Tag: RL33825

Financial Statements (CongressionalGlossary.com)

Financial Statements (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms Financial Statements photo credit: Metro Centric A document that describes an entity’s financial activity and status for a specified period. Under federal law and applicable accounting standards, the financial statements for a federal agency usually include a balance sheet, statement of net cost, statement of […]

Standard General Ledger (SGL) Chart of Accounts (CongressionalGlossary.com)

Standard General Ledger (SGL) Chart of Accounts (CongressionalGlossary.com)

From the Congressional Glossary – Including Legislative and Budget Terms photo credit: TimothyJ A chart of accounts (and technical guidance) established to support the consistent recording of financial events as well as the preparation of standard external reports required by the Office of Management and Budget (OMB) and the Department of the Treasury. Agencies are […]