Tag Archives: Financial Accounting Foundation

Five Questions About Govt Accounting You Need To Know, But May Not Ask

In August of 2007, the GFOAz gave a presentation called “Governmental Accounting: What You Don’t Know Could Hurt You.” We thought this was an interesting title. At the same time, we understand that when new clerks are approached with words like “FASAB”, “GAAP”, “Fund Accounting,” and “MFBA”, as important as these terms are to understand, it can be intimidating to ask.

Accounts

So we took five questions from this presentation and summarized them, hoping that for some of you it will help clarify the principles behind government accounting…from the privacy of your own computer.

1. How is Government Financials Different Than the Private Sector? Read more >

Posted in Accounting Basics, City Clerk Cafe, Government Accounting Standards, Small Cities | Tagged , , , | Comments Off on Five Questions About Govt Accounting You Need To Know, But May Not Ask

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