Examples of Governmental accounting in the following topics:
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- Governmental and nonprofit accounting follow different rules from those of commercial enterprises.
- Governmental accounting is an umbrella term which refers to the various accounting systems used by various public sector entities.
- There is an important difference between private sector accounting and governmental accounting.
- The governmental accounting system has a different focus for measuring accounting than private sector accounting.
- Governmental and Nonprofit accounting follow different rules to those of commercial enterprises.
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- Accounts receivable days and an aging schedule are the most common monitor tools used.
- The accounts receivable days is the average number of days that it takes a firm to collect on its sales.
- Therefore, management can potentially manipulate accounts receivable days to hide important information.
- It can be constructed in one of two ways: using the number of accounts or using the dollar amount of the outstanding accounts receivable.
- This is an insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivables from loss due to credit risks like protracted default, insolvency, or bankruptcy.
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- Socially responsible trends include corporate citizenship policies, social investing, sustainable accounting & social entrepreneurship.
- Sustainability accounting has increased in popularity over the past few decades.
- As a result of this action, stakeholders, suppliers, and governmental institutions have a better understanding of how companies manage their resources to achieve sustainable development.
- Sustainability accounting connects a company's strategies to a sustainable framework by disclosing three dimensions of information: environmental, economic, and social.
- Today, non-profits, non-governmental organizations, foundations, governments, and individuals play a role in promoting, funding, and advising social entrepreneurs around the world.
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- The main accounts which affect the value of working capital are accounts receivable, inventory, and accounts payable.
- Working capital (WC) is a financial metric which represents operating liquidity available to a business, organization, or other entity - including a governmental entity.
- Current assets and current liabilities include three accounts which are of special importance.
- As an example, imagine a company has accounts receivable of $10,000, current inventory that has a value of $5,000, and accounts payable of $7,000.
- Working capital is equal to accounts receivable, plus current inventory, minus accounts payable.
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- Please define the following terms: current account, trade balance, financial account, and official settlement balance.
- Why does a statistical discrepancy occur in the balance-of-payments accounts?
- Many foreign investors are worried over the U.S. government's large trillion-dollar deficits, and the U.S. economy is plagued by massive trade deficits.
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- Working capital (WC) is a financial metric which represents operating liquidity available to a business, organization, or other entity, including governmental entity.
- Current assets (CA) is an accounting term that refers to assets that can easily be turned into cash.
- For example, cash is a current asset, but so are most accounts receivable.
- Suppose that a company has current assets of $100: $20 of cash and $80 of accounts receivable.
- One of their accounts payable comes due tomorrow, so the company owes $40.
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- Many governments provide legal definitions of race for purposes of census-taking and calculating budgets for governmental programs.
- Many governments provide legal definitions of race for purposes of census-taking and calculating budgets for governmental programs such as those that promote equal opportunity employment.
- OMB defines the concept of race as outlined for the U.S. census as not "scientific or anthropological" and takes into account "social and cultural characteristics as well as ancestry", using "appropriate scientific methodologies" that are not "primarily biological or genetic in reference. " The race categories include both racial and national-origin groups .
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- Examples of bootstrapping include: Owner financing, sweat equity, minimization of the accounts receivable, joint utilization, delaying payment, minimizing inventory, subsidy finance, and personal debt.
- Examples of Bootstrapping: Owner financing Sweat equity Minimization of the accounts receivable Joint utilization Delaying payment Minimizing inventory Subsidy finance Personal Debt
- Some of these sources provide not only funds, but also financial oversight, accountability for carrying out tasks and meeting milestones, and in some cases, business contacts and experience.
- A non-governmental organization (NGO) is a legally constituted organization created by natural or egal persons that operates independently from any form of government.
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- Working capital (abbreviated WC) is a financial metric which represents operating liquidity available to a business, organization or other entity, including a governmental entity.
- Current assets and current liabilities include three accounts which are of special importance.
- These accounts represent the areas of the business where managers have the most direct impact: accounts receivable (current asset), inventories (current assets), and accounts payable (current liability).
- The management of working capital involves managing inventories, accounts receivable and payable, and cash.
- The management of working capital involves managing inventories, accounts receivable and payable, and cash.
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- Increasing productivity is a rare win-win, improving the standard of living from a governmental, commercial and consumer perspective.
- Note that demand does not come into account in altering the production function or overall productivity potential.