A primary government can be either a general purpose government or a special purpose government. What is the difference in these two? How does an activity qualify as a special purpose government?

Q: Why have accountability and control been so important in the traditional accounting for state and…

A: The GASB is the board that provides the guideline to the governmental units about proper accounting…

Q: What are some of the functions of a state board of public accountancy?

A:

Q: Define Government Grants?

A: The grants are those type of funds given by any authority which would be non-refundable. These are…

Q: What are the four classifications of nonexchange revenues that a state or local government can…

A: Revenue: Revenue refers to the income received from the business activity or sale of the output,…

Q: which concerns with revenue and disbursement of government such as central government , state…

A: Finances are referred as the management of money from investing activities, borrowing, lending,…

Q: will there be an instance where in the government may consider as primary user? please provide…

A: Government is defined as the group of people or the system that is used to govern the organised…

Q: Discuss the concept of taxation and it's necessity for every government.

A: Taxation is the process of governments levying mandatory taxes on individuals or businesses. Taxes…

Q: What are the key sources of revenues among the federal, state, and local governments? What are the…

A: Federal Government revenue comes from individual income taxes, corporate income taxes, and payroll…

Q: The trade off between efficiency and equity is major concern for government redistribution…

A: Answer

Q: Which of the following is not necessary for a special purpose local government to be viewed as a…

A: The GASB is the board that provides the guideline to the governmental units about proper accounting…

Q: expenditure and ho

A: Reasons for India's rising govt expenditures include: (i) Development Programs: The majority of…

Q: Briefly describe the service type activities that most general purpose governments perform?

A: Governmental accounting standard board is established in United States, used by the state and local…

Q: Under what condition is the modified approach applied by a state or local government?

A: Accrual basis of accounting: Accrual basis of accounting refers to recognizing the expenses and…

Q: Can you explain and give examples of the key state assets that fall in the federal government…

A: Answer:-  Stewardship of state resources meaning:- The term "stewardship of state resources" refers…

Q: ent must be both legally separate and fiscally independent. B. A primary government, although…

A: Primary Government: The primary government may be a state government, a general-purpose local…

Q: Which of the following is not an inherent power of a government?

A: The inherent power of a government are:- 1. Eminent domain  2. Police power 3. Taxation

Q: Special purpose governments differ from general purpose governments in that special purpose…

A: Answer:

Q: Discuss the government structure of the Ghana Revenue Authority

A: The Ghana Revenue Authority: The task of assessing, collecting and accounting for tax revenue in…

Q: Explain the makeup of a primary government and its relationship to component units and related…

A: The government uses a different way to report their financial statements than the private sector…

Q: What statutes does the Commerce Commission have oversight of?

A: In the year 1986, a commission known as commerce commission was established with an aim to regulates…

Q: Government NBFI?

A: NBFI -: A NBFI is a non-banking financial institution or non-bank financial corporation (NBFC) is a…

Q: ndholders. areholders. areholders and the federal government.

A: Interest tax sheild is the reduced cost of capital due to the advantages of tax deductions.

Q: rite the definition, recognition, measurement and derecognition of  GOVERNMENT GRANT.

A: Government grant:  It is the sum of the grant given to the business by the government that a…

Q: xample?

A: Introduction: Fund accounting is said as a system which put that place in order to recording  the…

Q: Which of the following is necessary for a special purpose local government to be viewed as a primary…

A: Introduction:   The GASB is the board that provides the guideline to the governmental units about…

Q: Explain the oman government unit , Business type and fiduciary type with explain?

A: Governmental units are described as agencies, board, division, department, political subdivision,…

Q: The objective of a government is to provide services to its citizens a. True b. False

A: The public sector entities being established by the government of the particular state or city for…

Q: Authoritative GAAP for state and local governments is divided into two categories with the first…

A: GAAP:   It stands for Generally Accepted Accounting Principles. They are established guidelines to…

Q: Are there sufficient internal and external controls in government operations?

A: It is important to implement both internal as well as external control over company's operations…

Q: What does the management’s discussion and analysis (MD&A) normally include? Where does a…

A: Management Discussion and Analysis (MD&A):   Management Discussion and Analysis (MD&A) is…

Q: Explain with examples how Section 404 can impact local governments and not-for-profit organizations?

A: Answer:-  Not-for-profit organization (NGO):- A non-for-profit organization generally works…

Q: what is the difference between state government and local government in Malaysia?

A: Government is a supreme authority of the nation or a state. It is constituted by various members.…

Q: What are government expenditures

A: Government Expenditure multiplier factor is that the magnitude relation of the change in financial…

Q: Taxation is NOT: a. A contribution for the support of a government required of persons, groups,…

A: Taxable income is the measurement of income which is used to calculate the amount of tax that needs…

Q: What is the purpose of Presidential Decree 717?Explain in your own words

A: Different types of laws and acts are prepared time to time to support or reform a current economic,…

Q: Explain the governmental Units , business type and fiduciary type with example?

A: Fund accounting is a system put in place in order to record the funds available to the government…

Q: What does the word stewardship mean and an example of what federal government stewardship?

A: Stewardship is a value that encompasses effective resource planning and administration. Stewardship…

Q: government

A: Answer: Government accounting: Government accounting is accounting methods that are being followed…

Q: MC: Topic: Income Taxation The following defines taxation, except: * It is an inherent power of…

A: Tax is the charge for having excess income. The government has provided the tax slabs by which…

Q: hat are the requirements for government- wide statements on CAFR?

A: Step 1 Governmental financial statements are comply with governmental accounting standards and…

Q: Can an entity go into a joint arrangement with the government? how do you account for that?

A: Joint Arrangement The term Joint arrangement in business to take part in other business with their…

Q: What is a basic financial statement that is required for federal agencies?

A: Financial statement refers to those statements which are prepared through the business at the end of…