What is the OMB Compliance Supplement? What is its purpose?

Question:

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

See More Books

Question Posted: Oct 25, 2014 05:12 AM

See More Questions

What is a business rule, and what is its purpose in data modeling?
What is a compliance audit and how does it differ from an operational audit?
What is compliance auditing?
Draw Lewis structure(s) showing all possible equivalent resonance forms for the nitryl chloride molecule (NOCI). Draw one structure per sketcher box, and separate any added sketcher boxes with the...
Does it make sense that the mass of a bob in a simple pendulum doesn't affect the frequency of the pendulum? Defend your answer.
In Problems 2734, determine whether the product is defined. If it is defined, find the product; if it is not write not defined. 1 -1 -3 0 25 2 8 -1 3 6 0
What steps can senior managers take to develop global managers? LO.1
For each of the following records, indicate the appropriate related file structure: master file, transaction file, reference file, or archive file. a. Customer ledgers b. Purchase orders c. List of...
How much do you still owe on your auto loan if you have 43 remaining monthly payments of $517 with annual interest of 7.3 percent assuming monthly compounding? Answer to the nearest dollar amount,...
A company is planning a large telephone survey and is interested in assessing how long it will take. In a short pilot study, 40 people are contacted by telephone and are asked the specified set of...
What is a cognizant agency? What are its responsibilities? Which federal agency would be the cognizant agency for smaller governments such as the city of Providence, Kentucky, which has a population...
Distinguish between the internal control evaluation required for MFAPs and for non-MFAPs. What level of internal control evaluation is required if a government has no MFAPs?
Of the three types of standards, which is probably used most often? A. base B. ideal C. currently attainable D. all have equal use
Describe in your own words how you would expect the data points on a scatterplot to be distributed if the following features were present (i.e. for each part, explain how the feature would look on a...
imagine this experimental setup: One temperature probe is in embedded in a small block of frozen sugar water at -20. The frozen sugar water is in a small test tube The melting/freezing point of this...
Question 2: (40 points: 10 each) During September, Sweet Foods manufactures a single product. The Company's material purchases amounted to 9,000 pounds at a price of $9.80 per pound. Actual costs...
E12-23 (Algo) (Supplement 12B) Preparing a Statement of Cash Flows, Indirect Method: T-Account Approach [LO 12-S2] Golf Goods Incorporated is a regional and online golf equipment retailer. The...
A symmetric compound channel in over bank flow has a main channel with a bottom width of 30 m, side slopes of 1:1, and a flow depth of 3m. The floodplains on either side of the main channel are both...
Differentiate between being a director in a public and a private firm. What are the key challenges in each situation for venture capitalists?
Find the numerical value of each expression. (a) sech 0 (b) cosh -1 1
Various financial instruments usually serve one of two distinct purposes: to store value or to transfer risk. Name a financial instrument used for each purpose.
Evan OBrien, Inc., publishes a travel magazine. In need of cash, the business applies for a loan with National Bank. The bank requires borrowers to submit financial statements. With little knowledge...
Select financial information for three corporations follows: Requirements 1. Compute the missing amount in the accounting equation for each entity. 2. List the seven main characteristics of a...
Winged Wheel Garage, Inc., purchased a parcel of land on January 3, 2012, for $50,000. Its market value at the end of 2012 was $55,000. Requirements 1. Using the U.S. GAAP cost principle, at what...
explain the concept of Time Value of Money and provide and example. In addition to your discussion, please explain the differences between Stocks and Bonds
Wildhorse Inc. has just paid a dividend of $3.80. An analyst forecasts annual dividend growth of 9 percent for the next five years; then dividends will decrease by 1 percent per year in perpetuity....
Jenny wanted to donate to her alma mater to set up a fund for student scholarships. If she would like to fund an annual scholarship in the amount of $6,000 and her donation can earn 5% interest per...

What is the OMB Compliance Supplement? What is its purpose?

Question:

Step by Step Answer:

The OMB Compliance Supplement is a compilation of 1 Overall compliance requirements that recipients ...View the full answer

Governmental and Nonprofit Accounting

Students also viewed these Accounting questions