Financial Accounting and Reporting
- Topics:
- Decision Analysis
- Tags:
- Accounting,
- Finance,
- Financial,
- Financial Accounting,
- Financial Services,
- Operational Accounting,
- Texas Education Agency
- Source:
- Texas Education Agency
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Overview: The article is about the basic concept that include overall area of financial as well as managerial accounting. It explains from the core concept of accounting definition. The purpose of financial accounting and reporting by state and local governmental entities is to accumulate and provide information to facilitate decision making by various user groups. Certain requirements have been established requiring school districts to maintain proper budgeting and financial accounting and reporting systems. In addition, principles and policies to ensure uniformity in accounting have been developed. Specifically, the following financial accounting and reporting topics are: · GAAP and legal compliance · Legal requirements · Accounting principles and policies · Fund accounting · Basis of accounting · Encumbrance accounting · Interfund transactions · Accounting changes · Hierarchy of GAAP for state and local governments · GASB statement summaries
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Format: HTML | Date: Jan 2003 | Pages: 1
