GOVERNMENT ACCOUNTING AS AN APPROACH TO SOCIOECONOMIC DEVELOPMENT IN COLOMBIA

Abstract

The objective of the research was to identify different socio-economic development approaches that contribute to the processes of government accounting. This paper joins the literature on government accounting in Colombia, having as an impact the appropriate use of public resources within the entities of the Colombian State. The methodological nature of this work was based on descriptive analysis, the information was collected from various sources, such as official and academic documents, addressing economic and social aspects, it was identified that most of the research focuses on economic aspects, followed by social and combined approaches, which enriches the understanding of its impact on the socioeconomic development of the country. Among the results, it is identified that government accounting in Colombia has a dual focus, on the one hand, it focuses on serving society and guaranteeing rights and principles, promoting social equity, on the other hand, it fulfills an economic function by controlling the financial management of state entities and contributing to economic efficiency. The adoption of international standards is coordinated at the national level, but must be adapted to the local socio-economic environment. In conclusion, government accounting influences socioeconomic development, in its social approach with the connection with the environment and social responsibility, it stands out as a key tool for analysis and supervision, promoting transparency in public management. In its economic approach, it contributes to efficiency in the use of financial resources and guarantees confidence in monetary management, thus fulfilling the objective of identifying socio-economic development approaches.