Trust accounting - Study guides, Class notes & Summaries

Which of the following is NOT a RECA educational resource for industry professionals? - Answer-Spatial Information System (Spin 2) Which entity has the authority to amend the Real Estate Act - Answer-Provincial Legislature Which of the following measures the change in a cost of a fixed basket of goods and services purchased by families over a period of time - Answer-Consumer Price Index (CPI) Which of the following will occur to the supply of a good when there is a change in quantity su...

Property Management - Answer- The exercise of a retaining or governing influence over the acquisition, use, and disposition of personal property Property Control Variety of Names - Answer- Property Accounting, Fixed Asset Accounting, Inventory Control, Material, Property Control, Asset Management. Property Management Office PMO - Answer- Department within an org that is responsible for controlling or managing property Property Manager - Answer- PMO is headed by Property Manager is re...

ACC 426 - CH 1 QUESTIONS AND ANSWERS ALREADY GRADED A Governmental funds include: A) Special revenue funds B) Internal service funds C) Enterprise funds D) Agency funds A Which of the following has established a "Hierarchy of GAAP": A) Financial Accounting Standards Board. B) Federal Accounting Standards Advisory Board C) Governmental Accounting Standards Board D) All of the above have established a hierarchy D The term "proprietary funds" applies to: A) all funds that use accrual ...

RECA FUNDAMENTALS EXAM | QUESTIONS AND ANSWERS | 2024| Which of the following is NOT a RECA educational resource for industry professionals? - Spatial Information System (Spin 2) Who is responsible for producing the "Real Property Report"? - Alberta Land Surveyor Benefits of RECAS trust assurance and practice review program - - effective record keeping and administrative procedures - education and advice in relation to brokerage trust accounting - identifies and resolves potential prob...

BUSINESS MAJOR FIELD TEST QUESTIONS AND ANSWERS GRADED A;(FULL TEST BANK) Accounting: What costs should be considered when making non-routine decisions? (3) Ans- The price of material, Factory overhead costs, and the price of labor Accounting: Total product/ units produced and sold equals?? Ans- Product Cost per Unit Accounting: What is a general explanation of what the contribution margin is? Ans- The difference between variable costs subtracted from sales Accounting: In a ...

TEST BANK Governmental and Nonprofit Accounting 11th Edition By Freeman, Shoulders, McSwain, Scott. ISBN 9780133799897. (All 20 Chapters) Latest & Updated 2024 A+ TABLE OF CONTENTS: CH 1 Governmental and Nonprofit Accounting Environment CH 2 State and Local Government Accounting and Financial CH 4 The General Fund and Special Revenue Funds CH 5 Revenue Accounting—Governmental Funds CH 6 Expenditure Accounting—Governmental Funds CH 7 Capital Projects Funds CH 8 Debt Service Funds CH ...

Fraud "Any illegal acts characterized by deceit, concealment, or violation of trust. These acts are not dependent upon the perpetrated by individuals and organizations to obtain money, property, or services; to avoid payment or loss of services; or to secure personal or business advantage." Main types of fraud Internal Fraud and External Fraud Internal Fraud which involves the employees of the company against which the fraud is perpetrated External Fraud deceptive conduct by non-employee...

NYS Colibri Real Estate Final Exam Questions and Complete Solutions Expressed Agency - Answer: An agency created in a written or oral agreement General Agent - Answer: One who is authorized by a principal to represent the principal in a specific range of matters Fiduciary - Answer: Person in a position of trust, held by law to high standards of good faith and loyalty Fiduciary Duties - Answer: care, obedience, accounting, loyalty, and disclosure COALD Group Boycott - Answer: An or...

FELE Subtest 3 Questions and Answers 100% Pass Title VI of the Civil Rights Act Protects against discrimination based on race, color, origins etc. Title VII of TCRA of 1964 Protects against discrimination from employers Tile IX of Ed Amendments Cannot be excluded from activity club or sport based on gender Section 504/ Rehabilitation Act Cannot discriminate against someone based on handicap Age Discrimination Act Cannot discriminate based on age FERPA Parents have a right to inspect and rev...

CPWM EXAM QUESTIONS WITH ALL CORRECT ANSWERS What group is responsible for the administration of county services - Answer- Board of chosen freeholders The board of chosen freeholders are elected for how many years - Answer- 3 year term Name types of municipal funds - Answer- Current fund Trust fund General capital fund Utility fund Capital improvement fund Public assistance fund Name both sides of the budget - Answer- Revenues and appropriations In cost accounting ...