Which of the following uses the flow of current financial resources measurement focus? a. Internal Service Fund b. Agency Fund c. Special Revenue Fund d. Enterprise Fund

Which of the following funds provides goods and services only to other departments or agencies of the government on a cost-reimbursement basis? Group of answer choices a.) Internal service funds b.) Enterprise funds c.) Special revenue funds

the account deffered inflows of resources-unavailable revenues is used in governmental funds to record?

What are some major adjustments required when converting from fund financial statements to government-wide statements?

Explain the modified accrual basis of accounting. Why is it used for governmental fund financial statements?

125) Which of the following is an internal financial control? A) Budgeting b) Goal setting c) An audit conducted by KPMG d) A and B e) A and B and C

The focus of governmental funds in fund accounting is a(n): a. Economic Resource Measurement Focus. b. Financial Resources Measurement Focus. c. Cash Flow Measurement Focus. d. Accrual Measurement Focus.

The cornerstone of external financial reporting for governmental units and not-for-profit organizations is: a. to show the flow of financial resources b. to determine profit or loss c. to compare budgeted to actual resources  d. accountability

Need the Answer with calculation

Which financial statements are prepared using modified accrual accounting? A) Proprietary fund financial statements. B) Governmental fund financial statements. C) Government-wide financial statements. D) Both A. and B. E) Both B and C.