Question 1

Which of the following statements regarding service efforts and accomplishments (SEA)is not true?

Accepted Answer

A)  Measures of service efforts,or input measures,relate to the amount of financial and nonfinancial resources (such as money and materials)used in a program or process. 
B)  Effort measures relate service efforts to outputs of service and to outcomes or results of services. 
C)  Output measures are quantity measures that reflect either the quantity of a service provided or the quantity of service provided that meets a specified quality requirement. 
D)  Outcome measures gauge accomplishments,or the results of services provided. 
A)  Measures of service efforts,or input measures,relate to the amount of financial and nonfinancial resources (such as money and materials)used in a program or process. 
B)  Effort measures relate service efforts to outputs of service and to outcomes or results of services. 
C)  Output measures are quantity measures that reflect either the quantity of a service provided or the quantity of service provided that meets a specified quality requirement. 
D)  Outcome measures gauge accomplishments,or the results of services provided. B

Question 2

Which of the following statements is not consistent with the GASB's "Budgeting,Budgetary Control,and Budgetary Reporting Principle?"

Accepted Answer

A)  An annual budget must be adopted using generally accepted accounting principles. 
B)  The accounting system should provide the basis for appropriate budgetary control. 
C)  Budgetary comparison schedules should be presented as required supplementary information for the General Fund and each major special revenue fund for which an annual budget has been adopted. 
D)  The budgetary comparison schedule should present both the original and the final appropriated budgets for the reporting period. 
A)  An annual budget must be adopted using generally accepted accounting principles. 
B)  The accounting system should provide the basis for appropriate budgetary control. 
C)  Budgetary comparison schedules should be presented as required supplementary information for the General Fund and each major special revenue fund for which an annual budget has been adopted. 
D)  The budgetary comparison schedule should present both the original and the final appropriated budgets for the reporting period. A

Question 3

All of the following are objectives of activity-based cost (ABC)accounting in government except

Accepted Answer

A)  To preserve,at a minimum,the present quality and availability of services. 
B)  To help find lower cost alternatives to providing services. 
C)  To link customer (taxpayer)satisfaction to improvements in the operating systems used to provide goods and services. 
D)  To make increases in the volume of services dependent on reducing costs. 
A)  To preserve,at a minimum,the present quality and availability of services. 
B)  To help find lower cost alternatives to providing services. 
C)  To link customer (taxpayer)satisfaction to improvements in the operating systems used to provide goods and services. 
D)  To make increases in the volume of services dependent on reducing costs. C

Question 4

Governmental budgets must be made available for public scrutiny,and public hearings must be held to provide adequate opportunity for citizens' input,prior to legislative adoption of the budget.

Accepted Answer

A) True 
 B)False

Question 5

Explain the benefits to a government of integrating strategic planning,budgeting,and performance measurement.

Accepted Answer

Integrating strategic planning, budgetin

Question 6

The following are key terms in Chapter 12 that relate to budgeting of government services:
A.Efficiency measures
B.Effectiveness measures
C.Planning-programming-budgeting system
D.Zero-based budgeting
E.Program budgeting
F.Flexible budgeting
 G.Incremental budgeting
 H.Budget calendar
 For each of the following definitions,indicate the key term from the list above that best matches by placing the appropriate letter in the blank space next to the definition

Accepted Answer

The answer of The following are key terms in Chapter...

Question 7

The government official typically responsible for providing department heads with such technical support as clerical assistance with budget computation and maintenance of document files relating to the budget is

Accepted Answer

A)  The chief financial officer. 
B)  The legislative budget analyst. 
C)  The budget officer. 
D)  The director of finance. 
A)  The chief financial officer. 
B)  The legislative budget analyst. 
C)  The budget officer. 
D)  The director of finance.

Question 8

Which of the following statements regarding government budgets is not true?

Accepted Answer

A)  A budget should be enacted before the fiscal year begins and be integrated with the financial accounting system so that actual results can be compared to budgeted plans at regular intervals. 
B)  The budget's role is limited to inclusion in internal financial reports and budgetary compliance monitoring for those funds that have a legally approved budget. 
C)  Integrating the budget into the accounting system allows management to oversee individual unit performance and react quickly to variances between actual results and budgeted plans. 
D)  A budget is a plan of financial operation embodying an estimate of proposed expenditures for a given period of time and the proposed means of financing them. 
A)  A budget should be enacted before the fiscal year begins and be integrated with the financial accounting system so that actual results can be compared to budgeted plans at regular intervals. 
B)  The budget's role is limited to inclusion in internal financial reports and budgetary compliance monitoring for those funds that have a legally approved budget. 
C)  Integrating the budget into the accounting system allows management to oversee individual unit performance and react quickly to variances between actual results and budgeted plans. 
D)  A budget is a plan of financial operation embodying an estimate of proposed expenditures for a given period of time and the proposed means of financing them.

Question 9

Describe what is meant by the direct costs of a program (for example,a fire prevention program)and why it is important to distinguish direct costs from indirect costs.

