Government Accounting

Title: Government Accounting
Category: Literature / English | Words: 245 | Pages: 1.0 (approximately 235 words/page)

Government Accounting

The article “Practical Issues in Avoiding Pitfalls in Managerial Costing” by Dale Geiger deals with a theory of managerial cost accounting by evaluating costs in three areas: usefulness, truthfulness, and affordability. Many people feel that by hiring a good contractor and using top-notch activity-based cost accounting software will automatically result in more efficient and effective cost management. Too bad this isn’t reality. The author feels by examining costs, the governmental entity can arrive at …showed first 75 words of 245 total…

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…showed last 75 words of 245 total…costs accurately. I feel the article does a good job in recognizing a need to improve governmental costing systems. The author’s theory of evaluating the three potential pitfalls: usefulness, truthfulness, and affordability, is a different way of gathering the information. Although different, the idea seems very practical in assessing the costs of government. By meeting the three areas, the costs can be captured and measured, to give a clearer picture of the costing spectrum.

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