State any four feature of government accounting (2066,2064,2063,2061)BS

 

1. Budgetary Control: Government accounting emphasizes budgetary control, which involves ensuring that the government operates within its budget and that resources are allocated in accordance with the government's priorities and objectives.

2. Financial Reporting: Government accounting includes financial reporting, which involves preparing and presenting accurate and timely financial information to decision-makers and the public.

3. Fund Accounting: Government accounting uses fund accounting, which tracks financial resources by specific funds or revenue sources, rather than by general ledger accounts.

4. Compliance: Government accounting includes compliance, which involves ensuring that the government's financial activities comply with legal and regulatory requirements, and that public funds are used for their intended purposes.