Test Bank For Essentials of Accounting for Governmental and Not-for-Profit Organizations, 19th Edition All Chapters - 9781265618902

DOWNLOAD THE Test Bank for Essentials of Accounting for Governmental and No
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t for Profit Organizations 13th Edition Copley
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Chapter 2 Overview of Financial Reporting for State and Local Governmen
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ts

True/FalseNQuestions

1. ANComprehensiveNAnnualNFinancialNReportN(CAFR)NwouldNincludeNanNintroductoryNsecti
on,Nmanagement'sNdiscussionNandNanalysis,NbasicNfinancialNstatements,NrequiredNsuppleme
ntaryNinformationNotherNthanNMD&A,NcombiningNandNindividualNfundNstatements,Nnarrativ
eNexplanations,NandNstatisticalNsection.

Answer:NTrueNLearnin
gNObjective:N1
Topic:NOverviewNofNtheNCAFR
Feedback:N TheNCAFRNhasNthreeNmajorNsections;NintroductoryNwhichNincludesNMD&A,
NfinancialNwhichNincludesNbasicNfinancialNstatements,NRSINotherNthanNMD&A,Ncombini

ngNandNindividualNfundNstatementsNandNnarrativeNexplanations,NandNtheNstatisticalNsecti
on.

2. TheNthreeNmajorNsectionsNofNaNCAFRNareNtheNIntroductory,NFinancial,NandNStatistic
alNsections.

Answer:N TrueNLearni
ngNObjective:N1
Topic:NOverviewNofNtheNCAFR
Feedback:N TheNCAFRNhasNthreeNmajorNsections;Nintroductory,NfinancialNandNstatistical.

3. TheNintroductoryNandNstatisticalNsectionsNofNaNCAFRNareNrequiredNtoNbeNaudited.

Answer:N FalseNLearni
ngNObjective:N1
Topic:N OverviewNofNtheNCAFR
Feedback:NTheNintroductoryNandNstatisticalNsectionsNofNaNCAFRNareNnotNaudited.

4. StateNandNlocalNgovernmentsNareNnotNrequiredNtoNprepareNaNCAFR.

Answer:N TrueNLearni
ngNObjective:N1
Topic:NOverviewNofNtheNCAFR
Feedback:NStateNandNlocalNgovernmentsNareNencouraged,NbutNnotNrequired,NtoNprepareNaN
CAFR.

5. CombiningNstatementsNareNrequiredNwheneverNaNnon-
majorNcolumnNisNusedNinNoneNofNtheNfundNfinancialNstatements.

Answer:N TrueNLearni
1
CopyrightN©N2018NMcGraw-
HillNEducation.NAllNrightsNreserved.NNoNreproductionNorNdistributionNwithoutNtheNpriorNwrittenNconsentNofNMcGraw-
HillNEducation.

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,DOWNLOAD THE Test Bank for Essentials of Accounting for Governmental and No
N N N N N N N N N N N

t for Profit Organizations 13th Edition Copley
N N N N N N




ngNObjective:N 1




2
CopyrightN©N2018NMcGraw-
HillNEducation.NAllNrightsNreserved.NNoNreproductionNorNdistributionNwithoutNtheNpriorNwrittenNconsentNofNMcGraw-
HillNEducation.

mynursytest.store

,DOWNLOAD THE Test Bank for Essentials of Accounting for Governmental and No
N N N N N N N N N N N

t for Profit Organizations 13th Edition Copley
N N N N N N




Chapter 2 Overview of Financial Reporting for State and Local Governmen
N N N N N N N N N N


ts

Topic:NFundNbasisNstatements
Feedback:NANcompleteNCAFRNpresentsNcombiningNstatementsNtoNreflectNitsNnonmajorNf
undsNwheneverNaNnonmajorNcolumnNisNusedNinNoneNofNtheNfundNstatements.

6. ANcompleteNCAFRNincludesNcombiningNfinancialNstatementsNtoNreflectNnonmajorNfunds.

Answer:N TrueNLearni
ngNObjective:N1
Topic:NFundNbasisNstatements
Feedback:NANcompleteNCAFRNpresentsNcombiningNstatementsNtoNreflectNitsNnonmajorNf
undsNwheneverNaNnonmajorNcolumnNisNusedNinNoneNofNtheNfundNstatements.

7. InNadditionNtoNtheNgovernment-
wideNstatements,NgovernmentsNareNrequiredNtoNprepareNfundNfinancialNstatementsNforNgov
ernmental,NproprietaryNandNfiduciaryNfunds.

Answer:N TrueNLearni
ngNObjective:N1
Topic:NFundNbasisNstatements
Feedback:NInNadditionNtoNtheNgovernment-
wideNstatement,NgovernmentsNareNrequiredNtoNprepareNfund-
levelNfinancialNstatementsNwithinNtheNthreeNcategoriesNofNfunds:Ngovernmental,Npropriet
aryNandNfiduciary.

8. InNadditionNtoNtheNgovernment-
wideNstatements,NgovernmentsNareNrequiredNtoNprepareNfundNfinancialNstatementsNforNgov
ernmentalNfundsNonly.

Answer:N FalseNLearni
ngNObjective:N1
Topic:NFundNbasisNstatements
Feedback:NInNadditionNtoNtheNgovernment-
wideNstatement,NgovernmentsNareNrequiredNtoNprepareNfund-
levelNfinancialNstatementsNwithinNtheNthreeNcategoriesNofNfunds:Ngovernmental,Npropriet
aryNandNfiduciary.

9. TheNGeneralNFundNisNnotNalwaysNconsideredNtoNbeNaNmajorNfundNwhenNpreparingNfundNbas
isNfinancialNstatements.

Answer:N FalseNLearni
ngNObjective:N1
Topic:NReportingNbyNMajorNFunds
3
CopyrightN©N2018NMcGraw-
HillNEducation.NAllNrightsNreserved.NNoNreproductionNorNdistributionNwithoutNtheNpriorNwrittenNconsentNofNMcGraw-
HillNEducation.

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, DOWNLOAD THE Test Bank for Essentials of Accounting for Governmental and No
N N N N N N N N N N N

t for Profit Organizations 13th Edition Copley
N N N N N N




Feedback:NInNadditionNtoNtheNgovernment-
wideNstatement,NgovernmentsNareNrequiredNtoNprepareNfund-
levelNfinancialNstatementsNandNareNrequiredNtoNpresentNseparateNcolumnsNforNeachNmaj
orNfund.N TheNgeneralNfundNisNconsideredNaNmajorNfundNforNreportingNpurposes.




4
CopyrightN©N2018NMcGraw-
HillNEducation.NAllNrightsNreserved.NNoNreproductionNorNdistributionNwithoutNtheNpriorNwrittenNconsentNofNMcGraw-
HillNEducation.

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