Accounting Devices and Fiscal Illusions is popular PDF and ePub book, written by Timothy Irwin in 2012-03-28, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Accounting Devices and Fiscal Illusions can be Read Online from any device for your convenience.
Accounting Devices and Fiscal Illusions Book PDF Summary
This proposed SDN surveys the various accounting stratagems which governments have used to meet fiscal targets—thereby sidestepping the need for true adjustment—and suggests remedial actions to limit this type of fiscal non-transparency. Types of creative accounting covered includes, for instance, currency swaps to hide a debt build-up (as in Greece in 2001–07), sale and leaseback of government property (for example, in the United States), assumption of long-term pension obligations in exchange for short-term revenue (Argentina, Hungary, and other Eastern European countries), use of public-private partnerships to defer the recognition of investment spending (for instance, Portugal), and reliance on non-cash compensation (such as pension rights) to reduce measured wage bills (in the United States, United Kingdom, etc.) As is evident from the examples given, these fiscal tricks have recently come under increased international scrutiny, highlighting the importance of good fiscal reporting, accounting, and transparency in general, for avoiding unpleasant surprises, ensuring government accountability, and containing fiscal vulnerabilities.
Detail Book of Accounting Devices and Fiscal Illusions PDF
- Author : Timothy Irwin
- Release : 28 March 2012
- Publisher : International Monetary Fund
- ISBN : 9781475571325
- Genre : Business & Economics
- Total Page : 24 pages
- Language : English
- PDF File Size : 7,6 Mb
If you're still pondering over how to secure a PDF or EPUB version of the book Accounting Devices and Fiscal Illusions by Timothy Irwin, don't worry! All you have to do is click the 'Get Book' buttons below to kick off your Download or Read Online journey. Just a friendly reminder: we don't upload or host the files ourselves.