RECENT DEVELOPMENTS IN GOVERNMENTAL AND INSTITUTIONAL ACCOUNTING.
Governmental Accounting is that type which deals with the recording and reporting of transactions for political units, such as municipalities, states and the federal government. The article presents recent attempts in governmental and institutional accounting. These are presented to show that there has been some practical improvement. A recent action has been the study and preparation of a system of uniform financial reports for universities and colleges. Dishonesty and inefficiency cannot exist for long when public opinion is adverse to it and when proper education shows a better and more efficient method. It is frequently held that improvements in all governmental procedures, including accounting, are retarded through the fact that elected officers have a short term of office and therefore, are not interested in exerting themselves for the betterment of procedures. The whole subject of governmental accounting is based upon the transactions of governmental and institutional units and their proper segregation into funds.
- DOI
- 10.2308/tar-7064846
- Volume
- 8 (2)
- Pages
- 122-127
- Language
- en
- Export
- BibTeX
- Sources
- openalex crossref