Question
Under pressure to balance their budgets, governments at all levels have resorted to fiscal gimmicks, such as delaying the wages and salaries of government employees
Under pressure to balance their budgets, governments at all levels have resorted to fiscal gimmicks, such as delaying the wages and salaries of government employees from the last day of the month to the first day of the following month. As a result of this change, the employees had one fewer pay period for the year. How would this sort of change affect the reported expenditures of a governmental fund under GAAP? In your opinion, should GASB address this issue? Why or why not? Be sure to respond to at least one of your classmates posts. Do you agree with your classmates perspectives? Why or why not?
**ORIGINAL POSTS WILL GET UPVOTED!! THANK YOU!!!!
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