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 can’t say that the college-bred woman is the most contented woman. The broader her mind the more she understands the unequal conditions between men and women, the more she chafes under a government that tolerates it.”
—Susan B. Anthony (1820–1906)
“Just as men must give up economic control when their wives share the responsibility for the family’s financial well-being, women must give up exclusive parental control when their husbands assume more responsibility for child care.”
—Augustus Y. Napier (20th century)
“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)