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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (389930)	6/9/2008 2:19:08 PM
From: Brumar89	Read Replies (1) \| Respond to of 1575608

Can you tell me what the payroll and benefits costs of the SSA are?

To: Road Walker who wrote (389930)	6/9/2008 3:33:17 PM
From: i-node	Respond to of 1575608

There's no serious accounting system for government. Of course there is. The problem is definitional. Government accounting is a totally different animal from standard double-entry accounting. The reason is historical; governmental accounting evolved from the need to not have accountability in the sense a business enterprise does. As an accounting student, within five minutes of entering my obligatory course in governmental accounting, we were told by our professor, "Take everything you have learned about accounting in the last three days and forget it." Governmental accounting was supposedly designed to provide accountability, but what it ended up having the opposite effect. It is my belief, and that of many other CPAs, that governmental accounting is backwards and that governments would be better off with standard double-entry.