Question
What is the difference between a special and general purpose government? Who establishes the principles for Governments? What does interperiod equity mean? What is the
What is the difference between a special and general purpose government?
Who establishes the principles for Governments?
What does interperiod equity mean?
What is the primary reporting objective for financial reporting for governments and non-profits?
What is a debt service fund used for?
What financial info do the Government Wide statements include?
What is the difference from an expense and an expenditure?
Do other financing sources increase fund balance?
Are encumbrances closed at year end?
*** You must record a legally adopted budget for the general fund!
Why are Tax anticipated notes?
What do current financial resources include?
Property tax revenue is a nonexchange transaction
What is the cornerstone of all financial reporting in government?
What are the three sections of the CAFR?
What are the characteristics of a fund?
Which of the three major fund categories uses modified accrual accounting?
Remember: Governmental funds include GRaSPP funds
What are the three main categories of program revenues listed on the Gove Wide statement of activities?
Encumbrances, Estimated Revenue and Appropriations are budgetary accounts
Governmental funds contain nothing LONG TERM
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Cornerstones of Managerial Accounting
Authors: Maryanne M. Mowen, Don Hanson, Dan L. Heitger, David McConomy, Jeffrey Pittman
2nd Canadian edition
978-0176721237, 978-0176530884
