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

Q: 74. Which of the following is a peculiar general purpose financial statement of government entities?…

A: Financial statements are those statements which are prepared at the end of the period in order to…

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: Discuss the significance of public sector budgets from the perspective of a government agency ..in…

A: Budgeting is an important part of the business process. Without budgeting a business cannot track…

Q: evaluate how the government's initiatives at the time helped in improving accountability in the…

A: Accountability means answerable to the authority about the tasks and responsibility which has been…

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: Discuss the role of the government in supporting MFIs to realize the intended goals citing what MFIs…

A: MFIs is the abbreviation used for Micro financing Institutions which are the financial organizations…

Q: Why is the practice of 21C public sector accountability considered to be more complex and robust…

A: The practice of 21C public sector accountability considered to be more complex and robust than…

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: 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: 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: The incurrence of an obligation for future delivery or performance by the oblige is recorde by a…

A: The decision making process in government is an imported aspect of the environment of state…

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: What is a special assessment? How does funding for a special assessment capital improvement differ…

A: Special assessments projects occur when the state or local government decide to offer improvements…

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: 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: Government NBFI?

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

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: 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: Discuss various other government departments and their functions in cbsa/cfia

A: The CBSA is a Canadian federal agency responsible for federal law agency that is responsible for…

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: 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: A primary government can be either a general purpose government or a special purpose government.…

A: Difference between Primary purpose government and specific purpose government: General Purpose…

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…