PRINCIPLES OF MUNICIPAL ACCOUNTING.
Abstract The National Committee on Municipal Accounting is a joint committee of representatives of the leading national associations of professional accountants, public officials and citizens groups. The representative of each association in the joint committee is the chairman of an advisory committee set up in each association. The general purpose of the committee is to formulate principles of municipal accounting, to develop standard classifications and terminology for municipal reports, to outline the principles and procedure relating to municipal audits and to promote the recognition and use of these standards. A preliminary outline of the general principles of municipal accounting has been prepared by the committee as a tentative basis for the development of classifications and procedure. According to accounts should be centralized under the direction of one officer, who should be made responsible for keeping or supervising the keeping of all financial records and preparing all financial reports. Although this is not strictly an accounting principle, it is nevertheless an essential feature of organization necessary to secure good accounting. At present many officers and departments in a municipality keep accounts and issue reports.
- DOI
- 10.2308/tar-7153397
- Volume
- 9 (4)
- Pages
- 319-325
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref