In this way, cash-based accounting can hide the real cost of programs and projects. The costs of projects are not recorded within a current budget year because payments are delayed to future budget years. Illinois follows a cash-based accounting system during budget preparation. Best practices
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The ascendance of digital and internet-based technology has irreversibly changed the landscape for businesses in all industries. Accounting and other professional services are no different in their exposure to the shifting landscape that technology has presented. And with accelerated advances in
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On Tuesday, the city council moved to correct an accounting error that resulted in a $5.5 million over-apportionment into the University North Park TIF fund. The error was identified in October. It prompted independent analysis, which was performed by the firm Arledge & Associates and submitted to the
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Greece ranks as the joint-fifth most miserable economy in 2018, according to the forecasts made in Bloomberg's Misery Index. The annual index examines inflation and unemployment outlooks for 66 economies. It ranks Greece joint-fifth with Turkey, with a âmiseryâ value of 20.6 points. Greece was the
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Egyptian officials have arrested a top Islamist who ran in the 2012 presidential race, the latest figure ensnared in the crackdown surrounding President Abdel-Fattah El-Sisi's re-election bid. Abdel-Moneim Aboul-Fotouh, the head of the Egypt Strong party, was arrested on orders issued by state security
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