Question 1

Statistical tables are

Accepted Answer

A)  Required in the basic financial statements and in the CAFR. 
B)  Optional in the basic financial statements but required in the CAFR. 
C)  Optional in the basic financial statements and optional in the CAFR. 
D)  Required in the CAFR. 
A)  Required in the basic financial statements and in the CAFR. 
B)  Optional in the basic financial statements but required in the CAFR. 
C)  Optional in the basic financial statements and optional in the CAFR. 
D)  Required in the CAFR.

Question 2

Requirements:
1. Describe discrete presentation in the context of the government-wide statements. Assume that a government has five major discretely presented component units. Include the reporting and disclosures required for each of the major component units.
2. Describe blending. When is it required? Is it permitted under other circumstances-i.e., when is it not required?

Accepted Answer

1. Discretely presented component units

Question 3

Which of the following must be included to meet the minimum requirements for general purpose external financial reporting?

Accepted Answer

A)  Basic financial statements, notes to the financial statements, management's discussion and analysis, and other required supplementary information. 
B)  Basic financial statements, notes to the financial statements, and other required supplementary information. 
C)  Basic financial statements, notes to the financial statements, narrative explanations, and required supplementary information. 
D)  Basic financial statements, notes to the financial statements, management's discussion and analysis, other required supplementary information, and combining statements. 
A)  Basic financial statements, notes to the financial statements, management's discussion and analysis, and other required supplementary information. 
B)  Basic financial statements, notes to the financial statements, and other required supplementary information. 
C)  Basic financial statements, notes to the financial statements, narrative explanations, and required supplementary information. 
D)  Basic financial statements, notes to the financial statements, management's discussion and analysis, other required supplementary information, and combining statements.

Statistical tables are

Which of the following must be included to meet the minimum requirements for general purpose external financial reporting?

Governmental and Nonprofit Accountingenvironment and Characteristics

State and Local Government Accounting and Financial Reporting Modelthe Foundation

The General Fund and Special Revenue Funds

Budgeting, Budgetary Accounting, and Budgetary Reporting

Revenue Accountinggovernmental Funds

Expenditure Accountinggovernmental Funds

Capital Projects Funds

Debt Service Funds

General Capital Assets; General Long-Term Liabilities; Permanent Fundsintroduction to Interfund-Gca-Gltl Accounting

Enterprise Funds

Internal Service Funds

Trust and Agency Fiduciary Funds Summary of Interfund-Gca-Gltl Accounting

Financial Reportingthe Basic Financial Statements and Required Supplementary Information

Financial Reporting Deriving Governmentwide Financial Statements and Required Reconciliations

Non-Slg Not-For-Profit Organizationssfas 116 and 117 Approach

Accounting for Colleges and Universities

Accounting for Health Care Organizations

Federal Government Accounting

Auditing Governments and Not-For-Profit Organizations

Filters

Exam 15: Financial Reportingthe Comprehensive Annual Financial Report and the Financial Reporting Entity

Statistical tables are

Which of the following must be included to meet the minimum requirements for general purpose external financial reporting?

Governmental and Nonprofit Accountingenvironment and Characteristics

State and Local Government Accounting and Financial Reporting Modelthe Foundation

The General Fund and Special Revenue Funds

Budgeting, Budgetary Accounting, and Budgetary Reporting

Revenue Accountinggovernmental Funds

Expenditure Accountinggovernmental Funds

Capital Projects Funds

Debt Service Funds

General Capital Assets; General Long-Term Liabilities; Permanent Fundsintroduction to Interfund-Gca-Gltl Accounting

Enterprise Funds

Internal Service Funds

Trust and Agency Fiduciary Funds Summary of Interfund-Gca-Gltl Accounting

Financial Reportingthe Basic Financial Statements and Required Supplementary Information

Financial Reporting Deriving Governmentwide Financial Statements and Required Reconciliations

Non-Slg Not-For-Profit Organizationssfas 116 and 117 Approach

Accounting for Colleges and Universities

Accounting for Health Care Organizations

Federal Government Accounting

Auditing Governments and Not-For-Profit Organizations

Filters