Association Of Government Accountants


DEFINITION of 'Association Of Government Accountants'

An association of accountants that work for the U.S. Government or any governmental agency. The Association of Government Accountants works to further the interest of its members in various capacities, such as through publications such as the Government Accounting Journal. It also provides professional education and other resources as well as professional standards for governmental accounting competence.

BREAKING DOWN 'Association Of Government Accountants'

Founded in 1950, the Association of Government Accountants was originally named the Federal Government Accountants Association. They have offered the Certified Government Financial Manager credential since 1994, and over 14,000 accountants now carry this designation. Over 2,000 accountants attend the association's professional development conference each year.

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  1. Can working capital be depreciated?

    Working capital as current assets cannot be depreciated the way long-term, fixed assets are. In accounting, depreciation ... Read Full Answer >>
  2. Do working capital funds expire?

    While working capital funds do not expire, the working capital figure does change over time. This is because it is calculated ... Read Full Answer >>
  3. How much working capital does a small business need?

    The amount of working capital a small business needs to run smoothly depends largely on the type of business, its operating ... Read Full Answer >>
  4. What does high working capital say about a company's financial prospects?

    If a company has high working capital, it has more than enough liquid funds to meet its short-term obligations. Working capital, ... Read Full Answer >>
  5. How can working capital affect a company's finances?

    Working capital, or total current assets minus total current liabilities, can affect a company's longer-term investment effectiveness ... Read Full Answer >>
  6. What can working capital be used for?

    Working capital is used to cover all of a company's short-term expenses, including inventory, payments on short-term debt ... Read Full Answer >>

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