Maintaining the accounting-budget-financial reporting system

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In the city of Providence, typically which branch of the city level of government structure is responsible for managing the city’s expenditures within the budget and maintaining the accounting, budget, and financial reporting systems? What financial reports does a municipality need to prepare? What standards guide the preparation of municipal financial reports? Municipalities use modified accrual basis of accounting. How does this differ from accrual accounting?

Reference no: EM13776629

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