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The Department of Defence — Australia's Most Profitable Business?

The Department of Defence — Australia's Most Profitable Business? In its financial statements, the Department of Defence is portrayed as being a highly profitable enterprise which is largely self‐funding, yet it sells nothing and is dependent on budget appropriations for its income. The applicability of AAS and many of the New Public Management reforms to the public sector is questioned following an analysis of the departments financial statements. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Australian Accounting Review Wiley

The Department of Defence — Australia's Most Profitable Business?

Australian Accounting Review , Volume 13 (30) – Jul 1, 2003

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Publisher
Wiley
Copyright
2003 CPA Australia
ISSN
1035-6908
eISSN
1835-2561
DOI
10.1111/j.1835-2561.2003.tb00398.x
Publisher site
See Article on Publisher Site

Abstract

In its financial statements, the Department of Defence is portrayed as being a highly profitable enterprise which is largely self‐funding, yet it sells nothing and is dependent on budget appropriations for its income. The applicability of AAS and many of the New Public Management reforms to the public sector is questioned following an analysis of the departments financial statements.

Journal

Australian Accounting ReviewWiley

Published: Jul 1, 2003

References