Why does the GASB encourage state and local governments to report service efforts and accomplishments information in

Question:

Why does the GASB encourage state and local governments to report service efforts and accomplishments information in addition to a CAFR?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting for Governmental and Nonprofit Entities

ISBN: ?978-0073379609

15th Edition

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

See More Books

Question Posted: Dec 03, 2011 10:07 AM

See More Questions

Why are so many state and local governments greatly concerned about the Federal governments allegedly lax enforcement of the immigration laws and congressional proposals to grant legal status...
State and local governments often poll their constituents about their views on the economy. In two polls taken approximately 1 year apart, ONeil Associates asked 600 Maricopa County, Arizona,...
Why do state and local governments have to comply with most of the provisions in the Bill of Rights when the document begins with Congress shall make no law?
What is project scoping? Why is it important to good problem solving?
The following transactions apply to Bob's Bike Shop for 2016, its first year of operations: 1. Acquired $35,000 cash from the issue of common stock. 2. Acquired $9,600 of merchandise from Bob Hall,...
Where does a ResultSet objects cursor initially point? How do you move the cursor forward in the result set?
Suppose the probabilities are 0.89,0.09, and 0.02 that the finish on a new car will be rated acceptable, easily repairable, or unacceptable. Find the probability that, among 20 cars painted one...
IHOP Corporation franchises breakfast-oriented restaurants throughout North America. The average development costs for a new restaurant were reported by IHOP as follows: Land ............. $ 667,000...
Find the equations that have the given properties. Write your answers in slope-intercept form. Here is the point-slope formula: y-y = m(x-x) Show your work in the space provided below. 1. Find the...
A quality characteristic of interest for a tea bag filling process is the weight of the tea in the individual bags. If the bags are under filled, two problems arise. First, customers may not be able...
Summit Manufacturing, Inc produces snow shovels. The selling price per snow shovel is $30.00 Cash Involved in production are Direct material $5 Direct labor $4 Variable manufacturing overhead $3...
Interact CaseFASB. Go to the Financial Accounting Standards Boards Web site at ww-sfasb.org. List by number and name all FASB statements that specifically provide accounting and reporting guidance...
Calculate Paasche price indices for 2019 and 2020 using these data and 2010 as the base year. 2019 price ($) 2019 2010 price ($) 2020 2020 price ($) Item quantity 13 quantity 12 27.80 22.50 28.11...
Write about an example of immigration federalism. Show how Texas is trying to assert control over its border or immigration policy. Or, write about a US immigration law or policy that is affecting...
The main objective is use the Preterite . However, you can produce the Present Indicative to introduce your story's characters. Scenario: Last summer a student from went to Hawaii, and he/she created...
Jerome, Alwyn, and Floyd have decided to incorporate their partnership. They share profits in the ratio 30:40:30. The noncash assets of the firm are revalued to their fair values. The firm recognizes...
Owens company budget manufacturing calls for 50000 squares of shingles are as follow:Fixed manufacturing calls $15,000 Variable manufacturer $12.00 per square Qwens produced 40000 squares of shingles...
What do analysts want to find out in assessing accrual quality? Explain briefly.
Hydrogen-based fuel cells show promise as an alternative fuel source. They use a galvanic cell in which oxygen gas is supplied to one compartment and hydrogen gas to another. The reduction of O2 gas...
B made an issue of 150,000 $1 ordinary shares at a premium of 20% the proceeds of which is received by cheque. What is the correct journal to record this? A. Bank Share capital Share premium B. Bank...
Ogbonna and Harris (2014) take the case of an English premier league football club to illustrate how, despite an attempt by executives to transform the culture, the planned actions were impeded by...
Custer County receives pass-through funds from the states Department of Justice to assist in administering the federally funded Public Safety Partnership and Community Policing Grants program (also...
Custer County receives pass-through funds from the states Department of Justice to assist in administering the federally funded Public Safety Partnership and Community Policing Grants program (also...
Choose the best answer. 1. Under the hierarchy of GAAP for a state and local government, which of the following has the highest level of authority? a. AICPA Practice bulletins if specifically made...
Jorgansen Lighting, Incorporated, manufactures heavy-duty street lighting systems for municipalities. The company uses variable costing for internal management reports and absorption costing for...
Assume that the stock of South Gate Corporations sells for R108 and is expected to increase by a factor of 1.25 or decline by a factor of 0.83 in 10 months. As a portfolio analyst, you find a call...
Use the below information to calculate the profit or loss of a short call butterfly spread if the spot price of the underlying asset at maturity is R89.45. June 70 Call costs R1.18 June 70 Put costs...

Why does the GASB encourage state and local governments to report service efforts and accomplishments information in

Question:

Step by Step Answer:

The GASB recognizes that while financial information is helpful in assessi...View the full answer

Accounting for Governmental and Nonprofit Entities

Students also viewed these Accounting questions