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:
“Frankly, I’d like to see the government get out of war altogether and leave the whole field to private industry.”
—Joseph Heller (b. 1923)
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—Mary Barnett Gilson (1877–?)
“There was books too.... One was “Pilgrim’s Progress,” about a man that left his family it didn’t say why. I read considerable in it now and then. The statements was interesting, but tough.”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)