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F. Aceituno, J. Valeriano, R. Bolivar and M. Pedro, “The Conceptual Framework Concept and the Allocation of Incomes in the Consolidated Entity: Its Impact on Financial Ratios,” International Journal of Commerce and Management, Vol. 16, No. 2, 2006, pp. 95-115.

has been cited by the following article:

• TITLE: The Accounting Harmonization Process: Italian Public Principles and International Accounting Standards. Is It a Cultural Choice?

  AUTHORS: Roberto Jannelli, Cristina Tesone

  KEYWORDS: IPSAS; EPSAS; Accrual Basis of Accounting; Cash Basis of Accounting; Public Accounting Reform; Cultural Choice

  JOURNAL NAME: Open Journal of Accounting, Vol.2 No.4, October 21, 2013

  ABSTRACT: The aim of this paper is to evaluate the complex process of Accounting Harmonization, which involves the Italian Public Administration and the pressure to have a more transparent information system for the development of suitable accountability and comparability. Additionally, the paper examines the degree of diffusion of the IPSAS, the main characteristics of these principles and the difficulties face implementing them. These difficulties, lead to the creation of a set of European Public Sector Accounting Standards (EPSAS). The introduction of the new accounting rules is intended to facilitate the comparability of financial statements and improve the quality and transparency of economic and financial information, favouring the increase of efficiency and integration, at least at a European level. The investigation of this paper supports the theory that before selecting the best principles to apply, it is necessary to make a cultural choice.