What is ussgl?
The United States Standard General Ledger (USSGL) provides a uniform chart of accounts and technical guidance for standardizing federal agency accounting.
Who maintains Ussgl?
Bureau of the Fiscal Service
Bureau of the Fiscal Service is responsible for recruiting and maintaining agency support for the Board and the IRC. In addition, Bureau of the Fiscal Service maintains the USSGL TFM Supplement, assists in the identification and resolution of issues, and requirements affecting the USSGL TFM Supplement.
WHO publishes the US standard general ledger?
the Treasury Financial Management Service
The Chart of Accounts identifies and defines budgetary, proprietary and memorandum accounts to be used in federal agency accounting systems. At a minimum, the USSGL is updated annually and is published by the Treasury Financial Management Service (Treasury/FMS) on its website at: http://www.fms.treas.gov/ussgl. 070302.
How many parts does the Ussgl contain?
provides that the USSGL is composed of five major sections: (1) Chart of Accounts, (2) Account Descriptions, (3) Accounting Transactions, (4) USSGL Attributes, and (5) Crosswalks to Standard External Reports.
What is budget crosswalk?
The concept of a program crosswalk was developed to provide a basis for translating object-of-expenditure budget data into program terms. Primary cost data are regrouped from the more traditional budget format into program and subprograms.
How many digits are in SGL codes?
The SGL uses a four-digit account numbering system.
What is the difference between budgetary and proprietary accounting?
Proprietary – traditional accounting classifications (assets, liabilities, revenues and expenses) Budgetary – accounts to track resources and execution of federal funds.
What is a treasury symbol?
TAS
A Treasury Account Symbol (TAS) is an identification code assigned by the Department of the Treasury (Treasury), in collaboration with the Office of Management and Budget (OMB) and the owner agency, to an individual appropriation, receipt, or other fund account.
What is the difference between appropriation and apportionment?
An apportioned amount may be further subdivided by an agency into allotments, suballotments, and allocations. Appropriation means a provision of law (not necessarily in an appropriations act) authorizing the expenditure of funds for a given purpose.
What is the purpose of a program budget?
Programme budgeting, developed by U.S. president Lyndon Johnson, is the budgeting system that, contrary to conventional budgeting, describes and gives the detailed costs of every activity or program that is to be carried out with a given budget.
How is a chart of accounts organized?
The chart is used by the accounting software to aggregate information into an entity’s financial statements. The chart is usually sorted in order by account number, to ease the task of locating specific accounts. The accounts are usually numeric, but can also be alphabetic or alphanumeric.