Accepted Answer

The direct costs of a program are those

Question 10

Explain what is required to develop an effective total quality management (TQM)program for a government.

Accepted Answer

Although individual governments have tai

Question 11

Which of the following costs would be allowable under OMB Circular A-87?

Accepted Answer

A)  Advertising on the Internet by a defense contractor. 
B)  Lobbying for continuation of an educational program by the school administrator. 
C)  Indirect costs of the state legislature. 
D)  Depreciation expense on the equipment used in a federal research grant. 
A)  Advertising on the Internet by a defense contractor. 
B)  Lobbying for continuation of an educational program by the school administrator. 
C)  Indirect costs of the state legislature. 
D)  Depreciation expense on the equipment used in a federal research grant.

Question 12

"The sole objective of budgeting in a governmental entity is to demonstrate compliance with appropriation legislation." Do you agree or disagree? Explain.

Accepted Answer

I disagree with the statement that "The

Question 13

Which of the following might appropriately be termed an outcome indicator for a police department that reports service efforts and accomplishments (SEA)indicators?

Accepted Answer

A)  Number of crimes investigated. 
B)  Value of property lost due to crime. 
C)  Hours of patrol. 
D)  Number of personnel hours expended. 
A)  Number of crimes investigated. 
B)  Value of property lost due to crime. 
C)  Hours of patrol. 
D)  Number of personnel hours expended.

Question 14

"Because a budgetary comparison statement is required for conformity with GAAP (under GASBS 34),resource management purposes are best served by preparation of the budget on the same basis as the accounts." Do you agree? Why or why not?

Accepted Answer

Disagree.The budget to be presented in t

Question 15

Which of the following has contributed most to governments' increased interest in activity-based accounting?

Accepted Answer

A)  GASB standards. 
B)  Implementation of innovative management approaches (such as TQM and SEA measures)in response to public demand for greater accountability and productivity. 
C)  Increased demand for high profile management tools to bolster the image of government. 
D)  The Single Audit Act of 1984 (and 1996 Amendments). 
A)  GASB standards. 
B)  Implementation of innovative management approaches (such as TQM and SEA measures)in response to public demand for greater accountability and productivity. 
C)  Increased demand for high profile management tools to bolster the image of government. 
D)  The Single Audit Act of 1984 (and 1996 Amendments).

Question 16

An often used approach to budgeting that simply derives the subsequent year's budget from the current year's budget is called:

Accepted Answer

A)  Planning-programming-budgeting. 
B)  Incremental budgeting. 
C)  Zero-based budgeting. 
D)  Performance budgeting. 
A)  Planning-programming-budgeting. 
B)  Incremental budgeting. 
C)  Zero-based budgeting. 
D)  Performance budgeting.

Question 17

In budgeting revenues,state and local government administrators should

Accepted Answer

A)  Be careful not to utilize unauthorized sources or exceed authorized ceilings on revenues from specific sources. 
B)  Ensure that at least the amount of revenues needed to meet spending needs are raised,even if authorized ceilings on some revenue sources must be exceeded. 
C)  Utilize all authorized revenues sources and at the maximum amount allowed by law. 
D)  Ignore "other financing sources" since these resource inflows are not available for appropriation. 
A)  Be careful not to utilize unauthorized sources or exceed authorized ceilings on revenues from specific sources. 
B)  Ensure that at least the amount of revenues needed to meet spending needs are raised,even if authorized ceilings on some revenue sources must be exceeded. 
C)  Utilize all authorized revenues sources and at the maximum amount allowed by law. 
D)  Ignore "other financing sources" since these resource inflows are not available for appropriation.

Question 18

Which of the following budgetary approaches starts with line-item expenditures and applies a factor approximating the inflation rate to most items,unless specific information is available to suggest a different factor be applied?

Accepted Answer

A)  Performance budgeting. 
B)  Zero-based budgeting. 
C)  Program budgeting. 
D)  Incremental budgeting. 
A)  Performance budgeting. 
B)  Zero-based budgeting. 
C)  Program budgeting. 
D)  Incremental budgeting.

Question 19

A generally unallowable cost may be allowable under certain circumstances.

Accepted Answer

A) True 
 B)False

Question 20

Discuss the implications of GASB governmental fund and government-wide financial reporting on the budgeting process in a city.

Accepted Answer

Governments traditionally budget for the

Which of the following statements regarding service efforts and accomplishments (SEA)is not true?

Which of the following statements is not consistent with the GASB's "Budgeting,Budgetary Control,and Budgetary Reporting Principle?"

All of the following are objectives of activity-based cost (ABC)accounting in government except

Governmental budgets must be made available for public scrutiny,and public hearings must be held to provide adequate opportunity for citizens' input,prior to legislative adoption of the budget.

Explain the benefits to a government of integrating strategic planning,budgeting,and performance measurement.

The government official typically responsible for providing department heads with such technical support as clerical assistance with budget computation and maintenance of document files relating to the budget is

Which of the following statements regarding government budgets is not true?

