What are the three conditions to become a Fiscally independent? In terms of the reporting entity of government accounts.
A special pupose government must also demonstrate that it is fiscally independent of other or local governments to be considered a primary government. A special government is considered to be fiscally independent if it has the ability to complete certain essential fiscal events without substantive approval by primary government. A special government is fiscal independent if it has the authority to do all the following ;
1. determine its budget without another government’s having the authority to approve and modify that budget.
2. levy taxes or set rates or charges without approval by another government.
3. issue bonded debt without the approval of another government.
What are the three conditions to become a Fiscally independent? In terms of the reporting entity...
What two conditions must be met before an entity can be classified as a weak entity? Give an example of a weak entity. What three (often conflicting) database requirements must be addressed in database design? 200 words for each answer
What are the unique financial reporting implications of the Partnership entity in comparison with the Proprietorship and Corporate structures? How does the closing process differ for the Partnership?
mcq What the reporting entity should display in the statement of change in net assets: 1- Assets, liabilities and net assets of the entity preparing the financial statements at the end of the fiscal year 2- The surplus or deficit for the financial period for which the change in the net assets list is prepared 3- Income and expenses of the entity preparing the financial statements at the end of the fiscal year 4- Assets and expenses of the entity...
Question 46 Not yet answered Marked out of 4.00 Discuss what an entity is in terms of systems documentation and what the distinction of internal and external entity is dependent on.
An independent auditor is issuing an audit report for a governmental entity and plans to issue separate reports on internal control over financial reporting and compliance with laws and regulations. The auditor should do which of the following? Group of answer choices Report to the governing authority that separate reports will be issued. Issue the same opinion in each report. State in the audit report that separate reports will be issued. Obtain permission from the audit committee to issue separate...
Using superposition, construct a function for Io in terms of the three independent current sources (I2, I4, and I6). 2) Using superposition, construct a function for lo in terms of the three independent current sources (12, l4, and le). 2 mA 4 mA 6 mA
An independent-measures research study compares three treatment conditions using a sample of n = 5 in each treatment. For this study, the three samples have SS1 = 10,SS2 = 20, and SS3 = 15. What value would be obtained for MSwithin?a. 45/14b. 45/12c. 10/2d. 10/3
An independent-measures research study compares three treatment conditions using a sample of n = 7 in each treatment. For this study, the three samples have SS1 = 15, SS2 = 25, and SS3 = 10. What value would be obtained for MSwithin? 50/18 50/20 50/2 3750/3
What is it important for a nurse leader to understand variance reporting? How does this reporting become a valuable tool?
Which of the following statements is false? A)With respect to fund basis financial statements, a government may designate any fund to be a major fund if reporting that fund separately would be useful. B)When preparing fund basis financial statements, any funds not reported separately are aggregated and reported in a single column under the label non-major funds. C)When preparing fund basis financial statements, any funds not reported separately are reported by function. D)In addition to the government-wide statements, governments are...