The importance and challenges of the implementation of IPSAS accrual basis to the public sector: The case of Kosovo

Abstract: This paper aims to determine the importance and challenges of the reform and transition towards the International Public Sector Accounting Standards’ (IPSASs’) accrual accounting and its implementation in the public sector in Kosovo. A survey obtained primary data from a considerable representative sample of officials from budget organizations and institutions and members of publicly owned enterprises (POEs) and professional societies. The study analyzed the collected data using descriptive statistics, correlation and the Chi-Square and Kruskal–Wallis H tests. The reform contributes significantly to a better decision-making process and the use of public funds. It reflects the true long-term implications of policy decisions and therefore helps governments demonstrate accountability in the use of public funds. Despite the identified challenges, the study justifies the suggested reform in Kosovo. The findings emphasize its importance for improving accountability, transparency and financial management and building public confidence in information and the country’s macro-fiscal sustainability position.

How to cite this paper

 Ismaili, A., Ismajli, H & Vokshi, N. (2021). The importance and challenges of the implementation of IPSAS accrual basis to the public sector: The case of Kosovo.Accounting, 7(5), 1109-1118.

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