Ch10-Acct for Gov and NonProfit Ent 15e

Ch10-Acct for Gov and NonProfit Ent 15e - COURSES >...

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Add, modify, and remove questions. Select a question type from the Add Question drop-down list and click Go to add questions. Use Creation Settings to establish which default options, such as feedback and images, are available for question creation. COURSES > ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ENTITIES:, 15/E - WILSON > CONTROL PANEL > POOL MANAGER > POOL CANVAS Pool Canvas Add Multiple Choice Creation Settings Name Chapter 10 Analysis of Governmental Financial Performance Description Questions which Blackboard's assessment component is incapable of supporting are not included in the export. Instructions Add Question Here Question 1 True/False Question An effective system of monitoring financial condition may permit management to identify unfavorable financial trends in sufficient time to take preventive action to avoid financial distress. Answer True False Correct Feedback Monitoring effectively will contribute to a government's ability to identify potential problem areas and take action in order to avoid financial crises. Incorrect Feedback Monitoring effectively will contribute to a government's ability to identify potential problem areas and take action in order to avoid financial crises. Add Question Here Question 2 True/False Question There is more emphasis on compliance with generally accepted accounting principles today than there was in 1975 around the time of New York City's default on several billions of short-term debt. Answer True False Correct Feedback Today financial statements prepared in accordance with generally accepted accounting principles are considered an essential component of accountability for public funds. Compliance with GAAP was the exception rather than the norm in the mid 1970s. Incorrect Feedback Today financial statements prepared in accordance with generally accepted accounting principles are considered an essential component of accountability for public funds. Compliance with GAAP was the exception rather than the norm in the mid 1970s. Add Question Here Question 3 True/False Question The key cause of municipal financial crises is the failure of management to raise taxes quickly enough in response to adverse environmental factors. Answer True False Correct Feedback The primary cause of municipal financial crises is the failure of management to revise fiscal policies appropriately in response to adverse environmental factors. Incorrect Feedback The primary cause of municipal financial crises is the failure of management to revise fiscal policies appropriately in response to adverse environmental factors. Add Question Here Question 4 True/False Question Internal managers and credit analysts evaluate financial condition of a government in the same way. Answer
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This note was uploaded on 09/25/2011 for the course ACCT 3000-5000 taught by Professor Faker during the Spring '11 term at Texas Woman's University.

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Ch10-Acct for Gov and NonProfit Ent 15e - COURSES >...

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