Financial Reporting - Measurement Focus

Card Set Information

Author:
playboy35
ID:
130250
Filename:
Financial Reporting - Measurement Focus
Updated:
2012-01-24 14:23:27
Tags:
CGFO Financial Reporting Budget Measurement Focus
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Description:
Measurement Focus
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The flashcards below were created by user playboy35 on FreezingBlue Flashcards. What would you like to do?


  1. What are the 2 types of transactions that are measured?
    • –Economic resources
    • Proprietary & fiduciary funds

    • –Current financial resources
    • Governmental funds
  2. What does economic resources measure?
    • –Measure inflows & outflows of economic resources
    • Current (i.e. financial ) & noncurrent (i.e. economic)
    • Capital assets & long-term debt
  3. What does economic resources focus on?
    • –Focuses on operational accountability
    • Whether management efficiently uses resources in providing services

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