click below
click below
Normal Size Small Size show me how
MSB AC 330 XM2
MSB GovNFP Unit 3
Question | Answer |
---|---|
What would the Police Department be classified as? | Organization Unit |
What would Highways and Streets be classified as? | Function |
In order to achieve budgetary control, what are the three genearl ledger budgetary control accounts needed in the general fund? | Estimated Revenues, Appropriations, & Encumbrances |
What does charges for services include? | All charges for goods and services provided by a governmental fund to enterprise funds, individuals and organizations, and other governments. |
What are direct expenses? | those that are specifically associated with a function or program |
What are indidrect expenses? | those that are not directly lnked to an indentifiable function or program. |
What does the GASBS 34 reporting model require in addition to traditional fund based financial statements? | MD&A and two government-wide financial statements: statement of nest assets or a blance sheet, and a statement of activities. |
What are special items? | Items within management control that may be either unusual in nature or infrequent in occurrence but not both. |
Transfers into a fund and debt issue proceeds received by a fund are classified as? | Other financing sources. |
What is the primary classificatino of governmental revenue? | fund |