GAAP and the Federal Budget Deficit


The accounting topic of the season is income taxes.  But, as the nation contemplates what Congress could end up passing, I want to talk about how one under-the-radar amendment to financial accounting standards has been quietly adding to the federal budget deficit for two decades and counting. The amendment I speak of came into existence…
Did you miss our previous article…
https://www.digital-accountants.com/?p=227

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