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Accountant Terms


  > Blue Book
This is the term commonly used to describe the Government Finance Officers Association publication Governmental Accounting, Auditing and Financial Reporting. Initially, the blue book was the authoritative source for GAAP for state and local governments.
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  > Base Adjustment
Adjustments made to the initial base level budget to reflect total base level funding available to the agency. The list of acceptable base level technical and policy adjustments are included in the biennial budget instructions. Adjustments are generally made on a technical or policy basis. Examples of technical adjustments are one-time appropriations and program sunsets. Examples of policy adjustments are salary increases and space rental changes.
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  > Bad Debt
Money owed for a business debt that cannot be collected
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   Accountant News:

Office of the Chief Accountant Selects Two Professional Accounting Fellows


Washington, D.C., Mar. 30, 2006 — The Securities and Exchange Commission's Office of the Chief Accountant has selected two professional accounting fellows for two-year terms beginning in June 2006:


Sandie E. Kim, currently a senior manager in Deloitte & Touche LLP's National Office Accounting Consultation Group based in San Francisco, Calif.; and


Josh K. Jones, currently a senior manager in Ernst & Young LLP's Atlanta, Ga., practice office.

Ms. Kim and Mr. Jones will join the current professional accounting fellows — Joseph D. McGrath, Michael G. Gaynor, Timothy S. Kviz, and Joseph B. Ucuzoglu. Outgoing professional accounting fellows are Shan L. Benedict, Jennifer M. Burns, Mark A. Northan, Brian K. Roberson, and Pamela R. Schlosser.

At the Commission, the newly selected professional accounting fellows will be involved in the study and development of rule proposals under the federal securities laws, liaison with the professional accounting and auditing standards-setting bodies, and consultation with registrants on accounting and reporting matters.

"Sandie and Josh were selected in a highly competitive process and bring valuable experiences and skills to our office. These individuals will be instrumental members of our team as we work to accomplish our mission of protecting investors. I would also like to express my thanks to the outgoing professional accounting fellows for their outstanding efforts during the past two years," said Scott A. Taub, Acting Chief Accountant.

Contact our South Dakota Accountants


If you live in the following cities and need an accountant, you should contact our South Dakota Accountants as soon as possible:

  • Aberdeen
  • Brookings
  • Huron
  • Mitchell
  • Pierre
  • Rapid City
  • Sioux Falls
  • Spearfish
  • Vermillion
  • Watertown
  • Yankton
       
 
Did You Know?    
 
 
You want to hire an accountant that practices GAAP.
Generally accepted accounting principles (GAAP) are the accounting rules used to prepare financial statements for publicly traded companies and many private companies in the United States.

 
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Latest News
  Latest accountant news in South Dakota and nationwide:

Jun 28, 2006 - International Accounting Standards Committee
International Accounting Standards Committee

The Trustees of the International Accounting Standar...

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Apr 27, 2006 - Office of the Chief Accountant Selects Two Professional Accounting Fellows
Washington, D.C., Mar. 30, 2006 — The Securities and Exchange Commission's Office of the Chief Accountant has selecte...
Read more >


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