Exploring the Relevance of Accounting Frameworks in the Pursuit of Financial Sustainability of Public Sector Entities: A Holistic Approach

The objective of this chapter is to explore the usefulness of accounting frameworks as a reference for providing valuable information to support financial sustainability. The chapter defines the concepts and scope of accounting frameworks and financial sustainability. Following these explanations, we elaborate on how these accounting frameworks, including financial accounting, management accounting, budgeting systems, national accounts and performance reporting systems, may contribute to financial sustainability of public sector entities.