Federal Accounting Corner Archives

By: Simcha Kuritzky, CGFM CPA

• Cost of Goods Sold
   

• Financial Data Conversion
   
• Cumulative Accounts
   
• Advances, Cash and Budgetary Accounts
   
• When Zero Doesn’t Mean Nothing
   

• Recording Receivables
   

• A Graphic Comparison of Proprietary and Budgetary Accounts
   
• Debt and Credit Activity
   

• Positive and Negative Versus Debit and Credit
   

• Anticipating Recoveries
   
• Prior-Year Adjustments in FACTS II
   

• Proposed New Custodial Revenue SGL Accounts
   

• Linking Available Authority Account Balances to the Budget
   

• The New SGL Account Format 
   

• Navigating the Transaction Jungle—Appropriation-Type Activity
   
• Imprest Fund and Cash Reconciliation: New Guidance
   
• Decoding the Statement of Custodial Activity
   
• Automating Allowance for Doubtful Accounts
   

• Linking Available Authority Account Balances to the Budget
   

• Revenue and the Statement of Financing
   

• Parsimonious Accounting Codes
   

• Charts of Accounts from Around the World
   

• Appropriated Earmarked Receipts
   
• Reporting Cancellations
   

• Integrating the General Ledger
   

• Recording Continuing Resolutions – an Update
   
• Budgeting without Budgetary Accounts
   
• Reporting Allowance for Loss on Accounts Receivable
   
• Pro-Forma Transaction Formats
   

• Billing for Reimbursable Advances
   

• Prior Period Adjustments
   
• Two Types of Budgetary Accounts
   
• Accounting Terminology
   
• Reimbursement Surpluses and Shortfalls
   
• When are an Accounting System's Pro Forma Transactions Compliant with the Standard General Ledger (SGL)?
   
• How Can One be in Two Places at Once (when one's really on the SBR)?
   
• Accounting for Accounting Model Changes
   
• Lies, Damn Lies, and Statistics
   
• Writing Off Public Expenditure Receivables and Advances
   
• Authority: Obligation or Empowerment?
   
• Appropriation Corrections in the Journal and on the SF-224 (Part II)
   
• Appropriation Corrections in the Journal and on the SF-224 (Part I)
   
• Navigating the Transaction Jungle—Paid Expenditures
   
• Navigating the Transaction Jungle—Unpaid Expenditures
   
• Upward and Downward Adjustments Inflation
   
• Correcting Reimbursement Activity
   
• Posting Model for Prepayments
   
• Rewriting History? Part II--Data Model Changes
   
• Rewriting History? Part I--Accounting Model Changes
   
• One Transaction, Two Vendors
   
• Writing Off Bad Debts Related to Revenue
   
• Eliminations
   
• What are Prepayments?
   
• Linking Expenses and Expenditures
   
• Receipts Versus Collections Versus Deposits
   
• Linking Equity with Budgetary Account Balances