Accounting Standards for Semi-Autonomous Agencies: Experiences and Lessons from Indonesia
The adoption of accrual accounting in government agencies has been so widespread. Following the global trend, Indonesian administration has implemented governmental accounting standards for its agencies. This study aims to explain accounting standards in the context of agencification, i.e. the use o...
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| Format: | Article |
| Language: | English |
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Ikatan Akuntan Indonesia
2021-09-01
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| Series: | The Indonesian Journal of Accounting Research |
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| Online Access: | https://ijar-iaikapd.or.id/index.php/ijar/article/view/539 |
| _version_ | 1819000005514493952 |
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| author | Budi Waluyo |
| author_facet | Budi Waluyo |
| author_sort | Budi Waluyo |
| collection | DOAJ |
| description | The adoption of accrual accounting in government agencies has been so widespread. Following the global trend, Indonesian administration has implemented governmental accounting standards for its agencies. This study aims to explain accounting standards in the context of agencification, i.e. the use of semi-autonomous agencies to deliver public services. The paper explores formulation and implementation of accounting standards by investigating case studies from semi-autonomous agencies in Indonesia. The data were collected through semi-structured interviews with agency officials, policymakers, standards-setters, and experts. The results were analyzed through an inductive-deductive approach. The study shows that whilst accrual accounting has stimulated fundamental change on financial reporting in the agencies, thus dual accounting standards at the beginning of the adoption is considered unnecessary by agency managers, policymakers, and standard-setter. The research also finds a constraint in the accounting system design that could hinder agencies to improve their financial reporting. |
| first_indexed | 2024-12-20T22:26:26Z |
| format | Article |
| id | doaj.art-919463e134614e9fac8d4f5c656cd97a |
| institution | Directory Open Access Journal |
| issn | 2655-1748 2086-6887 |
| language | English |
| last_indexed | 2024-12-20T22:26:26Z |
| publishDate | 2021-09-01 |
| publisher | Ikatan Akuntan Indonesia |
| record_format | Article |
| series | The Indonesian Journal of Accounting Research |
| spelling | doaj.art-919463e134614e9fac8d4f5c656cd97a2022-12-21T19:24:49ZengIkatan Akuntan IndonesiaThe Indonesian Journal of Accounting Research2655-17482086-68872021-09-0124332134810.33312/ijar.539Accounting Standards for Semi-Autonomous Agencies: Experiences and Lessons from IndonesiaBudi Waluyo0Polytechnic of State Finance STANThe adoption of accrual accounting in government agencies has been so widespread. Following the global trend, Indonesian administration has implemented governmental accounting standards for its agencies. This study aims to explain accounting standards in the context of agencification, i.e. the use of semi-autonomous agencies to deliver public services. The paper explores formulation and implementation of accounting standards by investigating case studies from semi-autonomous agencies in Indonesia. The data were collected through semi-structured interviews with agency officials, policymakers, standards-setters, and experts. The results were analyzed through an inductive-deductive approach. The study shows that whilst accrual accounting has stimulated fundamental change on financial reporting in the agencies, thus dual accounting standards at the beginning of the adoption is considered unnecessary by agency managers, policymakers, and standard-setter. The research also finds a constraint in the accounting system design that could hinder agencies to improve their financial reporting.https://ijar-iaikapd.or.id/index.php/ijar/article/view/539accounting standardsaccrual accountingagencificationgovernment accountingsemi-autonomous agencies |
| spellingShingle | Budi Waluyo Accounting Standards for Semi-Autonomous Agencies: Experiences and Lessons from Indonesia The Indonesian Journal of Accounting Research accounting standards accrual accounting agencification government accounting semi-autonomous agencies |
| title | Accounting Standards for Semi-Autonomous Agencies: Experiences and Lessons from Indonesia |
| title_full | Accounting Standards for Semi-Autonomous Agencies: Experiences and Lessons from Indonesia |
| title_fullStr | Accounting Standards for Semi-Autonomous Agencies: Experiences and Lessons from Indonesia |
| title_full_unstemmed | Accounting Standards for Semi-Autonomous Agencies: Experiences and Lessons from Indonesia |
| title_short | Accounting Standards for Semi-Autonomous Agencies: Experiences and Lessons from Indonesia |
| title_sort | accounting standards for semi autonomous agencies experiences and lessons from indonesia |
| topic | accounting standards accrual accounting agencification government accounting semi-autonomous agencies |
| url | https://ijar-iaikapd.or.id/index.php/ijar/article/view/539 |
| work_keys_str_mv | AT budiwaluyo accountingstandardsforsemiautonomousagenciesexperiencesandlessonsfromindonesia |