Accounting Accrual
what is the point of modified accrual accounting?
why even use it for government accounting? what’s wrong with using regular accrual accounting?
There are allot of modifications in government accounting that don’t make much sense when you look at it from the outside. I think the only reason they don’t use regular accrual accounting is that it would take away allot of the tools which they use to balance their budgets and give the impression that things are fiscally ok.
WST: 1.2 Accounting – Accrual Concept & Matching Principle
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