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For over eight decades, this New Deal-era publication has been the "official handbook" of the Federal Government. 4-5 Dual-track approach Transactions have different effects on governmental funds and governmental activities at the government-wide level because of different measurement focuses and bases of accounting Using the dual-track approach each transaction is recorded separately in the general journals for the governmental fund and … (Public Records) Prepared by the OFFICE … Accounting and Financial Reporting Budgeting and Forecasting Business Process Improvement Capital Planning and Asset Management Compensation and Benefits Debt Management Economic Development ERP Systems and Technology Federal Advocacy Financial Foundations Framework Fiscal First Aid GFOA Documents Leadership, Ethics, and Trust Procurement Risk Assessment Treasury and … No: 2020-œ4 Date. Legal Basis The Government Accounting Manual (GAM) is prescribed by COA pursuant to Article IX-D, Section 2 par. 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