principles and procedures in accounting for federal, state, and local governmental units. The National Council on Governmental Accounting establishes rules. There is also a governmental group in the fasb. Unlike commercial accounting for corporations, encumbrances and budgets are recorded in the accounts. Assets of a governmental unit are restricted for designated purposes.
principles and procedures in accounting for federal, state, and local governmental units. The National Council on Governmental Accounting establishes rules. There is also a governmental group in the FASB. Unlike commercial accounting for corporations, encumbrances and budgets are recorded in the accounts. Assets of a governmental unit are restricted for designated purposes.
