What are the features of good government accounting?

Q: What are some of the functions of a state board of public accountancy?

A:

Q: What are the bases of accounting? Describe how government accounting systems are structured. How do…

A: Government accounting is a technique used for collecting, processing and evaluating the economic…

Q: How does the financial system function?

A: Financial system function  has from starting gathering of funds This funds are used for capital…

Q: What are the reasons in support of financial reporting regulation

A: Financial reporting (sometimes known as accounting) is the process of recording and disclosing…

Q: features of good government accounting

A: Introduction Government accounting refers to the accounting software used by government entities to…

Q: What is financial service corporation?

A: Financial services sector refer to the services provided by the finance market. Their role is mainly…

Q: Who benefits the least from accounting regulation? Why?

A: The entity engages in day-to-day operations to provide goods and services to the customers and as a…

Q: How have users’ needs impacted the development of accounting principles for state and local…

A: Accounting principles refers to the set of rules and regulations which companies must follow in…

Q: What constitutes over regulation of financial systems?

A: Regulations of financial systems are absolutely necessary and highly important.   Financial…

Q: What databases are appropriate for government accounting?

A: The term "Government Accounting" refers to recording & analyzing all income , expenses &…

Q: What can be understood from the term Accounting diversity?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: you consider Government Accounti

A: Governmental accounting keeps strict control over resources while also categorizing operations into…

Q: What legislation governs government accounting in Trinidad? Discuss.

A: All the accounting is to be done according to the legislation of the respective land. so that the…

Q: What does deficit spending require a government to do?

A: Deficit spending is termed as when the expenditure is more than the earnings.

Q: Lawmakers should demand reform of government accounting standards?

A: Yes, lawmakers should demand reform of government accounting standards. Government accounting…

Q: Is there a connection between regulatory accounting and enterprise fund accounting

A: This is a set of accounting rules that only apply to a particular firm known as the RAP. Federal…

Q: What are the sources of finance for local government?

A: The local governments must generate sufficient revenues to finance their administrative operations.…

Q: What are the advantages of regulation of financial reporting?

A: Financial reporting refers to the disclosing of communicating the financial statements to the…

Q: What is the difference between accounting and business government

A: Accounting: It is the process of recording any financial transactions incurred in the financial year…

Q: Briefly expalin what is government accounting and what are some good features on government…

A: The accounting sector includes several subfields. Public accounting is one of its components.…

Q: Explain why establishing accounting standards is characterized as a politicalprocess

A: The standard setting process is a political process that is affected by the impact of several…

Q: What is GASB, Government Accounting Standards Board ?

A: Accounting:   Accounting is a system, or a process of collecting and organizing economic…

Q: The VAT on government is described as a final withholding system creditable system no answer is…

A: VAT is the value added tax . It is a flat tax levied on an item. It is an indirect tax  and a…

Q: What is public finance?

A: Public finance reflects on how and when the government needs to intervene in the economy.

Q: Why do governments intervene in setting accounting standards instead of leaving it to the private…

A: Government and politicians frequently become involved in financial accounting regulation. The…

Q: Who should set accounting standards? A government agency or private body such as the FASB?

A: Accounting standards are the rules and provisions that guide the manner in which accounting reports…

Q: government

A: Answer: Government accounting: Government accounting is accounting methods that are being followed…