Please explain with examples:

1. Discussion at a local meeting of the government finance officers centered on using a balanced scorecard to present information to the public on the government's website. Please describe the components of a balanced scorecard and provide an example of how each component is applicable in a governmental setting.

2. Under the hierarchy of Generally Accepted Accounting Principles, describe the sources of accounting principles that have the most authority for state and local governments, federal government entities, and non-government entities. Where do accountants and auditors look when a particular item is not covered within the hierarchy?