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:
“We talk about a representative government; but what a monster of a government is that where the noblest faculties of the mind, and the whole heart, are not represented! A semihuman tiger or ox, stalking over the earth, with its heart taken out and the top of its brain shot away. Heroes have fought well on their stumps when their legs were shot off, but I never heard of any good done by such a government as that.”
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—T.S. (Thomas Stearns)