Budgeting and Accounting: Making the Connection

Budgeting and Accounting: Making the Connection

Phil Davidson

ASMC PDI | June 2017

Overview

? Identify the connections between budgeting and accounting

? Recognize budget and accounting terminology ? Track budgetary and proprietary accounting

transactions through the budget execution process ? Identify the U.S. Government Standard General Ledger

account structure ? Relate budget obligations to DOD assets, liabilities, and

expenses ? Identify unfunded budget requirements from accounting

reports ? Improve budget estimating with accounting information

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Making the Connection

Connections (or links) between budgeting and accounting are called out by this image:

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Federal Budget Process

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What Is a Budget?

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