State and Local Government Internet Research
Date Submitted: 09/09/2006 22:36:53
Category: / Business & Economy / Accounting
Length: 3 pages (861 words)
Category: / Business & Economy / Accounting
Length: 3 pages (861 words)
The purpose of accounting is to provide financial information to management and the public. Generally accepted accounting principles (GAAP) are the minimum standards
and guidelines for financial accounting and reporting for state and local governments.
These principles were developed to establish requirements for the fair presentation and
comparability of financial information among governments. Adherence to GAAP ensures
that financial reports of all local governments will contain the same types and categories of funds and account …
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…profession since 1906. The Association's 14,100 members are dedicated to the sound management of government financial resources. The Association administers a broad range of services and programs in the major functional areas of government financial management, including accounting, auditing, and financial planning, along with many other areas.
Resources:
AICPA
Web Site: www.aicpa.org/
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GFOA
Web Site: www.gfoa.org/
GASB
Web Site: www.GASB.org/
FASB
Web Site: www.fasb.org/
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