How can a broader conceptualization of accounts, accounting and accountability (the 3As), and the corresponding values involved, provide further understanding in relation to the public sector?  please provide a detailed answer

Q: discuss in brief the different accounting branches with their major objectives

A: Introduction:- Branches of accounting classified into more than 10 types but The following three…

Q: What is the role of the Public Company Accounting Oversight Board?

A:

Q: describe the importance of fi nancial statement notes and supplementary information—including…

A: The importance of financial statement notes and supplementary information thatincluding disclosures…

Q: Item 10   Which of the following is identified by the GASB as the "cornerstone" of all financial…

A: The Governmental Accounting Standards Board establishes accounting and financial reporting standards…

Q: explain the relationship between culture and the adoption of accounting practices

A: Culture includes the beliefs, ideas and customs followed by the individuals in a particular society.…

Q: Explain and differentiate the role of government and industry in financial inclusion

A: Financial inclusion is the process in which the businesses and individuals have access to basic…

Q: Describe the provisions of the Sarbanes–Oxley Act as they relate to the creation and…

A: The Sarbanes-Oxley Act is a federal law established to uphold and ensure strict auditing and…

Q: Setting accounting standards by the private sector is

A: The common law is developed on the basis of the particular case. It represents the development of…

Q: How the hierarchy of U.S. generally accepted accounting principles for state and local government…

A: Financial reporting issues Financial reporting involves communicating the results and information…

Q: Explain the concepts of fiscal and operational accountability and the basis of accounting used to…

A: Financial accountability refers to the policies adopted by a board for the attainment of their…

Q: you consider Government Accounti

A: Governmental accounting keeps strict control over resources while also categorizing operations into…

Q: Support for Politicization of rule making for accounting standards

A: The politicization of accounting rulemaking should not be viewed in a narrow sense. As accounting…

Q: discuss in detail the adminstration of financial management within the public sector

A: Financial management include applying general management concepts to the enterprise's financial…

Q: Identify the reports that accompany the financial statements of public entities and nonpublic…

A:

Q: Explain why special purpose frameworks (also known as other comprehensive bases of accounting) may…

A: Special purpose framework is a non-GAAP framework which is used for financial purposes and includes…

Q: What do we understand, when we say that Social and Economic Accounting is a "comprehensive,

A: GIVEN   when we say that Social and Economic Accounting is a "comprehensive, consistent and…

Q: How can a broader conceptualization of accounts, accounting and accountability (the 3As), and the…

A: Accounts is the individual’s personal account, real account and nominal account which is prepared to…

Q: Distinguish between government and not-for-profit organizations from business entities and describe…

A: Business entities are described as those units which are formulated to provide professional…

Q: Public Sector Accounting seeks to achieve certain financial objectives. You are required to state…

A: Public Sector Accounting is the systematic process of recording, communicating, summarizing,…

Q: To what extent are financial reports providing relevant and timely information to stakeholders?…

A: Given: The extent at which the financial provide information to stake holders and its improvements…

Q: " Accounting is shaped by , reflects , and reinforces particular characteristics unique to its…

A: The accounting system is considered to be the backbone of the nation's development as it will…

Q: Explain the purpose of the Public Company Accounting Oversight Board.

A: Auditing:   In auditing, auditors verify the correctness and fair presentation of financial…

Q: Required: b. Discuss your opinion on whether is it adequate and sufficient for the public sector…

A: Performance measurement -: Performance measurement (PM) in the public sector is certainly essential.…

Q: What are the importance of measuring and evaluating performance relating to finance and accounting…

A: Finance and accounting are important aspects of any business because it deals with overall funds and…

Q: The Federal Accounting Standards Advisory Board (FASAB) recommends accounting principles and…

A: Financial accounting standards board (FASB): This is the organization which creates, develops, and…

Q: The expectations gap is:a. what financial information management provides and what users want.b.…

A: Expectation gap: The difference between public expectation and what the auditors provides. As per…

Q: Explain why establishing accounting standards is characterized as a politicalprocess

A: The standard setting process is a political process that is affected by the impact of several…

Q: Explain the relationship between the SEC and the various private sector standard-setting bodies that…

A: SEC has the power to prescribe the accounting practices and principles to be employed by the…

Q: What does the conceptual framework intend to establish? a. the objectives and cocepts foruse in…

A: Accounting framework defines the rules and framework which depicts the rules, standards that were…

Q: What is the SEC’s relationship to the Public Company Accounting Oversight Board?

A: The Sarbanes-Oxley Act created the Public Company Accounting Oversight Board to supervise the…

Q: What factors create a need for assurance services? Explain how these factors are important to the…

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: GENERAL PROVISIONS, BASIC STANDARDS AND POLICIES OF GOVERNMENT ACCOUNTING IMPORTANCE AS A WHOLE AND…

A: In the public monetary administration cycle, bookkeeping follows planning and and surveying an…

Q: Answer the following multiple-choice questions. GAAP stands for:(a) governmental auditing and…

A: Definition: Generally Accepted Accounting Principles (GAAP): These are the guidelines necessary to…

Q: Setting accounting standards by the private sector is Select one: a. Independent discipline approach…

A: Accounting standards refer to the rules, policies, and practices used or followed to record…

Q: Which is the first step within the hierarchy of guidance when selecting accounting policies? A.…

A: Accounting policy is the rule or method which is adapted by any entity to determine the error free…

Q: General-purpose financial statements are prepared primarily for: a.    internal users. b.…

A: General - purpose financial statements are prepared primarily for External users.

Q: Who should set accounting standards? A government agency or private body such as the FASB?

A: Accounting standards are the rules and provisions that guide the manner in which accounting reports…

Q: xplain and differentiate the role of government and industry in financial inclusion by using a venn…

A: The term 'financial inclusion refers to the accessibility of financial products and services at low…

Q: 1-What are the Responsibilities of managment and Those charged with Governance (TCWG)? 2- what the…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…