Governmental financial accounting and European harmonisation: Case study of Finland

What is it about?

This article handles the financial accounting harmonisation pressures in Europe and how a developed country Finland, with its own accounting culture and accruals model, is prone to keep its own model rather than to be compelled to adopt a less relevant model from outside.

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Why is it important?

It is an important case that shows how the national accounting models that satisfy users' needs should be treated from the standpoint of subsidiarity principle inside the EU.