Governmental Financial Management CGFM Study Guide 3 || with 100% Errorless Solutions. CGFM 2: Chapter 6 (Section II Chapter 3) || with 100% Error-free Solutions. CGFM Exam 1 Section 3 || with 100% Errorless Answers. CGFM Exam 1: Section 4 || with 100% Error-free Answers. CGFM Exam 2 - Section II A...
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GASB 34 correct answers -added government-wide level reporting for state and local governments -focuses on activities of the government - both governmental and business-type activities -does not report funds but generally there's a relationship between the funds and the activities -made MD&A par...
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Add to cartGASB 34 correct answers -added government-wide level reporting for state and local governments -focuses on activities of the government - both governmental and business-type activities -does not report funds but generally there's a relationship between the funds and the activities -made MD&A par...
In the government management cycle, planning: A) identifies goal and determine the most cost-effective means for accomplishing them B) precedes all other phases and does not have the constraint of realistic budget outcomes C) outcomes are an input to the programming and then, accounting phase ...
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Add to cartIn the government management cycle, planning: A) identifies goal and determine the most cost-effective means for accomplishing them B) precedes all other phases and does not have the constraint of realistic budget outcomes C) outcomes are an input to the programming and then, accounting phase ...
tax equity correct answers is the principle that taxes should treat taxpayers fairly tax expenditures correct answers exceptions to tax laws and regulations, they "cost" the public in terms of loss revenue that could otherwise be used to fund programs or reduce tax rates. dedicated tax corre...
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Add to carttax equity correct answers is the principle that taxes should treat taxpayers fairly tax expenditures correct answers exceptions to tax laws and regulations, they "cost" the public in terms of loss revenue that could otherwise be used to fund programs or reduce tax rates. dedicated tax corre...
The reporting model for state and local governments focuses only on fiscal accountability. True or false? correct answers False. The reporting model focuses on both fiscal accountability, through fund-level reporting, and operational accountability, through government-wide reporting. Describe how...
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Add to cartThe reporting model for state and local governments focuses only on fiscal accountability. True or false? correct answers False. The reporting model focuses on both fiscal accountability, through fund-level reporting, and operational accountability, through government-wide reporting. Describe how...
Governments exist to provide services correct answers no profit motive, no single measure of success Primary funding source = correct answers taxes (involuntary payments, because there is no ability to match services to those who provide the resource) Budget process = correct answers primary c...
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Add to cartGovernments exist to provide services correct answers no profit motive, no single measure of success Primary funding source = correct answers taxes (involuntary payments, because there is no ability to match services to those who provide the resource) Budget process = correct answers primary c...
Budget Accounting and Procedures Act of 1950 correct answers Requires the head of each federal agency to establish and maintain I/C's. Federal Managers Financial Integrity Act of 1982 (FMFIA) correct answers requires the head of each agency to evaluate internal controls on an annual basis, repor...
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Add to cartBudget Accounting and Procedures Act of 1950 correct answers Requires the head of each federal agency to establish and maintain I/C's. Federal Managers Financial Integrity Act of 1982 (FMFIA) correct answers requires the head of each agency to evaluate internal controls on an annual basis, repor...
Senior economists in the Executive Office of the President prepare agency budgets and submit them to Congress for approval. True or false? correct answers False. The Office of Management and Budget (within the Executive Office of the President) provides guidance to agencies regarding assumptions to ...
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Add to cartSenior economists in the Executive Office of the President prepare agency budgets and submit them to Congress for approval. True or false? correct answers False. The Office of Management and Budget (within the Executive Office of the President) provides guidance to agencies regarding assumptions to ...
Internal controls should help prevent goods from being stolen. True or false? Answer: correct answers True. One of the primary functions of internal control systems is to prevent loss, misuse or misappropriation of assets Which of the following is inappropriate? a. The person receiving a deposi...
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Add to cartInternal controls should help prevent goods from being stolen. True or false? Answer: correct answers True. One of the primary functions of internal control systems is to prevent loss, misuse or misappropriation of assets Which of the following is inappropriate? a. The person receiving a deposi...
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