The case for comparability in financial reporting.
Government-owned organizations are accountable to citizens and their elected representatives. These organizations must provide financial information that will help in determining whether they are effectively pursuing their primary goal, which is to promote the general welfare. Regardless of the kind of service provided by a government-owned organization, the information needs of citizens and their elected representatives must be considered when developing accounting rules. If these needs are ignored or compromised in favor of the needs of other users, such as investors or creditors (the primary users of business financial reports), then financial reporting by government-owned organizations will not meet its objectives.
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D000066:Accounting / Q000592:standards*; D003625:Data Collection / Q000592:standards; D004282:Documentation; D005375:Financial Audit; D005377:Financial Management, Hospital / Q000592:standards*; D006779:Hospitals, Public / Q000191:economics*; D010067:Ownership; D014481:United States