What I am asking for is, common language that EVERYONE can easily understand.
To me... A "Discretely Prestented Component Unit (DPCU)" is BIG TALK for something that is "shady".
My "gut" is usually right on these types of things.
I find it quite interesting that I am having a very hard time finding a DEFINITION of a term that is used SO frequently in Government Revenue Accounting, that it has it's own acronym. (I notice that acronym's are often used as a political "dog whistle". Like the act of "PRINTING MONEY" is known as "QE". The average person has NO IDEA what "QE" stands for. I have a feeling that "DPCU" is another one of those "dog whistle" terms.)
I came across the term "loosely" defined in a New York Comprehensive Financial Report. I am NOT satisfied with that "loose" definition.
So, if there's some sort of "DOCTOR OF ECONOMICS" out there... You know, some regular guy out there who lives a life of a "secret identity". Then by night... goes by the name of "Dr. Econ"!
If there was ONLY someone like that who could break down economics to a common language that us plain folk could understand...
... In my 'Polly Purebread' voice, "HELP! Dr. Econ, HELP!"
Or anybody else who is familiar with the term. If Dr.Econ knows his stuff... this should be an easy one for him to knock out of the park and impress all of us with his cranial capabilities!
BY THE POWER OF GREYSKULL!!!