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h
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Studenthname:__________h
TRUE/FALSEh-hWriteh'T'hifhthehstatementhishtruehandh'F'hifhthehstatementhishfalse.h
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narrativehexplanations,handhstatisticalhsection.
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ThehthreehmajorhsectionshofhahCAFRharehthehIntroductory,hFinancial,handhStatisticalh
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StatehandhlocalhgovernmentsharehnothrequiredhtohpreparehahCAFR.
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Withhrespecthtohfundhbasishfinancialhstatements,hahgovernmenthmayhdesignatehanyhfundhtoh
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DOWNLOADhTHEhTesthBankhforhEssentialshofhAccountinghforhGovernmental
hhhhhhhhandhNot-for-ProfithOrganizationsh14thhEditionhCopley
mynursytest.store
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Studenthname:__________h
TRUE/FALSEh-hWriteh'T'hifhthehstatementhishtruehandh'F'hifhthehstatementhishfalse.h
1)h
AhComprehensivehAnnualhFinancialhReporth(CAFR)hwouldhincludehanhintroductoryh
section,hmanagement'shdiscussionhandhanalysis,hbasichfinancialhstatements,hrequiredh
supplementaryhinformationhotherhthanhMD&A,hcombininghandhindividualhfundhstatements,h
narrativehexplanations,handhstatisticalhsection.
h
⊚h
trueh
h
⊚h
falseh
h
h
2)h
ThehthreehmajorhsectionshofhahCAFRharehthehIntroductory,hFinancial,handhStatisticalh
sections.
h
⊚h
trueh
h
⊚h
falseh
h
h
3)h
ThehintroductoryhandhstatisticalhsectionshofhahCAFRharehrequiredhtohbehaudited.
h
⊚h
trueh
h
⊚h
falseh
h
h
4)h
StatehandhlocalhgovernmentsharehnothrequiredhtohpreparehahCAFR.
h
⊚h
trueh
h
⊚h
falseh
h
,h
5)h
Combininghstatementsharehrequiredhwheneverhahnon-majorhcolumnhishusedhinhonehofhtheh
fundhfinancialhstatements.
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⊚h
trueh
h
⊚h
falseh
h
h
6)h
AhcompletehCAFRhincludeshcombininghfinancialhstatementshtohreflecthgreaterhdetailhofh
nonmajorhfunds.
h
⊚h
trueh
h
⊚h
falseh
DOWNLOADhTHEhTesthBankhforhEssentialshofhAccountinghforhGovernmental
hhhhhhhhandhNot-for-ProfithOrganizationsh14thhEditionhCopley
mynursytest.store
Versionh1h
h
h
h
h
h
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h
h
h
h
2h
h
h
7)h
Inhadditionhtohthehgovernment-
widehstatements,hgovernmentsharehrequiredhtohpreparehfundh
financialhstatementshforhgovernmental,hproprietaryhandhfiduciaryhfunds.
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⊚h
trueh
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Inhadditionhtohthehgovernment-
widehstatements,hgovernmentsharehrequiredhtohpreparehfundh
financialhstatementshforhgovernmentalhfundshonly.
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ThehGeneralhFundhishnothalwayshconsideredhtohbehahmajorhfundhwhenhpreparinghfundhbasish
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Withhrespecthtohfundhbasishfinancialhstatements,hgovernmentalhfundsharehconsideredhtohbeh
ahmajorhfundhwhenhtotalhassets,hliabilities,hrevenueshandhexpenditureshcombinedharehathleast
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Withhrespecthtohfundhbasishfinancialhstatements,hahgovernmenthmayhonlyhdesignatehahfundh
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Withhrespecthtohfundhbasishfinancialhstatements,hahgovernmenthmayhdesignatehanyhfundhtoh
behahmajorhfundhifhreportinghthathfundhseparatelyhwouldhbehuseful.
DOWNLOADhTHEhTesthBankhforhEssentialshofhAccountinghforhGovernmental
hhhhhhhhandhNot-for-ProfithOrganizationsh14thhEditionhCopley
mynursytest.store
Versionh1h
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h
h
h
h
h
h
h
, h
h
3h
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Whenhpreparinghfundhbasishfinancialhstatements,hfundshnothreportedhseparatelyhareh
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Whenhpreparinghfundhbasishfinancialhstatements,hfundshnothreportedhseparatelyhareh
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Fiduciaryhfundhstatementsharehpreparedhusinghthehcurrenthfinancialhresourceshmeasurement
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