Ashford University Budgetary Accounting Questions
I’m working on a accounting question and need guidance to help me learn.
Governmental accounting gives substantial recognition to budgets, with budgets being recorded in the accounts of the governmental unit.
- What is meant by budgetary accounting?
- What is the purpose of a governmental accounting system?
- Why is the budget recorded in the accounts of a governmental unit?
- Explain the purpose and significance of appropriations.
- Describe when and how a governmental unit
- records its budget, and
- closes out the budgetary accounts.
