Asset depletion on the balance sheet: an idea whose time has come?

Abstract

This article explores the possible impact on cash flows and balance sheets of Florida’s 67 counties if asset depletion were recorded in a manner analogous to that of private entities. Findings highlight the difficulty that may be encountered with changing emphasis of government accounting from focus on cash flows to that of actual resources utilized.

Citation

Frank, H.A. (1996), "Asset depletion on the balance sheet: an idea whose time has come?", Journal of Public Budgeting, Accounting & Financial Management, Vol. 8 No. 4, pp. 530-553. https://doi.org/10.1108/JPBAFM-08-04-1996-B009