Accounting for Financial Health: Different Local Governments’ Choices in Different Governance Settings
21 Pages Posted: 16 Sep 2011
Date Written: September 13, 2011
The purpose of this paper is to assess the extent to which a local government needs to have a specific set of accounting tools and techniques for financial health assessment attuned to the governance model in use for services delivery. In contrast with previous literature, which has discussed financial health measurement systems in local governments as an all-compassing tool, we stress the idea that measuring financial health must be assessed in the context of the governance setting in use.
Keywords: financial health, financial distress, performance measurement, local governments, service delivery, governance models
JEL Classification: H72, H74, H77, L32, L33, M41
Suggested Citation: Suggested Citation