Government Financial Statements
See also: Fund accountingThe rules for the recording, measurement and presentation of government financial statements may be different from those required for business and even for non-profit organizations. They may use either of two accounting methods: accrual accounting, or cash accounting, or a combination of the two (OCBOA). A complete set of chart of accounts is also used that is substantially different from the chart of a profit-oriented business
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Famous quotes containing the words government, financial and/or statements:
“It does seem strange that the only place in the government which I would have liked to fill myself I am forced to give to another.”
—William Howard Taft (1857–1930)
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“The statements of science are hearsay, reports from a world outside the world we know. What the poet tells us has long been known to us all, and forgotten. His knowledge is of our world, the world we are both doomed and privileged to live in, and it is a knowledge of ourselves, of the human condition, the human predicament.”
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