Accountability in museums: Recognition, valuation, and disclosure of heritage assets in the Philippines

Date of Publication

2006

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Accountancy

Subject Categories

Accounting

College

Ramon V. Del Rosario College of Business

Department/Unit

Accountancy

Defense Panel Member

Wilfredo Baltazar
Karen Hizon

Florenz Tugas

Michael Angelo Cortez

Abstract/Summary

The museum exists primarily for two reasons: the people and the arts. It is established for the preservation of art objects donated and collected and their exhibition to the public for aesthetic, cultural, historical, and educational purposes. In this sense, the degree of responsibility here is no different than that of running a business establishment, because every institution has its own set of stakeholders. All collections in the museum are documented and safeguarded and all activities are reflected, for example, in budget reports.

The study will initiate a discussion in the Philippines about the prospective accounting treatments for heritage assets, a topic that has already been discussed widely in other countries and taken action upon. As the research will show, different methods of recognition and valuation of these assets are currently adopted in other countries, as their respective accounting standards require such practice. As of this date, no accounting standard for heritage assets exists in the Philippines.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU13253

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

92 leaves ; 28 cm.

Keywords

Museums--Philippines--Management; Museums-- Accounting; Museum finance

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