Under GASB, which statement has been the most substantial pronouncement?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
The Government accounting standard board GASB is a ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
Question Posted:
Students also viewed these Accounting questions
-
GASB Statement No. 34 has been widely criticized for mandating the preparation and presentation of government-wide statements. Mainly, the critics contend that the benets of the statements are not...
-
Under what circumstances does GASB Statement No. 39 require a primary government to treat an affiliated, tax-exempt organization as a component unit? Would the affiliated organization be blended?
-
Under GASB guidance when should an item be recognized on the face of the financial statements? Under what conditions, would the GASB indicate that a note disclosure should accompany an item that has...
-
If $4000 is deposited into an account paying 3% interest compounded annually and at the same time $2000 is deposited into an account paying 5% interest compounded annually, after how long will the...
-
In the clover butterfly, males are always yellow, but females can be yellow or white. In females, white is a dominant allele. Two yellow butterflies were crossed to yield an F1 generation consisting...
-
A binary FSK signal with discontinuous phase is defined by where Eb is the signal energy per bit, Tb is the bit duration, and ?1 and ?2 are sample values of uniformly distributed random variables...
-
In a survey of 1002 U.S. adults, 88% said that fake news has caused a great deal of confusion or some confusion. Determine whether the number is a parameter or a statistic. Explain your reasoning.
-
NorthAm Trucking is a long-haul trucking company serving customers all across the continental United States and parts of Canada and Mexico. At present, all billing activities from preparation to...
-
The information for Bland Media Company at the end of the fiscal year, June 30, 20X8 are listed in this spreadsheet . Additional information: Capital were $145000 at May 1, 20X7, additional capital...
-
CHINA TRADE, INC. Project Statement It is mid-September, nearly two years after you received your degree. While attending National, you became acquainted with fellow students Mae Ling and James...
-
What is the purpose of the book, Codification of Governmental Accounting and Financial Reporting Standards?
-
For the government-wide statements, governmental activities are to be presented separately from the financial statements of business-type activities. Give one example of a governmental activity and...
-
In Problems 3142, calculate the definite integral by referring to the figure with the indicated areas. A b a B 24 C d c\D X Area A 1.408 Area B = 2.475 Area C= 5.333 Area D = 1.792
-
What are the two underlying nonlow vowel phonemes and state the rules accounting for the distribution of their allophone?
-
the most cost effective standards of departmental productivity benchmarks are what?
-
Materiality under the False Claims Act is an indication of what? Describe.
-
Share and discuss mission statement from ConnecticutDepartment of Health Describe other things you have learned from the website by summarizing some of the services and/or functions of the...
-
WHAT ARE CONCEPTUAL FRAMEWORKS AND THEEORIES ON COMPASSION OF HILDEGARD?
-
A huge shopping strip mall with multiple anchor stores is a(n)__________________ center.
-
Clark, PA, has been engaged to perform the audit of Kent Ltd.s financial statements for the current year. Clark is about to commence auditing Kents employee pension expense. Her preliminary enquiries...
-
Southeast Asias rice-exporting nations are in talks to create a formal alliance aimed at boosting prices and increasing export revenues. but the previous attempt to form a cartel failed as countries...
-
Give examples of transactions that: a. Increase an asset and a liability b. Increase an asset and shareholders equity c. Increase an asset and decrease a different asset d. Decrease an asset and a...
-
Give examples of transactions that: a. Increase inventory and a liability b. Decrease inventory and a liability c. Increase inventory and decrease an asset d. Decrease inventory and increase an asset
-
What different purposes do the general journal and the general ledger serve?
-
Many American car manufacturers are located in the Southeast. Due to hurricane season, the Southeast has gotten a significant amount of rain, causing vast flooding. How is the supply of cars impacted?
-
Suppose that the cost in dollars for a weekly production of x tons of sugar is given by the following function (a) Find the marginal cost. 1 C(x) = x+3x+200. (b) Find the cost and marginal cost when...
-
16. An IEEE standard 32-bit floating point number is N = -15 x 2E-127 x 1.F, where S is the sign bit, F is the fractional mantissa, and E the biased exponent. a. Convert the decimal number 123.5 into...
Study smarter with the SolutionInn App