Governmental accounting is the accounting used by government agencies in order to track their spending and income. This accounting is different from standard accounting in a number of ways, but one of the most notable is that it must follow different rules and regulations set forth by various governmental organizations. Some examples of governmental accounting include:

-Federal accounting: This type of accounting is used by the United States federal government in order to track its spending and income. The rules and regulations governing federal accounting are set forth by the Office of Management and Budget (OMB).

-State and local government accounting: This type of accounting is used by state and local governments in order to track their spending and income. The rules and regulations governing state and local government accounting are set forth by the Governmental Accounting Standards Board (GASB).

-Nonprofit accounting: This type of accounting is used by nonprofit organizations in order to track their spending and income. The rules and regulations governing nonprofit accounting are set forth by the Financial Accounting Standards Board (FASB).