Once you receive a federal grant from any agency, you can expect to fill out a slew of documents, maintain careful records during the cycle of your grant and document all the programs and procedures ...

In an effort to bring attention to the federal government and its miscalculated budget, this week the Chicago think tank Truth in Accounting (TIA) will be releasing its federal project. Over the past ...

A new technical release issued by the Accounting and Auditing Policy Committee (AAPC) of the Federal Accounting Standards Advisory Board (FASAB) on Monday provides guidance to federal government ...

Ten years after Congress ordered federal agencies to have outside auditors review their books, neither the Defense Department nor the newer Department of Homeland Security has met even basic ...

The Federal Accounting Standards Advisory Board (FASAB) proposed to change lease accounting for federal government entities. The proposal would include a comprehensive set of lease accounting ...

Elon Musk of the Department of Government Efficiency has sought to find $1 trillion or $2 trillion to cut from the federal budget. That is a noble target, but neither Mr. Musk nor anyone in the ...

A basic principle of accounting is that net operating losses are subtracted from retained earnings and thus from capital. If the losses are big enough, capital goes negative, your liabilities exceed ...

When Noemi Contreras-Woods started searching for a master’s program that would deepen her understanding of finance and help her to acquire more knowledge, she was struck by the comprehensive ...

If you’ve just joined government with the Trump administration, welcome to the chief financial officers community. No need to worry if your knowledge of accounting is limited. Some of the most ...

As Congress again considers preventing the interest rate on federal student loans from doubling, the cost to taxpayers should be a central issue. However, the federal government’s accounting practices ...

The Heritage Foundation has conducted two separate studies that both reach the same conclusion: Federal employees are paid substantially more than comparably skilled private sector workers. Defenders ...