Question
Match the following terms with the most suitable definition or statement by selecting the correct term found in the drop list. Some terms may not
Match the following terms with the most suitable definition or statement by selecting the correct term found in the drop list. Some terms may not be used at all.
Non-profits Governing Body | General Fund | Management's discussion and analysis (MD&A) |
Enterprise fund | Government mission | Interperiod Equity |
Modified Accrual basis | Internal service fund | Full accrual basis |
Letter of Transmittal | Appropriations | Encumbrance |
Accountability | Expenditure | Functional |
Statement of Activities | Natural | Statement of Financial Position |
Narrative information, in addition to the basic financial statements, in which management provides a brief, objective, and easily readable analysis of the government's financial performance for the year and its financial position at year-end can be found under _______________________.
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The government accounts for the following activities (utilities, Golf Courses, parking lots) in this fund:_______________.
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The goal of governments is something other than earning profit, usually the betterment society. This is known as the _______________.
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The ___________ is the basis of accounting that satisfies State & Local Government's primary concern with assets to satisfy current year obligations.
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The commitment that exists when a government orders an amount of supplies is known as a/an _________________.
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The ___________ is the fund that accounts for a motor pool that acts as an intragovernment rental car agency.
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The cornerstone of governmental financial reporting based on the belief that citizens have a right to know is referred to as _________________.
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Board of Trustees or a Board of Directors is a ____________________.
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The nonprofit's financial statement that reports amounts as of a particular date (or moment in time) is called the ________________________. .
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Classifying expenses into program activities and supporting activities is known as the _______________ basis. |
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