Fiscal adequacy - Study guides, Class notes & Summaries

Test Bank for Accounting for Governmental & Nonprofit Entities 19th Edition By Jacqueline Reck Version 1 2 Student name:__________ 1) Explain the essential differences between general purpose and special purpose governments and give several examples of each. 2) Identify and explain the characteristics that distinguish governments and not-for-profit entities from business entities. 3) GASB and FASB standards are concerned only with external financial reporting; whereas, FASAB standar...

Accounting for Governmental and Nonprofit Entities, 18e (Reck) Chapter 9 Financial Reporting of State and Local Governments 1) In accordance with GASB standards, both a general purpose government and a special purpose government can be considered primary governments if certain criteria are met. 2) State and local governments should prepare only those financial reports required by law—generally year-end financial statements. 3) A financial reporting entity is defined as a primary go...

Exam -with 100% verified solutions-2024 What type of risk is unique to a specific industry, business enterprise, or investment type? Under which of the following circumstances is an investor in a position to acquire stock? Options- a premium Options- strike price A customer believes that ABC's price will go up but does not have the money to buy 100 shares right now. How could the customer use options to profit from an increase in the stock's price? A corporation's offer to current stock...

Exam -with 100% verified solutions-2024 What type of risk is unique to a specific industry, business enterprise, or investment type? Under which of the following circumstances is an investor in a position to acquire stock? Options- a premium Options- strike price A customer believes that ABC's price will go up but does not have the money to buy 100 shares right now. How could the customer use options to profit from an increase in the stock's price? A corporation's offer to current stock...

WGU D023 School Financial Leadership questions and answers 100% correct 1st Development Stage of School Finance The period of local district financial responsibility, with little or no assistance from the state -used to be local or church -rate bills or tuition -problem in equity 2nd Development Stage of School Finance The period of emerging state responsibility, with the use of flat grants, subventions, and other nonequalizing state allocations to local districts -state to supplem...

FINANCIAL ACCOUNTING THEORY - TEST BANK 1. The objectives of financial reporting are based on a. Generally accepted accounting principles b. Reporting for regulators c. The need for conservatism d. The needs of the users of the information 2. The relevance of providing information in financial statements is subject to the constraint of a. Comparability b. Cost-benefit c. Reliability d. Faithful representation 3. Which of the following is an enhancing quality that relates to both ...

HAS Exam 198 Questions with Verified Answers What is the AFMS mission? - CORRECT ANSWER Enable medically fit forces, provide expeditionary medics and improve the health of all we serve to meet our nation's needs What is the AFMS vision? - CORRECT ANSWER Our supported population is the healthiest and highest performing segment of the US by 2025 What are the four areas of the Quadruple Aim and associated goals? - CORRECT ANSWER Readiness Better care Better health Best value (asso...

1. Which definition used for quality evaluates how well a product performs its intended function? a. Support services b. Fitness for use c. Value for price paid d. Psychological criteria 2. Which total quality management (TQM) process was developed to stress management’s responsibility for quality? a. Fitness for use b. 14 points for quality improvement c. Product design quality d. Statistical quality control charts 3. Which total quality management (TQM) process consists of 13 publi...

FINANCIAL ACCOUNTING THEORY - TEST BANK 1. The objectives of financial reporting are based on a. Generally accepted accounting principles b. Reporting for regulators c. The need for conservatism d. The needs of the users of the information 2. The relevance of providing information in financial statements is subject to the constraint of a. Comparability b. Cost-benefit c. Reliability d. Faithful representation 3. Which of the following is an enhancing quality that relates to both ...

FINANCIAL ACCOUNTING THEORY - TEST BANK 1. The objectives of financial reporting are based on a. Generally accepted accounting principles b. Reporting for regulators c. The need for conservatism d. The needs of the users of the information 2. The relevance of providing information in financial statements is subject to the constraint of a. Comparability b. Cost-benefit c. Reliability d. Faithful representation 3. Which of the following is an enhancing quality that relates to both ...