also discussed divergences between national accounting and financial accounting and their implications.

Presentation by Sagé de Clerck

Report by the Statistical Office of the European Commission (EUROSTAT): This session was designed to update delegates on developments with regard to the European System of Accounts (ESA). It provided a progress report on Eurostat's ongoing and future work on promulgating regulations on national accounting in Europe. Eurostat also discussed its new verification powers in regard to reporting of fiscal statistics by European governments.

Backgroune document (The role of Eurostat in the European Union) and presentation by John Verrinder

The Organisation and Functions of Government Accounting and Financial Management Services: There is considerable variety across countries in this field. This session discussed the institutional arrangements in place at the centre and in spending ministries/agencies, and their respective roles in accounting and financial management. It highlighted the use of information technology systems and other initiatives to promote efficiency and effectiveness. The session also discussed the relationship between accounting and financial management officers and “substantive” officers in spending ministries/agencies.

Presentations by: Ludo Goubert, BelgiumDiane Peressini, CanadaMark Reger, United StatesNick Jackson, United Kingdom

Implementing Accruals – Country Experiences: This session was designed to take stock of country experiences with implementing accruals. Implementation of accruals has taken many forms. Accruals have been introduced for specific types of transactions only; introduced for use at the agency level only; and introduced for consolidated whole-of-government financial reporting. A few countries have also introduced accruals for budget appropriations.

This session focused on concrete lessons with implementing accruals, including overall project management, and how the introduction of accruals may fit into overall public management reforms.

Presentations by: Johann Seiwald, AustriaWon Suk Choi, KoreaTakashi Kitaba, JapanMarie-Pierre Calmel, France


Friday, 4 March 2011

IPSASB Conceptual Framework (Exposure Draft 1, December 2010): The International Public Sector Accounting Standards Board is in the process of developing a "Conceptual Framework for General Purpose Financial Reporting (GPFR) by Public Sector Entities" which will establish and define the concepts to be applied in developing International Public Sector Accounting Standards (IPSAS) and other documents that provide guidance on information included in GPFRs. Although all the components of the conceptual framework are interconnected, the conceptual framework project is being developed in phases. The components have been grouped as follows, and are being considered in the following sequence:

  • Phase 1 ― the scope of financial reporting, the objectives of financial reporting and users of GPFRs, the qualitative characteristics of information included in GPFRs, and the reporting entity.
  • Phase 2 ― the definition and recognition of the elements of financial statements.
  • Phase 3 ― consideration of the measurement basis (or bases) that may validly be adopted for the elements that are recognised in the financial statements.
  • Phase 4 ― consideration of the concepts that should be adopted in deciding how to present financial and non-financial information in GPFRs.

The relevant documents (“exposure drafts”) on the conceptual framework can be downloaded from www.ipsasb.org.

Presentation by Andreas Bergmann, IPSASB

Structure and Format of Government Financial Statements: Governments are modernising the structure and format of their financial statements in order to present the information in a more user-friendly manner. This has involved identifying and addressing the needs of the various users of financial statements. This session provided examples of how government financial statements have been modernised in terms of: restructuring their content; new presentational formats, design and content; and specific initiatives to simplify the language used. The role of summary reports and citizens’ guides was highlighted.

Sir Andrew Likierman, Dean of the London Business School and former Head of the Government Accountancy Service and Managing Director of the United Kingdom Treasury, as well as inaugural chair of the OECD accruals symposium, opened the discussion.

Presentations by:  Tim Youngberry, Australia;  Karen Sanderson, United Kingdom;  Marc Vermuth, Switzerland;  Scott Bell, United States

Future Work Programme: This session allowed delegates to identify emerging priority areas for future work, the nature of their interest in the subject, and their willingness to participate in particular studies.


Related Documents


Senior Budget Officials network on financial management


Countries list

  • Afghanistan
  • Albania
  • Algeria
  • Andorra
  • Angola
  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahamas
  • Bahrain
  • Guernsey
  • Jersey
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Venezuela
  • Bosnia and Herzegovina
  • Botswana
  • Brazil
  • British Virgin Islands
  • Brunei Darussalam
  • Bulgaria
  • Burkina Faso
  • Burundi
  • Cabo Verde
  • Cambodia
  • Cameroon
  • Canada
  • Cayman Islands
  • Central African Republic
  • Chad
  • Chile
  • Chinese Taipei^Taipei
  • Colombia
  • Comoros
  • Cook Islands
  • Costa Rica
  • Côte d'Ivoire
  • Croatia
  • Cuba
  • Cyprus
  • Czech Republic
  • Democratic People's Republic of Korea
  • Democratic Republic of the Congo
  • Denmark
  • Djibouti
  • Dominica
  • Dominican Republic
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Ethiopia
  • European Union
  • Faeroe Islands
  • Micronesia
  • Fiji
  • Finland
  • Former Yugoslav Republic of Macedonia
  • France
  • French Guiana
  • Gabon
  • Gambia
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Greenland
  • Grenada
  • Guatemala
  • Guinea
  • Guinea-Bissau
  • Guyana
  • Haiti
  • Honduras
  • Hong Kong (China)
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iraq
  • Ireland
  • Iran
  • Isle of Man
  • Israel
  • Italy
  • Jamaica
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Kiribati
  • Korea
  • Kuwait
  • Kyrgyzstan
  • Lao People's Democratic Republic
  • Latvia
  • Lebanon
  • Lesotho
  • Liberia
  • Libya
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macau (China)
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Mauritania
  • Mauritius
  • Mayotte
  • Mexico
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Myanmar
  • Namibia
  • Nauru
  • Nepal
  • Netherlands
  • New Zealand
  • Nicaragua
  • Niger
  • Nigeria
  • Niue
  • Norway
  • Oman
  • Pakistan
  • Palau
  • Palestinian Authority
  • Panama
  • Papua New Guinea
  • Paraguay
  • China (People’s Republic of)
  • Peru
  • Philippines
  • Bolivia
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Moldova
  • Congo
  • Romania
  • Russia
  • Rwanda
  • Saint Helena
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Samoa
  • San Marino
  • Sao Tome and Principe
  • Saudi Arabia
  • Senegal
  • Serbia
  • Serbia and Montenegro (pre-June 2006)
  • Seychelles
  • Sierra Leone
  • Singapore
  • Slovak Republic
  • Slovenia
  • Solomon Islands
  • Somalia
  • South Africa
  • South Sudan
  • Spain
  • Sri Lanka
  • Sudan
  • Suriname
  • Swaziland
  • Sweden
  • Switzerland
  • Syrian Arab Republic
  • Tajikistan
  • Thailand
  • Timor-Leste
  • Togo
  • Tokelau
  • Tonga
  • Trinidad and Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Turks and Caicos Islands
  • Tuvalu
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Tanzania
  • United States
  • United States Virgin Islands
  • Uruguay
  • Uzbekistan
  • Vanuatu
  • Viet Nam
  • Wallis and Futuna
  • Western Sahara
  • Yemen
  • Zambia
  • Zimbabwe
  • Curaçao
  • Bonaire
  • Saba