Why proposed change in government accounting won't work

Article Abstract:

Proposed modifications to government accounting will not be universally implemented due to the fact that government funds are accounted for on a modified accrual basis, closer to the cash basis of accounting than the accrual basis of accounting used by private industry. The Government Accounting Standards Boards' exposure draft, Measurement Focus and Basis of Accounting - Government Funds, proposed that governmental accounting be brought into line with private industry accounting. The adoption of these proposed changes will not be widespread due to: the acceptance and longevity of current accounting standards; differences in the reasons for government funds accounting; the lack of profit motivation in government organizations; and political opposition.

Laws, regulations and rules, Accounting and auditing, Public finance, Government accounting, Governmental Accounting Standards Board

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Why errors occur in accounting systems

Article Abstract:

Accounting systems should be designed to reduce the frequency of data entry errors, and to make it easier to find and correct mistakes that do occur. The systems should be designed with the needs, capabilities, and limitations of the operators in mind. System effectiveness refers to using the most appropriate tool for the job. System efficiency refers to making the best use of available resources. Good code and form design are a prime concern in preventing errors.

Accounting, Quality management, Input devices (Computers), Computer input design

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