Measuring Heritage Assets in Public Sector Financial Reporting: Dream or Reality?

Abstract

This book chapter intends to analyse a particular measurement basis, namely the ‘value in use’, regarding its definition and application in the public sector context. To this end, the current study assesses the development of a measurement practice in a particular jurisdiction, that is, Italy, compared with requirements in current International Public Sector Accounting Standards (IPSASs), in order to explore its suitability and practicability for a specific category of public sector assets, namely heritage assets.

Citation

Biondi, L., Grandis, F.G. and Vari, D. (2023), "Measuring Heritage Assets in Public Sector Financial Reporting: Dream or Reality?", Caruana, J., Bisogno, M. and Sicilia, M. (Ed.) Measurement in Public Sector Financial Reporting: Theoretical Basis and Empirical Evidence (Emerald Studies in Public Service Accounting and Accountability), Emerald Publishing Limited, Leeds, pp. 193-217. https://doi.org/10.1108/978-1-80117-161-820231010