When the Governmental Accounting Standards Board issued Statement 34, requiring government-wide accrual accounting and modified accrual accounting for governmental funds, it improved financial ...

Financial statements provide nonprofits, their donors, grantors, lenders and constituents with detailed data on the nonprofits' financial stability and health. These statements also indicate how well ...

The Governmental Accounting Standards Board decided Tuesday to add a project to its technical agenda to re-examine the financial reporting model for state and local governments. The project aims to ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Suzanne is a content marketer, writer, ...

Fund-based accounting, or fund accounting, is a system used by nonprofit organizations and government agencies to manage their money. Fund accounting differs in purpose from the system used in regular ...

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

In the U.S., there are accounting standards known as Generally Accepted Accounting Principles (GAAP). They are the accounting standards used for all businesses in this country and provide principles ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Charlene Rhinehart is a CPA , CFE, chair of ...

Washington County received a clean bill of financial health Tuesday, as commissioners formally accepted the Annual Comprehensive Financial Report for the year that ended Dec. 31, 2024.