This type of finance is concerned with the revenue and disbursement of government agencies. a. Corporate Finance b. Equity Finance c. Private Finance d. Public Finance.
Q: Which of the following funds is used to account for government sponsored investment pools that…
A: An Investment Trust Fund is a fund that develops when the government sponsors a multi-government…
Q: Identify the letter that best describes the accounting and reporting by the following funds and…
A:
Q: Which of the following uses the flow of current financial resources measurement focus? a. Internal…
A: Current financial resources measurement focus : The name itself specifies that financial statement…
Q: Multiple choice:  The accrual basis of accounting is used to account for revenues and expenditures…
A: Following is the answer to the given question
Q: Complete the blank as appropriate: Governmental financial reports are used primarily to assist in…
A: Complete the blank as appropriate: Governmental financial reports are used primarily to assist in…
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: Self-regulation, regulation by the government and regulation by a governmental agency are three…
A: Financial Regulation refers to the rules and regulations by which financial bodies operate in the…
Q: 187. Which of the following funds should be reported as part of local government's governmental…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: What is the reason that fund accounting has traditionally been a prominent factor in the internal…
A: Fund refers to a self-balancing set of accounts including cash as well as other financial resources,…
Q: Which of the following is true regarding government-wide financial statements? a. Internal service…
A: Funds refers to an amount of money which is set aside or saved by individuals, government,…
Q: Which of the following is an example of an interactivity transaction?a. Money is transferred from…
A: Interactivity transactions: The transactions which occur between the government funds and the…
Q: The major supplier of funds for investment in the whole economy is Group of answer choices…
A: An economy is the large set of inter-related production and consumption activities.
Q: How do governmental funds report capital outlay in fund financial statements? How do government-wide…
A: Explain how governmental funds report capital outlay in fund financial statements and how government…
Q: The finance manager plays a significant role in a corporate organization. The finance manager…
A: Main decisions taken by the financial managers are related to : Investment decision Dividend…
Q: What are regulatory accounting principles and how do they relate to enterprise fund accounting?
A: Regulatory Accounting Principles or Procedures, often abbreviated to the RAP, are particular…
Q: It is important to understand the difference between custodial and trust funds. How many financial…
A: However, custodial funds are not covered in any trust fund types under the GASB criteria. People,…
Q: QUESTION 11 In the reporting of governmental activities, fiscal accountability is demonstrated by:…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: Financial reporting depends on the needs of external users of the information reported. Who are the…
A: Financial reporting is done and provided by all types of companies irrespective of the industry in…
Q: In the issuance of treasury bills (T-bills) the government is the a. Debtor b. Creditor c. Guarantor…
A: The treasury bills are the financial instruments for the business which are used to raise money from…
Q: Unreserved Fund Balance in Governmental entities is equal to which of the following in commercial…
A: Correct Answer = Option B = Retained Earnings Explanation Unreserved Fund Balance is the portion of…
Q: Discuss the various types of business-type funds used in governmental units and provide an example…
A: The two types of business-type funds used in governmental units are-: 1. Enterprise funds 2.…
Q: 6 Which of the following is a primary objective of financial reporting by state and local…
A: The correct answer is “third Option”.
Q: Which of the following statements is correct about the reporting of governmental funds? Choose the…
A: Financial statements are condensed summary of transactions communicated in the form of reports for…
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: 1.Explains the importance and role of the business fund (business activities) in government…
A: 1. The importance and role of the business fund (business activities) in government entities are ;…
Q: Which of the following funds are classified as fiduciary funds? Group of answer choices a.)…
A: Government accounting: An accounting system that is meant for recording and management of all…
Q: True or False questions B. The Certificate of Achievement for Excellence in Financial Reporting is…
A: The Certificate of Achievement for Excellence in Financial Reporting is judged by an impartial panel…
Q: Distinguish between direct finance and indirect finance. Which of these is the most important source…
A: Direct finance-Under direct finance, there is a direct relationship between lender and borrower.…
Q: True or false: Government can issue both stocks and bonds to finance government expenditures
A: Government need to raise finance for expenditures that it needs to undertake for running the country…
Q: The commercial business activities are governed by the market places then the government…
A: Fund financial statements are a record of individual major funds and non major funds. Government…
Q: Internal balances Multiple Choice Represent activity between the governmental funds and enterprise…
A: The internal balance can be defined as the situation where real output is equal to or near its…
Q: Which of the following is true regarding the government-wide financial statements?a. The…
A:
Q: Which of the following is a governmental fund? Special revenue fund Internal service fund Capital…
A: The different types of Governmental funds are explained below: General Fund- This fund is used to…
Q: Describe the FOUR (4) key accounting concept for public sector financial reporting.
A: Financial Reporting - It helps in decision-making and increases openness, transparency, and…
Q: Assets and liabilities of activities for which the government is acting in either an agency or…
A: The government uses a different way to report their financial statements than the private sector…
Q: The needs of users of government financial reports are the same as those of users of business entity…
A: Generally Accepted Accounting Principles (GAAP): Generally Accepted Accounting Principles are the…
Q: financial systems brings the saving of a. Government to Public finance b. Individuals & household to…
A: Financial System is a set of organizations or banks such as banks, insurance companies , stock…
Q: The following are part of the responsibilities of a treasurer except a Capital raising b…
A: The Treasurer is responsible for keeping an eye on all elements of the organization's financial…
Q: Describe the modified accrual foundation of accounting in further detail. What is the purpose of…
A: The modified accrual accounting model: According to modified accrual accounting, revenues are…
Q: Discuss the scope or subject matter of public finance.
A: Public finance generally deals with how as well as through what various different sources a…
Q: (a) Financial reporting in the public sector involves reporting on the government’s financial…
A: A. Financial reporting is simply the way to disclose all the financial statements to the end users…
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- Describe the role of the public finance in: the economy explain the allocation of resources and the distribution functions of public finance.Discuss the scope or subject matter of public finance.What are the importance of measuring and evaluating performance relating to finance and accounting functions in the public and private entities?
- These refers to Laws and Rules that govern the working of Financial Institutions? Financial Market Financial Regulation Financial System Financial ManagementDescribe the scope of Public Finance.Aside from issuing bonds, what do you suggests as other means of funding or can government source funds other than bonds?
- Organizations determine whether to take on debt and how much to take on are common and necessary parts of financial planning. Explain the sources of capital that are available to an organization to obtain funds.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.Which of the following is a function of corporate finance? Select one: a. Handling customer complaints. b. Production planning. c. Preparation of financial statements. d. Making investment and financing decisions.
- Explain and differentiate the role of government and industry in financial inclusiondiscuss in detail the adminstration of financial management within the public sectorObjectives of general purpose financial reporting is to provide information about. a. The Government b. The people c. Financial condition in the economy d. The reporting entity