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Discuss the purpose of having a unified accounts code structure (UACS)? 2.What are the key elements of the Unified Accounts Code Structure? Explain each element

Discuss the purpose of having a unified accounts code structure (UACS)?

2.What are the key elements of the Unified Accounts Code Structure? Explain each element briefly?

3. Enumerate the reporting requirements that will be best served by UACS.

4. What is the municipality identifier?

5. Explain the transitory measure to allow government agencies/operating units sufficient time in the familiarization of the UACS Code.

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