Suchergebnisse

Discusses the valuation "public sector assets" comprising public parks,
infrastructural assets (roads, drains, water supply, etc.), hospitals,
schools, universities and the like; and takes a passing look at the
modern public sector accounting practices which appear to create a need
for such valuations. The question about Cwhether or not accounting and
valuation technicians and definitions which are applied to private
sector profit making commercial organizations can be applied to public
sector non‐profit making entities is also examined. Since, in most
cases, there is no market for such assets does a valuation serve any
useful purpose in any accounting, accountability or management
framework? Indeed, are the utilities used by public sector organizations
strictly "assets" as that term is normally understood? What "bundle of
rights" attaches to such public facilities as parks and roads? To the
entity responsible for the provision and maintenance of such
"assets" are they not more in the nature of liabilities?