Match the following terms with the most suitable definition or statement by selecting the correct term found in the drop list. Some terms may not be used at all.

Non-profit’s Governing Body	General Fund	Management's discussion and analysis (MD&A)
Enterprise fund	Government mission	Inter-period Equity
Modified Accrual basis	Internal service fund	Full accrual basis
Letter of Transmittal	Appropriations	Encumbrance
Accountability	Expenditure	Functional
Statement of Activities	Natural	Statement of Financial Position

Narrative information, in addition to the basic financial statements, in which management provides a brief, objective, and easily readable analysis of the government's financial performance for the year and its financial position at year-end can be found under _______________________.
The government accounts for the following activities (utilities, Golf Courses, parking lots) in this fund:_______________.
The goal of governments is something other than earning profit, usually the betterment society. This is known as the _______________.
The ___________ is the basis of accounting that satisfies State & Local Government's primary concern with assets to satisfy current year obligations.
The commitment that exists when a government orders an amount of supplies is known as a/an _________________.
The ___________ is the fund that accounts for a motor pool that acts as an intra-government rental car agency.
The cornerstone of governmental financial reporting based on the belief that citizens have a “right to know” is referred to as _________________.
Board of Trustees or a Board of Directors is a ____________________.
The nonprofit's financial statement that reports amounts as of a particular date (or moment in time) is called the ________________________. .
Classifying expenses into program activities and supporting activities is known as the _______________ basis.

Answer rating: 100% (QA)

Managements discussion and analysis MDA ... View the full answer