All government entities are required to keep precise financial accounting records. As part of the record-keeping process, most government entities adopt the Generally Accepted Accounting Principles.

Would-be entrepreneurs and business owners are faced with innumerable decisions when starting a business. One of the most important of these is which basis of accounting to use to record transactions ...

Alexandra Twin has 15+ years of experience as an editor and writer, covering financial news for public and private companies. Investopedia / Jake Shi The actuarial basis of accounting ensures company ...