Obtain a recent comprehensive Annual report for a country or a municipality. Identify any fiduciary funds included in the report. Does the government have any pension Trust Funds? If not, does the government contribute to an external pension plan?
Answer to relevant QuestionsMultiple Choice Questions1. Which of the following funds can be used to account for the spendable income from a Private Purpose Trust Fund? a. Agency Fund b. General Fund c. Capital Projects Fund d. Pension Trust Fund e. ...What financial statements are prepared for an Investment Trust Fund? How should the proceeds of debt be reported in a governmental fund's statement of revenues, expenditures, and changes in fund balances? a. As a revenue b. As an "other financing source"c. As an extraordinary item d. As an ...What financial statements must be prepared by all VHWOs and ONPOs? What additional financial statements must be prepared by VHWOs? What is a journal, and how is it used in the accounting process?
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