Explain the "Dual-Track" Accounting System Used by Federal Agencies and Why

question 8

Essay

Explain the "dual-track" accounting system used by federal agencies and why it is needed.

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Definitions:

Stakeholders

Individuals or groups with an interest or stake in the outcome of a project, business, or initiative, such as employees, customers, investors, and suppliers.

Sustainability

The ability to maintain various systems and processes—environmental, social, and economic—in a way that ensures long-term health and viability.

Influence

The capacity or ability to have an effect on the character, development, or behavior of someone or something.

Legal Regulations

Rules and guidelines issued by government bodies that must be followed by individuals, organizations, and businesses.