African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4137

Full Length Research Paper

Popular financial reporting: Results, expense and welfare markers

Paolo Pietro Biancone
  • Paolo Pietro Biancone
  • Department of Management, University of Turin, Italy.
  • Google Scholar
Silvana Secinaro
  • Silvana Secinaro
  • Department of Management, University of Turin, Italy.
  • Google Scholar
Valerio Brescia
  • Valerio Brescia
  • Department of Management, University of Turin, Italy.
  • Google Scholar

  •  Received: 03 June 2017
  •  Accepted: 18 July 2017
  •  Published: 28 September 2017


The National and international accounting principles converged with the aim to provide information about consolidated groups, be it accessible, comprehensible and transparent. A public company group certainly varied in the support of Popular Financial Reporting, an instrument of consolidated economic property and  financial cost reporting. It completes financial, economic, patrimonial, quantitative and qualitative information of the consolidated group with a simple language, comprehensible to unauthorised personnel and all the citizens. Through quantitative statements, the results of local public companies are known, while qualitative information makes explicit the modalities through which  results are obtained. Colloquial documents are an important instrument of communication used collectively to describe results and expand the cost of reporting in a social dimension. The quantitative and qualitative data are inserted into the Popular Financial Reporting in order to guarantee transparency and provide useful information to understand the complexity of the consolidated public group. Citizens make themselves more and more bearers of active interest based on the definition of public politics. For  decades, sociologists and psychologists have been working together to develop indexes which mirror the developments of life quality better than Gross National Product statistics. “Happiness formulas” have also been invented, combining various criteria of welfare measurements with measure subjective perception of individuals in a situation. This work analyzes the role of consolidated information starting from the financial statement to the available instruments that  make it accessible to citizens. The work team wondered if potential correlations among compound indicators of welfare and expense for functions could be significant in the analysis of the results in local governments. As an example,  in our analysis, indicators made up of security, environment and heritage/culture and the related expense entries of the Italian province administrative centers have been taken into account. The research result demonstrates the usefulness of the compound indicators in the translation of the Public Group results towards citizens and the potential correlation between indicators and expense.

Key words: Public governance, popular reporting, local governments, consolidated information, indicators compounds of welfare.