Describe what is meant by the direct costs of a program (for example,a fire prevention program)and why it is important to distinguish direct costs from indirect costs.

Explain what is required to develop an effective total quality management (TQM)program for a government.

Which of the following costs would be allowable under OMB Circular A-87?

"The sole objective of budgeting in a governmental entity is to demonstrate compliance with appropriation legislation." Do you agree or disagree? Explain.

Which of the following might appropriately be termed an outcome indicator for a police department that reports service efforts and accomplishments (SEA)indicators?

"Because a budgetary comparison statement is required for conformity with GAAP (under GASBS 34),resource management purposes are best served by preparation of the budget on the same basis as the accounts." Do you agree? Why or why not?

Which of the following has contributed most to governments' increased interest in activity-based accounting?

An often used approach to budgeting that simply derives the subsequent year's budget from the current year's budget is called:

In budgeting revenues,state and local government administrators should

Which of the following budgetary approaches starts with line-item expenditures and applies a factor approximating the inflation rate to most items,unless specific information is available to suggest a different factor be applied?

A generally unallowable cost may be allowable under certain circumstances.

Discuss the implications of GASB governmental fund and government-wide financial reporting on the budgeting process in a city.

Introduction to Accounting and Financial Reporting for Governmental and Not-For-Profit Entities

Principles of Accounting and Financial Reporting for State and Local Governments

Governmental Operating Statement Accounts; Budgetary Accounting

Accounting for Governmental Operating Activities-Illustrative Transactions and Financial Statements

Accounting for General Capital Assets and Capital Projects

Accounting for General Long-Term Liabilities and Debt Service

Accounting for the Business-Type Activities of State and Local Governments

Accounting for Fiduciary Activities-Agency and Trust Funds

Financial Reporting of State and Local Governments

Analysis of Governmental Financial Performance

Auditing of Governmental and Not-For-Profit Organizations

Accounting for Not-For-Profit Organizations

Not-For-Profit Organizations-Regulatory, Taxation, and Performance Issues

Accounting for Colleges and Universities

Accounting for Health Care Organizations

Accounting and Reporting for the Federal Government

Filters

Exam 12: Budgeting and Performance Measurement

Which of the following statements regarding service efforts and accomplishments (SEA)is not true?

Which of the following statements is not consistent with the GASB's "Budgeting,Budgetary Control,and Budgetary Reporting Principle?"

All of the following are objectives of activity-based cost (ABC)accounting in government except

Governmental budgets must be made available for public scrutiny,and public hearings must be held to provide adequate opportunity for citizens' input,prior to legislative adoption of the budget.

Explain the benefits to a government of integrating strategic planning,budgeting,and performance measurement.

The government official typically responsible for providing department heads with such technical support as clerical assistance with budget computation and maintenance of document files relating to the budget is

Which of the following statements regarding government budgets is not true?

Describe what is meant by the direct costs of a program (for example,a fire prevention program)and why it is important to distinguish direct costs from indirect costs.

Explain what is required to develop an effective total quality management (TQM)program for a government.

Which of the following costs would be allowable under OMB Circular A-87?

"The sole objective of budgeting in a governmental entity is to demonstrate compliance with appropriation legislation." Do you agree or disagree? Explain.

Which of the following might appropriately be termed an outcome indicator for a police department that reports service efforts and accomplishments (SEA)indicators?

"Because a budgetary comparison statement is required for conformity with GAAP (under GASBS 34),resource management purposes are best served by preparation of the budget on the same basis as the accounts." Do you agree? Why or why not?

Which of the following has contributed most to governments' increased interest in activity-based accounting?

An often used approach to budgeting that simply derives the subsequent year's budget from the current year's budget is called:

In budgeting revenues,state and local government administrators should

Which of the following budgetary approaches starts with line-item expenditures and applies a factor approximating the inflation rate to most items,unless specific information is available to suggest a different factor be applied?

A generally unallowable cost may be allowable under certain circumstances.

Discuss the implications of GASB governmental fund and government-wide financial reporting on the budgeting process in a city.

Introduction to Accounting and Financial Reporting for Governmental and Not-For-Profit Entities

Principles of Accounting and Financial Reporting for State and Local Governments

Governmental Operating Statement Accounts; Budgetary Accounting

Accounting for Governmental Operating Activities-Illustrative Transactions and Financial Statements

Accounting for General Capital Assets and Capital Projects

Accounting for General Long-Term Liabilities and Debt Service

Accounting for the Business-Type Activities of State and Local Governments

Accounting for Fiduciary Activities-Agency and Trust Funds

Financial Reporting of State and Local Governments

Analysis of Governmental Financial Performance

Auditing of Governmental and Not-For-Profit Organizations

Accounting for Not-For-Profit Organizations

Not-For-Profit Organizations-Regulatory, Taxation, and Performance Issues

Accounting for Colleges and Universities

Accounting for Health Care Organizations

Accounting and Reporting for the Federal Government

Filters