... Internally, financial management produces informa-tion that is critical to the decisions legislators and administrators make on policy formula-tion. Externally, it produces information ... LegislativeConference System in New York State 393Robert W. SmithPART II FINANCIAL MANAGEMENTA. Accounting, Auditing, and Financial Reporting26. Cash Basis Financial Reporting for ... McCaffery School of Business and Public Policy, Naval Postgraduate School,Monterey, California, U.S.A.Jerome B. McKinney Graduate School of Public and International Affairs, Universityof...