What is the standard-setting body responsible for determining IFRS? How does it obtain its funding?

Q: Define Government Grants?

A: The grants are those type of funds given by any authority which would be non-refundable. These are…

Q: What are Institutional Review Boards and how do they work

A: INSTITUTION REVIEW BOARDS: It is also known as an "Independent ethics committee, ethical review…

Q: What are the objectives and scope of all the standards of IFRS and IAS?

A: IFRS or International Financial Reporting Standards are the guidelines of accounting given by the…

Q: Define the term elements associated with project financing?

A: Answer: Project financing is nothing but a long term, zero or minimal recourse funding option…

Q: How governance can be used in the National Governance? Give appropriate examples.

A: Governance refers to the system through which the firm is controlled as well as operates and also…

Q: xplain the financial statements that are needed for an Enterprise Fund to meet the requirements for…

A: As per Generally Accepted Accounting Principles (GAAP), companies are required to report on the…

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: What is the difference between an enterprise fund and an internal service fund?

A: Fund: It can be defined as a sum of money that is made available or kept aside for a specified…

Q: If you were given complete authority in the matter, how would you propose that GAAP should be…

A: Generally Accepted Accounting Principles (GAAP):  A set of accounting principles, practices and…

Q: rces in the general fund get assigned to a specific

A: Resource  allocation is considered to  important  part of business and investment . it is important…

Q: how may resources in the general fund can be assigned to a specific purpose (if that is the intent…

A: The gap between assets as well as liabilities throughout the government expenditures balance sheet…

Q: What costs necessitate the reporting of an expenditure by a governmental fund?

A: In a government fund, expenditures are recognised in the accounting period in which goods and…

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: mechanism ensure that funds have been properly allocated and spent

A: Proper Allocation of Funds: Proper allocation of fund is very important for the effective and…

Q: Why is Fund Accounting important to governmental organizations in the wider world?

A: Step 1   Fund accounting is an accounting system focus on accountability and transparency rather…

Q: What are Sources of Funding?

A: The process that involves determining the fund requirement, identifying and selecting the optimum…

Q: Who is normally responsible for the authorization of investment activities? Why is the authorization…

A: Investment Decisions: Decisions undertaken by a management to determine where the company resources…

Q: What is a special assessment project? How are special assessment projects reported?

A: Special assessment project: The special assessment project refers to the projects which are…

Q: Is there a connection between regulatory accounting and enterprise fund accounting

A: This is a set of accounting rules that only apply to a particular firm known as the RAP. Federal…

Q: Should we have public financing of campaigns?

A: Financing is the method through which funds are provided for various activities and operations.…

Q: Government NBFI?

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

Q: What is the effective utilization of funds

A: Introduction: While all aspects of money planning are critical, special emphasis is placed on fund…

Q: Where is the IASB located?

A: International Accounting Standards Board (IASB): IASB is the board which frames, develops, approves,…

Q: What benefits are derived from including the management’s discussion and analysis in state and local…

A: GASB: The GASB is the board that provides the guideline to the governmental units about proper…

Q: Considering the importance of financial record keeping, which financial documents do you need keep,…

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

Q: Components of a Complete Grant Proposal What are the components of a complete grant proposal? How…

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

Q: What measurement focus is used in fund financial statements for governmental funds, and what system…

A: The government wide financial statements includes preparation of two statements – statement of net…

Q: What federal fund is most like a custodial fund used by state and local governments?

A: Here given the details of the federal fund which is treated as the custodial fund which can be used…

Q: Why is the FASB Codification Project so important to the U.S. adoption of IFRS? What is the status…

A: IFRS termed as International Financial Reporting Standards which are the accounting standards issued…

Q: What is the person or institution that invest or make fund available?

A: An investor is a person or other entity (such as a company or mutual fund) who invests money in the…

Q: What is the role of stakeholders in environmen

A: Stakeholders are the called to those parties who are interested in the company's information whether…

Q: What other sources provide resources for capital projects funds?

A: A capital project seems to be a long-term, capital-intensive investing project with the goal of…

Q: A discussion of official sources of financing is needed.

A: A brief introduction : Finance is the organization of capital, its use in well-defined locations,…

Q: who is responsible for selecting and prioritising projects?

A: There is need to select the projects among all available projects because all projects can not be…

Q: hat are the requirements for government- wide statements on CAFR?

A: Step 1 Governmental financial statements are comply with governmental accounting standards and…