Banca de DEFESA: Walter Lucio Silva Pacheco

Uma banca de DEFESA de MESTRADO foi cadastrada pelo programa.
STUDENT : Walter Lucio Silva Pacheco
DATE: 13/09/2023
TIME: 14:00
LOCAL: Teams – Microsoft (Office 365)
TITLE:

ACCOUNTING THEORIES AND THEIR DEVELOPMENTS IN THE GENERATION OF GOVERNMENT INFORMATION: HOW THE CHOICE OF THE SHAREHOLDERS EQUITY ACCOUNTING THEORY CAN AFFECT THE UNDERSTANDING OF FINANCIAL STATEMENTES BY GOVERNMENTS.

KEY WORDS:

ACCOUTING THEORIES AND THEIR DEVELOPMENTS IN THE GENERATION OF GOVERNMENT INFORMATION; HOW THE CHOICE OF THE SHAREHOLDERS EQUITY ACCOUNTING THEORY CAN AFFECT THE UNDERSANDING OF FINANIAL STATEMENT BY GOVENMENTS.

PAGES: 116
BIG AREA: Outra
AREA: Multidisciplinar
SUMMARY:

Global economic growth has expanded businesses around the economies worldwide. There comes a new need with it – the reduction of information assimetry among users who share it. Accounting can be a tool to reduce this assimetry.
Getting the accounting information harmonized among different economies helps to reach that purpose. The development of accounting information technologies has brought its users near one another. Local domestic economies and the international community receive public entity information in various countries.
The economies convergence to the international accounting laws is an international cooperation to reduce accounting discrepancies and allow us to compare and understand the information from governments and their entities. The absence of a pattern affects the evaluation and comparison of other economies accounting information. In Brazil it started in 2008 with a Ministry of Finance 184 regulation.
One of the main duties of rulers is to decide. Decisions often receive more attention than the information used to do it. These pieces of information, though, have to be consistent and reliable, so that they could be useful to manage the public Administration. Public accounting is one of those information sources regulated in Brazil by the 4320 law, as of 1964, which dealt with the control, evaluation, elaboration, budgets and balance sheets.
Government officials need to understand financial statements so that they can mitigate prospective impacts in management and governance as they may interfere with the results. In addition if, on one hand, the budget resources are scarce, on the other hand, the results can not be obtained through laws, regulations or decrees.
The Federal Government is a public entity which does not have an owner, partners or shareholders. Its assets are destined to ensure operational capacity to perform its own activities. The non-accounting and inaccuracy in assets and liabilities distort the entity’s actual situation and impact equity. As such, determining the equity and naming it as net equity can bring biases and questions when reading financial statements, which can benefit or harm its users.
Such situations can compromise and make it difficult to the understanding of the accounting statements, as can be seen in the findings of public balance sheet (BPU), as of 2015.
The non-recording of R$ 344 billion previous obligation, the R$ 1,4 trillion negative equity and the balance sheet resembling that of a private entity are facts that demonstrate it. The first increases the values of obligations and does not reverse the impacts caused. The second is a problem for users to evaluate the Federal Government performance in relation to the return on assets and return on equity. And, finally, the understanding that the public sector resembles a private entity is associated with the accounting theory used and not with the possible identical existing characteristics between public and private entities.
In this research, standards related to Accounting were used, among others, with convergence to the accounting theories of property rights from a net equity’s perspective. For this purpose, the basis for the concepts and theoretical foundations were grounded in the Ownership Theory, in the Entity Theory and in the Fund Theory, able to meet the purpose of the research.
The studies and analyses allowed us to show how the choice of the net equity accounting theory can affect the public officials’s understanding of accounting statements.
This research demonstrated that the use of the owner's theory or by the entity theory obscures the public entity real situation and brings little transparency in relation its the operations, activities and decisions. The Fund Theory details the received resources and the aplplications, improving the disclousure as an instrument for transparency. The Fund Theory, though, is the one who reflects the information needed to better see the public entities.

COMMITTEE MEMBERS:
Externo ao Programa - 1181929 - JOSE MARILSON MARTINS DANTAS - nullInterno - 1716160 - LUIZ FERNANDO MACEDO BESSA
Interna - 1764461 - MAGDA DE LIMA LUCIO
Externo à Instituição - MARCELO ESTRELA FICHE