MSB AC 330 XM2 Word Scramble
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| 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 |
Created by:
diem.huynh
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