Implementation of New Accounting,,Standards of the United States Washington part3 pptx

Implementation of New Accounting,,Standards of the United States Washington _part3 pptx

... ACCOUNTING OFFICE REPORT IQ I . ‘i Comptroller General of the United States Washington, D.C. 20548 B-282041 The President The President of the Senate The Speaker of the House of Representatives ... statements and much of the related information in the 1998 Financial Report of ’ the United States Government, as’well as the underlying financial in- formation1 They also, affect the government’s ... properly reported. These problems significantly affect the determination of the full cost of the govern- merit’s current operations, the value of its assets, and the extent of its li- abilities....

Implementation of New Accounting,,Standards of the United States Washington _part1 potx

... Financial Report of the United States Government, formerly known as the Consolidated Financial Statements of the U.S. Government. The Administration initiated the development of this fmancial ... as well as parts of the Legislative and Judicial branches of the United States Government. The publication of this second annual fmancial report represents one component of the Clinton Administration’s ... improve the management and effr F iency of the United States Gove rnment. In 1994, the Administration supported the Xjovemment Management Reform%ct,,&hich mandated the issuance of these...

Implementation of New Accounting,,Standards of the United States Washington _part2 ppt

... Petroleum Reserve by the Department of E,nergy. Of these reve- nues; $16 1.5 billion are offset against : the gross cost of the related functions to arriveatthe function’s net cost. The US. Govefnment ... All other I, The President’s Budgk for fiscal A team of senior’managers from 1999 set as a goal an unqualified the OMB, the Treasury, and the The OMB, the Treasury, and the opinion on the ... since the March 1998 release add&sing obstaclds to achieving of the report on audit of the fiscal plans required by the President’s May 1997 financial statements of the U.S. the goal...

Implementation of New Accounting,,Standards of the United States Washington _part4 doc

... standards to reconcile their reported net costs to budget information, which could provide a basis for preparing the reconciliation in the 1998 Financial Report of the United States Government. ... entities,such as the Internal Revenue Service (IRS), the HHS’s Health Care Financing Administration, the Social Security Ad- ministration (SSA), the Department of State, and the Department of Vet- erans ... related to the Year 2000 readiness of the government as a whole and of a wide range of individual agencies. In addition, to help agencies mitigate their Year 2000 risk, we’.produced a series of guides...

Implementation of New Accounting,,Standards of the United States Washington _part5 pot

... controls over the cash receipts and disbursements processed by ,Treasury on behalf of the federal government. We provided the re- ,. sults of our work to the Treasury Office of Inspector General ... transactions that affect the net position. The main source of revenue /## sists of taxes and.bther.revenue .’ /$@J{ the Federal Government gener- The Statement ofNet Cost “Changes in accounting ... ther, as of the completion of our field work on March 19, 1999,’ 15 of the 24 CFO Act agencies had received audit opinions or disclaimers on their fiscal year 1998 financial statements. Of the 15...

Implementation of New Accounting,,Standards of the United States Washington _part6 ppt

... expenditures sum .of the present imated payments dur- m period. The contri- of the sum of the pres- estimated non-interest the p&i&l. The esti- qkred on the basis of tethad,regiu$qd.as ... 1867, the Government acquired land equal to 79.4 percent of the current acreage of the United States, spending a.total of $85.1 million. United States Gdvernment Stewardship Land as of September ... ployers and their employees provide The n,et book value of assets in the The Railroad Retirement Board the primary source of income for the Railroad Retirement Account, at Sep- (RRB) and the Social...

Implementation of New Accounting,,Standards of the United States Washington _part7 pot

... villages and other places that are not part of an ur- ban area. The majority of these loans mature in excess of 25 years and are secured by the property of the bor- rower. The Direct Student ... 1998. The primary source of these earnings is from interest earned on Federal debt securities held by FRBs. FRBs issue Federal Reserve notes, the circulating currency of the United States. These ... position in the In- Banks (FRBs) in exchange for cash. temational Monetary Fund (IMF) rep- The value of these certificates cannot resents an investment in the IMF. The exceed the value of the SDR...

Implementation of New Accounting,,Standards of the United States Washington _part8 doc

... reason, the fund is excluded from the Financial Report and the fund’s hold- ings of Federal debt are considered part of the Federal debt held by the public, rather than Federal debt held by the ... While it is likely that the United operations. The ultimate disposition of these matters is unknown. Based States, will have to pay some amount of damages on the claims, the ulti- on information ... by The Department of the Interior (In- the trust beneficiaries and are not terior) has responsibility for the assets held in trust on behalf of Ame& Federal assets. Therefore, these...

Implementation of New Accounting,,Standards of the United States Washington _part9 docx

... billion asset for the value of the fund’s investments. The remaining rmidentifed .difference is a net of $35.5 billion. Since some of the differences may be offset- ting, the gross difference ... travel between This function covers the costs of the United Statesand the rest of the National Science Foundation re- tural production are found under the “Agriculture” function. International ... E nergy The “Energy” subfunction in- cludes the cost of promoting an ade- quate supply and appropriate use of energy to serve the needs of the econ- omy. Energy (In billioys of ddllars)...

Implementation of New Accounting,,Standards of the United States Washington _part10 potx

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