The Chartered Institute of Public Finance and Accountancy (CIPFA) is a professional association founded in 1885, primarily serving public-sector accounting professionals. CIPFA provides training, qualifications, and a community for those involved in public finance and accountancy.
The Comprehensive Annual Financial Report (CAFR) is the official annual report of a government entity in the United States. It provides detailed financial statements and analysis of a government's financial health.
The Governmental Accounting Standards Board (GASB) is an independent, private-sector organization that sets accounting and financial reporting standards for U.S. state and local governments.
International Public Sector Accounting Standard (IPSAS) sets forth accounting principles specifically tailored to the public sector, ensuring reliable and transparent financial reporting globally.
An independent organization, operating under the auspices of the International Federation of Accountants (IFAC), that aims to enhance the quality and transparency of public sector financial reporting worldwide. The Board issues International Public Sector Accounting Standards (IPSAS) that place a particularly strong emphasis on the accruals concept.
The International Public Sector Accounting Standards Board (IPSASB) is a global standard-setting body responsible for developing and promoting the adoption of International Public Sector Accounting Standards (IPSAS) to enhance the quality and transparency of public sector financial reporting.
A Public Finance Accountant is a specialized professional in the field of accounting who focuses on preparing financial accounts and acting as management accountants for government agencies, local authorities, nationalized industries, and other publicly owned bodies.
Service potential refers to the extent to which an asset helps an entity achieve its objectives, especially in non-cash generating contexts. This term is commonly used in the public sector and not-for-profit organizations.
