Accounting procedures (31 - 40 of 54 items)
Budget Issues: Financial Reporting to Better Support Decision-making
AFMD-93-22: Published: Jun 1, 1993. Publicly Released: Jun 1, 1993.
GAO studied the Department of Veterans Affairs' (VA) use of financial audit reports and accounting data in its budgeting process.GAO found that: (1) agencies are responsible for ensuring that funds are obligated as specified by funding legislation; (2) financial audit reports can provide useful information in budget policy decisions, since agencies report costs on an accrual basis which provides e...
Seized/Forfeited Asset System Requirements
FFMSR-4: Published: Mar 1, 1993. Publicly Released: Mar 1, 1993.
GAO presented information on the functional requirements federal agencies should use so that they can improve and expand their strategic planning and core seized/forfeited asset management systems...
Banks and Thrifts: Safety and Soundness Reforms Need to Be Maintained
T-GGD-93-3: Published: Jan 27, 1993. Publicly Released: Jan 27, 1993.
GAO discussed the condition of the banking and thrift industries, focusing on: (1) the safety and soundness provisions of the Federal Deposit Insurance Corporation Improvement Act of 1991 (FDICIA); (2) the condition of the banking and thrift industries' insurance funds; (3) the volume of bank lending; and (4) congressional oversight. GAO noted that: (1) FDICIA requires that banks operate in a safe...
AFMD-92-64R: Published: May 18, 1992. Publicly Released: May 18, 1992.
GAO commented on the Office of Management and Budget's (OMB) Circular A-11. GAO noted that several of its ongoing projects could have a bearing on future budget preparation issues addressed in the circular, including projects that: (1) assess the potential value of accrual accounting or cost-based budgeting concepts in budget preparation; (2) re-examine the investment implications of federal progr...
AFMD-92-49R: Published: Feb 28, 1992. Publicly Released: Feb 28, 1992.
In response to a congressional request, GAO reviewed the Administration's proposed accrual budget treatment of deposit insurance and pension guarantees. GAO believes that: (1) the current, cash-based budget treatment of deposit insurance and pension guarantees does not disclose the true costs of those programs; (2) although the concept of reporting accruals in the budget is sound and could result...
Market Value Accounting: Debt Investment Securities Held by Banks
AFMD-92-10: Published: Dec 23, 1991. Publicly Released: Feb 3, 1992.
Pursuant to a congressional request, GAO provided information on the effect that market-value accounting could have on banks' financial statements, focusing on the: (1) composition of bank investment security holdings and their significance in relation to total bank assets; (2) impact of fluctuating interest rates on the market values of bank debt investment security portfolios; and (3) maximum po...
Continuing Professional Education: Federal GS-510 Accountants' Report
143680: Dec 1, 1990
GAO provided information on the Joint Financial Management Improvement Program's (JFMIP) project on continuing professional education for federal accountants, focusing on the development of statements defining federal accountants' major functions in such areas as: (1) technical guidance; (2) internal control; (3) financial analysis and reporting; (4) system development, operation, and maintenance;...
The U.S. Mint's Accounting and Control Problems Need Management Attention
T-AFMD-89-12: Published: Aug 1, 1989. Publicly Released: Aug 1, 1989.
GAO discussed the Bureau of the Mint's accounting and internal control procedures relating to numismatic programs. GAO found that the: (1) Mint did not always comply with requirements to receive full payment before shipping coins to customers, but the instances of noncompliance were insignificant compared to the total number of coins shipped; (2) Mint had weak control procedures for die shipments...
Budget Issues: State Practices for Financing Capital Projects
AFMD-89-64: Published: Jul 1, 1989. Publicly Released: Jul 1, 1989.
GAO reviewed state practices for budgeting and financing capital projects, focusing on the: (1) criteria states used to define capital assets; (2) methods states used to finance capital assets; and (3) extent to which states linked borrowing maturities to the useful life of capital assets.GAO found that: (1) most of the nine states reviewed had developed strict criteria for determining what consti...
The Export-Import Bank of the U.S.: Financial Condition and Budget Issues
T-AFMD-87-15: Published: May 21, 1987. Publicly Released: May 21, 1987.
GAO discussed issues relating to the financial condition of the Export-Import Bank of the United States (Eximbank). GAO has expressed an adverse opinion on the Eximbank annual financial statements every year since 1983, because it believes that the statements do not reflect losses that are likely to occur because of the probable uncollectibility of a significant number of loans. GAO noted that: (1...