Budgetary Accounting
Legal Budget Control
Governments adopt legally approved budgets to control spending and ensure accountability. Budgetary accounting compares actual financial performance with authorized budgets.
- Estimated revenues.
- Appropriations.
- Budgetary control.
- Variance analysis.
Note
Budgetary accounting is unique to governmental accounting and is frequently tested.
Summary
Budgetary accounting ensures governments spend public resources within authorized limits.