“Accrual accounting for federal budgeting would provide - TopicsExpress

“Accrual accounting for federal budgeting would provide policymakers in Washington, DC with the structure to account for capital assets. Current cash basis budgeting unreasonably groups federal programs with military/infrastructure assets as similar expenses. However, military/infrastructure assets have a useful life, and accountants would claim that an entity could justifiably borrow against these assets.” – Joe

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**** Speech to Parliament by Prime Minister Hon. Peter O’Neill