Although accrual accounting has become increasingly more popular in many governments over recent years, some issues remain unresolved. Previous literature questioned whether non-business-like governmental assets can be adequately capitalized. Whereas these studies mostly focussed on specific...

This paper presents an overview of the current Belgian accounting reform. This reform treats the transition from a cameralistic/cash accounting to a system that integrates both the cameralistic and the accrual accounting in Flemish municipalities. The focus is on actual empirical outcomes of...