The House brings impeachment charges against federal officials as part of its oversight and investigatory responsibilities. Individual Members of the House can introduce impeachment resolutions like ordinary bills, or the House could initiate proceedings by passing a resolution authorizing an inquiry.
Governmental accounting is an umbrella term which refers to the various accounting systems used by various public sector entities.In the United States, for instance, there are two levels of government which follow different accounting standards set forth by independent, private sector boards.At the federal level, the Federal Accounting Standards Advisory Board (FASAB) sets forth the accounting standards to follow.Similarly, there is the Governmental Accounting Standards Board (GASB) for state and local level government.he governmental accounting system has a different focus for measuring accounting than private sector accounting. Rather than measuring the flow of economic resources, governmental accounting measures the flow of financial resources.
Accounting is the art of recording, classifying and summarizing in a significant manner and in terms of money, transactions and events, which are, in part at least, of a financial character and interpreting the result thereof. According to the American Accounting Association [AAA]; Accounting refers to the process of identifying, measuring and communicating economic information to permit informed judgments and decisions by users of the information. According to Weygandt, Kieso and Kimmel; Accounting is an information system that identifies records and communicates the economic events of an organization to interested users. In the light of the above discussion and definitions of Accounting, a comprehensive and meaningful definition of Accounting can be given as such;