FAR 8 1 B

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Joens1313
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226419
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FAR 8 1 B
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2013-07-09 02:10:11
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FAR 8 1 B
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  1. fund accounting is used by governmental units with resources that must be what?
    Segregated for the purpose of carrying on specific activities or attaining certain objectives
  2. for governmental fund types what is considered the primary measurement focus?
    current financial resources
  3. income determination is a focus of -----------------------------funds
    proprietary
  4. capital maintenance is the measurement focus used in -----------------------------funds
    proprietary
  5. measurement of cash flows and balances is a focus of -----------------------------funds
    proprietary
  6. The governmental fund measurement focus is on the determination of ----------------------- and current financial resources
    financial position
  7. The governmental fund measurement focus is on the determination of Financial position and --------------------------------
    current financial resources
  8. the orientation of accounting and reporting for all proprietary funds of governmental units is ---------------------
    income determination
  9. ----------------------- focus on the flow of funds
    governmental funds
  10. governmental funds focus on the -------- of funds
    flow
  11. the primary emphasis in accounting and reporting for governmental funds is on what?
    source use and balance of current financial resources
  12. the measurement focus prescribed by GASB standards for all governmental funds is the --------------------------------- focus which measures source use and balance of current financial resources
    flow of current financial resources
  13. special revenue funds are governmental funds which use the -------------------------- of accounting
    modified accrual basis
  14. the capital projects fund uses the ---------------------------------- of accounting
    modified accrual basis
  15. the general fund uses the modified accrual basis of accounting which recognizes revenues in the ------------------------ in which they become available and measurable.
    accounting period
  16. the general fund uses the modified accrual basis of accounting which recognizes revenues in the accounting period in which they become ------------------- and -----------------.
    available, measureable
  17. the general fund uses the modified accrual basis of accounting which ----------------------- in the accounting period in which they become available and measurable.
    recognizes revenues
  18. the general fund uses the ------------------------ of accounting which recognizes revenues in the accounting period in which they become available and measurable.
    modified accrual basis
  19. compensated absence liability should be calculated based upon the pay or salary rates at the -------------------------.
    balance sheet date
  20. general funds resources that are limited as to use by constraints imposed by law through constitutional or enabling legislation would be classified within fund balances as
    restricted
  21. the only fund that should show a positive amount in tis unassigned fund balance classification would be what?
    general fund
  22. ------------------------ fund balances represent resources in a form that cannot be spent or are legally or contractually required to remain whole.
    non-spendable
  23. if expenditures incurred for specific purposes exceed the amounts restricted committed or assigned to those purposes it may be necessary to report a -----------------------------------
    negative unassigned fund balance
  24. debt service fund resources that are subject to the terms and conditions of a bond indenture would be classified within fund balances as what
    restricted
  25. -------------------------------represent resources whose use has been limited by such external sources as creditors contributors other governments laws constitutional provisions or enabling legislation.
    restricted fund balances
  26. a permanent fund uses -----------------------------------------accounting
    modified accrual
  27. an enterprise fund is a ----------------- and uses full accrual accounting
    proprietary fund
  28. an enterprise fund is a proprietary fund and uses ----------------------- accounting
    full accrual
  29. a internal service fund is a proprietary fund and uses --------------------- accounting
    full accrual
  30. a internal service fund is a ------------------------ and uses full accrual accounting
    proprietary fund
  31. a internal service fund is a proprietary fund and uses ----------------------- accounting
    full accrual
  32. a private purpose fund is a ---------------- and uses full accrual accounting
    fiduciary fund
  33. a private purpose fund is a fiduciary fund and uses ---------------------- accounting
    full accrual

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