Manual Of Accounting Reporting Business Procedure Of The City County Of Philadelphia

Author : John M. Walton
Publisher : Forgotten Books
ISBN 13 : 9781330103913
Total Pages : 80 pages
Book Rating : 4.1/5 (39 download)

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Download or read book Manual of Accounting, Reporting and Business Procedure of the City and County of Philadelphia written by John M. Walton and published by Forgotten Books. This book was released on 2015-06-16 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from Manual of Accounting, Reporting and Business Procedure of the City and County of Philadelphia: Effective January 1, 1914, Issued by the City Controller, in Conformity With Existing Laws and Ordinances The purpose of this manual is to prescribe a comprehensive and orderly method of accounting and reporting for the city and county of Philadelphia. It is designed to furnish, with respect to municipal business, the information regarded by bankers and business men as absolutely essential in the administration of private business. It is assumed that the interests of citizens are analogous to those of stockholders of private corporations; that public officials are trustees; and that the common interests of trustees and stockholders will best be promoted by a system of accounts and reports which reflects accurately all the important financial relations which affect those interests. There is nothing novel in the accounting system here prescribed. Its terms are in common use in the financial statements of private enterprises. Nor is it revolutionary in its attitude toward older systems of governmental and municipal accounting. Its function is rather to round out and complete the older systems, which confined themselves almost exclusively to appropriation, expenditure, cash and debt statements. In prescribing for the city and county of Philadelphia an accounting system showing assets and liabilities, revenues accrued and expenses incurred, appropriations and funds, my guiding purpose is to make available to Councils, the Mayor, the Controller, and to other administrative and executive officers, current reports showing financial condition, operative results and condition of funds similar to those which are commonly available to the administrative heads of well managed private enterprises. The activities of the city and county are diverse, including among its numerous functions farming, manufacturing, public service enterprises and the operation of hospitals and other institutions. I have had these conditions constantly in mind in preparing a system of accounting that would be practical in every way and that at the same time would be sufficiently comprehensive to tell currently a complete story of the financial transactions, work done, and results accomplished in every activity of the city and county government. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.