Government Accounting
/ˈɡʌvərnmənt əˈkaʊntɪŋ/
Definitions
- (n.) The system and process by which government financial activities are recorded, reported, and audited to ensure legality, transparency, and accountability.
Government accounting requires strict adherence to budgetary controls and public fund management.
Forms
- government accounting
Related terms
See also
Commentary
Government accounting emphasizes compliance with statutory regulations and transparency to support public trust and proper use of public funds.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.