Measurement in Public Sector Financial Reporting presents a constructive and thoughtful analysis of possible valuation methodologies for the public sector context and related peculiarities and critical issues.

Foreword; Sandra Cohen INTRODUCTION Chapter 1. Exploring the Measurement Dilemma in Public Sector Financial Reporting; Josette Caruana, Marco Bisogno, and Mariafrancesca Sicilia FRAMEWORKS AND METHODOLOGIES Chapter 2. Pathways for Implementing an Asset Information Framework for the Valuation and Management of Fixed Assets; Mohamed Salah and Marco Bisogno Chapter 3. Accounting for Public Sector Assets: Comparing Historical Cost and Current Value Models; Yuri Biondi and Lasse Oulasvirta Chapter 4. The Principle of Prudence in Government Accounting; Berit Adam, Jens Heiling, and Tim Meglitsch Chapter 5. The Applicability of the Current Operational Value for the Measurement of Assets in the Public Sector; Kamira Sánchez and Fabrizio Mocavini MEASURING AND REPORTING THE ELEMENTS IN FINANCIAL STATEMENTS Chapter 6. The Measurement of Income and Expenditure: Comparing Public Accounts and National Accounts; Giovanna Dabbicco and Josette Caruana Chapter 7. The Relevance of the Consolidated Financial Statement in the Measurement of Local Government Liabilities; Cristian Carini and Claudio Teodori Chapter 8. Public Administrations’ Equity (Net Assets): Where Problems of Evaluation and Measurement Walk Together; Riccardo Mussari, Pasquale Ruggiero, and Daniela Sorrentino FOCUSING ON HERITAGE Chapter 9. Measurement and Reporting of Heritage Assets - Insights from Practice in New Zealand; Nives Botica Redmayne, Fawzi Laswad, and Dimu Ehalaiye Chapter 10. Measuring Heritage Assets in Public Sector Financial Reporting: Dream or Reality?; Lucia Biondi, Fabio Giulio Grandis, and Daniele Vari Chapter 11. Towards Convergence of Heritage Accounting Perspectives: The Public Sector and the Private Not-for-Profit Sector; Natalia Aversano and Johan Christiaens