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Governmental accounting / Steven M. Bragg.

Topic: 
ACCOUNTING
Author: 
Bragg, Steven M.
Edition: 
2020 edition
Note: 
Includes index.
Summary: 
Governmental accounting differs significantly from the accounting used by business-oriented organizations, because governments are structured to have different priorities than earning a profit. Instead they are supposed to provide services in a cost-effective manner. Governmental Accounting describes the unique aspects of governmental accounting, including the use of funds, the modified accrual basis of accounting, and many unique financial statement formats and disclosures. There is a strong emphasis on common accounting transactions, the comprehensive annual financial report, budgetary reporting, and nonexchange transactions.--