he Parliament of Ghana has the ultimate responsibility for the safeguard of the public assets of Ghana. What mechanisms exists for parliament to exercise co
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The Parliament of Ghana has the ultimate responsibility for the safeguard of the public assets of Ghana. What mechanisms exists for parliament to exercise control over public financialm anagement?
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- fast The Parliament of Ghana has the ultimate responsibility for the safeguard of the public assets of Ghana. What mechanisms exists for parliament to exercise control over public financialm anagement?Can you explain and give examples of the key state assets that fall in the federal government stewardship for your state?Does trinidad and tobago adhere to the following government accounting features: transparency, accountability and disclosure? If yes, how are these features applied?
- V6. What is the entity in charge of creating and ensuring accounting standards for government organizations? Do you understand that government accounting standards offer some benefit to users of financial statements? Explain Distingue entre fondos gubernamentales y fondos de propietario Name and explain the two types of owner funds.Taxation is NOT:a. A contribution for the support of a government required of persons, groups, orbusinesses within the domain of that governmentb. A means by which governments finance their expenditure by imposing charges oncitizens and corporate entitiesc. An act by which the sovereign, through its lawmaking body, raises income to defray thenecessary expensesd. The process by which the sovereign through its law-making body, imposes burdens uponsubjects or objects within its jurisdiction for the purpose of raising revenues to carry outthe legitimate objects of the governmentwhat are the features of good government accounting and how these applied or does not apply to trinidad and tobago?
- Which of the following is true regarding the government-wide financial statements?a. The government-wide financial statement includes a statement of cash flows.b. The government-wide financial statements are prepared on the financial resources measurement focus for governmental activities and the economic resources measurement focus for business-type activities.c. The government-wide financial statement includes a statement of net position.d. Infrastructure assets must be depreciated on the statement of activities.Please describe the difference between government-wide financial statements and fund-basis financial statements. Why is it necessary for the federal government accounting standards to differ from state and local governments' accounting standards?What is the purpose of the capital projects fund, debt service fund, and permanent fund. Please describe the difference between government-wide financial statements and fund-basis financial statements. Why is it necessary for the federal government accounting standards to differ from state and local governments' accounting standards?
- Which of the following is true regarding government-wide financial statements? a. All capital assets, including infrastructure, are required to be reported. b. Internal service funds are not included. c. Both of the above d. Neither of the aboveWhen is an encumbrance recorded? What happens to this balance? How are encumbrances reported in government-wide financial statements?