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
Read more about this topic: Financial Statements
Famous quotes containing the words government, financial and/or statements:
“Nothing is so galling to a people not broken in from the birth as a paternal, or in other words a meddling government, a government which tells them what to read and say and eat and drink and wear.”
—Thomas Babington Macaulay (1800–1859)
“The woman who does her job for society inside the four walls of her home must not be considered by her husband or anyone else an economic “dependent,” reaching out her hands in mendicant fashion for financial help.”
—Mary Barnett Gilson (1877–?)
“In so far as the statements of geometry speak about reality, they are not certain, and in so far as they are certain, they do not speak about reality.”
—Albert Einstein (1879–1955)