MUNICIPAL AIRPORT ACCOUNTING.
Municipal Airports are more and more taking on the characteristics of business enterprises. As business ventures, municipal airports naturally strive to be self-supporting, a condition they can achieve only by meeting their costs and expenses from charges made for their commodities. This development places a new importance on the accounting program of the municipal airport. To achieve a condition of self-support requires, among other things, a complete, accurate knowledge of the financial activities and condition of the airport. Only through the operation of a businesslike accounting program is it possible to obtain this information. The municipal airport, with few exceptions, is classified as a function of the general fund. In this capacity its accounting has developed along lines required in general fund accounting, whose objective is to record what information is necessary for budgetary purposes. This type of accounting is concerned primarily with the cash activities of the various functions of the General Fund in relation to their budgetary requirements.
- DOI
- 10.2308/tar-7055352
- Volume
- 23 (1)
- Pages
- 86-90
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref