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:
“I do love this people [the French] with all my heart, and think that with a better religion and a better form of government and their present governors their condition and country would be most enviable.”
—Thomas Jefferson (1743–1826)
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—New Yorker (April 23, 1990)
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—Mark Twain [Samuel Langhorne Clemens] (1835–1910)