05164oam 22012854 450 991082619710332120240402045611.01-4755-6423-61-4755-9244-2(CKB)2670000000278883(EBL)1606988(SSID)ssj0000972388(PQKBManifestationID)11619823(PQKBTitleCode)TC0000972388(PQKBWorkID)10958492(PQKB)11479200(MiAaPQ)EBC1606988(Au-PeEL)EBL1606988(CaPaEBR)ebr10627104(OCoLC)870245051(IMF)WPIEE2012228(IMF)WPIEA2012228(EXLCZ)99267000000027888320020129d2012 uf 0engur|n|---|||||txtccrSome Algebra of Fiscal Transparency : How Accounting Devices Work and How to Reveal Them /Timothy Irwin1st ed.Washington, D.C. :International Monetary Fund,2012.1 online resource (20 p.)IMF Working PapersIMF working paper ;WP/12/228"September 2012."1-4755-3668-2 1-4755-1057-8 Includes bibliographical references.Cover; Contents; I. Introduction; II. One True Deficit; A. Deficit Devices; B. Debt; III. Multiple Deficits; Figures; 1. Sets of Assets and Liabilities Recognized in Different Accounting Systems; A. Accounting Systems and the Devices They Allow; B. Extended Fiscal Accounts; C. Fiscal Sustainability; Tables; 1. Summary Extended Accounts, Clean Surpluses; IV. Dirty Deficits; A. Components of Clean Surpluses; B. Devices Revisited; V. Conclusion; ReferencesAccounting devices that artificially reduce the measured fiscal deficit can be analyzed as transactions involving unrecognized assets and liabilities. Different accounting systems recognize different sets of assets and liabilities and are thus vulnerable to different sets of devices. Some devices can be revealed by moving progressively from cash accounting to modified accrual accounting to full accrual accounting. Revealing all would require the publication of extended fiscal accounts in which all future cash flows give rise to assets or liabilities.IMF Working Papers; Working Paper ;No. 2012/228AccountingStandardsFinance, PublicBudget deficitsAccountingimfMoney and Monetary PolicyimfStatisticsimfPublic AdministrationimfPublic Sector Accounting and AuditsimfNational Budget, Deficit, and Debt: GeneralimfMonetary SystemsimfStandardsimfRegimesimfGovernment and the Monetary SystemimfPayment SystemsimfData Collection and Data Estimation MethodologyimfComputer Programs: OtherimfPublic finance accountingimfMonetary economicsimfFinancial reporting, financial statementsimfEconometrics & economic statisticsimfFiscal accounting and reportingimfAccrual accountingimfCurrenciesimfFinancial statementsimfGovernment finance statisticsimfPublic financial management (PFM)imfMoneyimfEconomic and financial statisticsimfFinance, PublicimfFinanceimfUnited StatesimfAccountingStandards.Finance, Public.Budget deficits.AccountingMoney and Monetary PolicyStatisticsPublic AdministrationPublic Sector Accounting and AuditsNational Budget, Deficit, and Debt: GeneralMonetary SystemsStandardsRegimesGovernment and the Monetary SystemPayment SystemsData Collection and Data Estimation MethodologyComputer Programs: OtherPublic finance accountingMonetary economicsFinancial reporting, financial statementsEconometrics & economic statisticsFiscal accounting and reportingAccrual accountingCurrenciesFinancial statementsGovernment finance statisticsPublic financial management (PFM)MoneyEconomic and financial statisticsFinance, PublicFinance332Irwin Timothy1373999DcWaIMFBOOK9910826197103321Some Algebra of Fiscal Transparency4075923UNINA