The accounting cycle is an eight-step process that accountants and business owners use to manage a company’s books. ... The federal government’s fiscal year spans 12 months, ...

An accounting cycle enables the financial accounting that businesses need to perform to be in compliance with federal regulations and tax codes.

Federal Grant Accounting Procedures. ... maintain careful records during the cycle of your grant and document all the programs and procedures you followed while using the grant money.

FASAB issues federal financial accounting standards and provides timely guidance. Practitioner responses to the request for information will support its efforts to identify, research and respond to ...