Tag Archives: Fund accounting

Accounting Terms Defined (O – Z)

Accounting starts with A, B, C’s and 1, 2, 3’s.  We gave you the A, B, C’s–actually the A thru N’s–of government accounting terms last week, so this week we will finish off with O – Z’s.  So enjoy the quick brush-up on your accounting vocab, and as before, for a full list of accounting terms, don’t forget to check out the Accounting Glossary.

O -Operating Budget: A plan of current expenditures and the proposed means of financing them. The operating budget is the primary means to ensuring that the financing, acquisition, spending, and service delivery activities of the state are controlled. Read more >

Posted in Accounting Basics, Best Practices, BMS Products, Government Accounting Standards, School Software, Small Cities, Uncategorized | Tagged , , , | 1 Comment

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