Intergovermental Financial Dependency: Why It Matters  

Oleh:

Mazur, Edward ; Montoro, John

Jenis: Article from Bulletin/Magazine
Dalam koleksi: Journal of Accountancy vol. 212 no. 4 (Oct. 2011), page 48-55.
Topik: Public Finance; Advantages; Financial Reporting; Interdependence; Intergovernmental Relations; Financial Statements
Fulltext: Intergovernmental Financial Dependency.pdf (72.49KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.31 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

Current economic conditions increase risk and uncertainty not only across all private industries, but also in the public sector. AICPA Statement of Position 94-6, Disclosure of Certain Significant Risks and Uncertainties, and FASB Accounting Standards Codification Topic 275, Risks and Uncertainties, require certain disclosures about risks and uncertainties relating to the nature of operations, the use and significance of estimates in financial statements and the vulnerability of financial statements to certain concentrations. With access to relevant, timely and comparable information on intergovernmental financial dependency, elected leaders of state and local governments will be able to plan in advance for enacted and anticipated shifts in federal funding; proactively address the concerns of rating agencies over potential impacts on fiscal capacity due to the risks of changes in direct and indirect intergovernmental flows; communicate to residents and bondholders with greater transparency; and contribute shared leadership to effectively resolving the deficit spending and debt level problems of the federal government.

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