Applying policies, proper implementation, and continuous monitoring. Typically done through or by an organization’s governing body. Accountability, balance of power, and improving the worth and continuance of the firm are the mechanisms of governing. Also refer to corporate governance.
An example is the Federal Depository Insurance Corporation (FDIC). It is chartered by the federal government to supply public financial services. Typically, a private enterprise corporation.
Company-designated classification for the highest payroll amount.
Government asset worth exceeding the worth of its liabilities.
1. The regulation, restraint, supervision, or control which is exercised upon the individual members of an organized jural society by those investedwith the supreme political authority, for the good and welfare of the body politic; or the act of exercising supreme political power or control.2. The system of polity in a state; that form of fundamental rules and principles bywhich a nation or state is governed, or by which individual members of a body politicare to regulate their social actions; a constitution, either written or unwritten, by whichthe rights and duties of citizens and public officers are prescribed and defined, as amonarchical government, a republican government, etc. Webster.3. An empire, kingdom, state or independent political community; as in the phrase,”Compacts between independent governments.”4. The sovereign or supreme power in a state or nation.5. The machinery by which the sovereign power in a state expresses its will andexercises its functions; or the framework of political institutions, departments, andoffices, by means of which the executive, judicial, legislative, and administrativebusiness of the state Is carried on.6. The whole class or body of office-holders or functionaries considered in theaggregate, upon whom devolves the executive, judicial, legislative, and administrativebusiness of the state.7. In a colloquial sense, the United States or its representatives, considered as theprosecutor in a criminal action ; as in the phrase, “the government objects to the witness.”
Government-generated organization that is like an NGO; typically established to publicize issues the government wants noticed. Not a traditional NGO.
Non-commercial accounting. Assets are constrained to legal purposes. Accounts partition into budgets and encumbrances. Called public finance accounting in the UK.
(Federal, state or local) government asset. Typically gained by purchase, foreclosure or tax default. The asset is property held by a government agency.
A private sector entity. Accountable for setting, improving, monitoring US local and state government financial reporting and standardized accounting practices. This activity improves the understanding and use of state and local governments’ financial records. Contributions, municipal bonds assessment fees, and publications sales fund this entity.
Public sector retirement and insurance plans actuarial consulting services. A UK public service position.