Government accounting refers to the process of recording and the management of all financial transactions incurred by the government which includes its income and expenditures.
Various governmental accounting systems are used by various public sector entities. In the United States, for instance, there are two levels of government which follow different accounting standards set forth by independent, private sector boards. At the federal level, the Federal Accounting Standards Advisory Board (FASAB) sets forth the accounting standards to follow. Similarly, there is the Governmental Accounting Standards Board (GASB) for state and local level government.
Course Curriculum
Chapter One | |||
Welcome Details | 00:00:00 | ||
Chapter 01 Part 01 Details | 00:00:00 | ||
Chapter 01 Part 02 Details | 00:00:00 | ||
Chapter 01 Part 03 Details | 00:00:00 | ||
Chapter 01 Part 04 Details | 00:00:00 | ||
Chapter 01 Part 05 Details | 00:00:00 | ||
Chapter 01 Part 06 Details | 00:00:00 | ||
Chapter 01 Part 07 Details | 00:00:00 | ||
Chapter Two | |||
Chapter 02 Part 01 Details | 00:00:00 | ||
Chapter 02 Part 02 Details | 00:00:00 | ||
Chapter Three | |||
Chapter 03 Part 01 Details | 00:00:00 | ||
Chapter 03 Part 02 Details | 00:00:00 | ||
Chapter 03 Part 03 Details | 00:00:00 |
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