Identify the budgetary accounts used in federal agency accounting and explain the sequential flow of budgetary authority through the accounts in your own words.

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Q. Identify the budgetary accounts used in federal agency accounting and explain the 
sequential flow of budgetary authority through the accounts in your own words. 
Various budgetary accounts used by the federal government are as follows:  
- One of the accounts is named Estimated Revenues, which is used by both the state as 
well as the local governments as a budgetary account. It represents the government’s 
estimated amount of the revenues which are they expect will be realized in the course 
of the given financial year.
- Another account used by the Federal agencies is called the Other Appropriations 
Realized account. This is used in the government’s budgetary track in order to capture 
the amounts that the Congress has set aside for each agency for the upcoming 
financial year.

Identify the budgetary accounts used in federal agency accounting and explain the sequential flow of budgetary authority through the accounts in your own words.

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