reports required to be submitted by government entities to COA?

Q: 187. Which of the following funds should be reported as part of local government's governmental…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: 65. Which of the following inventories of a government entity would be subsequently measures at a…

A: Lower of cost and current replacement cost method is a method for valuation of inventory by which…

Q: Which of the following is true regarding the organization of the comprehensive annual financial…

A: The GASB is the board that provides the guideline to the governmental units about proper accounting…

Q: Which required SEC filing would a company use to share the following information?  "Our board of…

A: Answer: Correct answer is option a) proxy A proxy statement is filed by a publicly traded company .…

Q: The accounting division of a government entity uses this record and monitor the movements and…

A: Inventory is the asset that is held by the entity for the purpose of sale. It is reported in the…

Q: 6. Review whether the financial statements are presented fairly and in compliance with accounting…

A: Accounting is one of the key functions of an entity involving recording a transaction to evaluate…

Q: 39. The receipt of which of the following may not give rise to the revenue by a government entity?…

A: Revenues of the government entity means all income that is generated or received from outside by the…

Q: Government-wide financial statements make a distinction between program revenues and general…

A:

Q: In not more than five (5) sentences, explain the government's objective in implementing the Unified…

A: Unified Accounts Code Structure (UACS): The Unified Accounts Code System (UACS) is a unified…

Q: The following statements relate to the Board of Accountancy. Select the incorrect statement: A.…

A: The member of the board would be removed because of the negligence of duty, violation of rules and…

Q: Which of the following adjustments would likely be made when moving from governmental funds…

A: Government wide financial statement shows transactions for government based business. They measure…

Q: Which of the following is true about the management’s discussion and analysis (MD&A)? It is…

A: The correct answer is 2.

Q: The City of Francois, Texas, has begun the process of producing its current comprehensive annual…

A: Since the student has posted multiple questions, we shall answer the first three alone. Thank you.

Q: Which of the following is true regarding the government-wide financial statements? a. The…

A: Government-wide Financial statement: It is the statement of consists of a statement of net assets…

Q: 26. According to the Revised Chart of Accounts issued by COA, the “Subsidy from National Government”…

A: COA(  Chart of Accounts) is an Index of all the Financial Accounts in general ledger of a Company

Q: Which of these disclosures is not required by IAS 20? (a) The accounting policy adopted for…

A: IAS 20 is used for accounting of government grants and the government assistance received. This…

Q: GENERAL PROVISIONS, BASIC STANDARDS AND POLICIES OF GOVERNMENT ACCOUNTING IMPORTANCE AS A WHOLE AND…

A: In the public monetary administration cycle, bookkeeping follows planning and and surveying an…

Q: Summary of objectives under new government accounting system

A: New Government accounting system: It is a system in the government sector where the transactions are…

Q: Which of the following would result to an increase or decrease in the revenue reported by a…

A: The answer is provided as follows:

Q: . while governments are not required to issue interim financial reports, what role does interim…

A: The importance of interim with regard to government are being assessed.

Q: Net Assets…

A: It is the statement formed by non-profit organizations. It focuses on the revenues, and expenses of…

Q: Which pronouncements have the highest level of authority for state and local governments? A)…

A: Honor Code: Since you have asked multiple questions, we will solve only the first question for you.…

Q: 27. Which of the following is not one of the necessary closing entries of a government equity?…

A: Closing entries are those entries which are passed at the end of the financial period in order to…

Q: What is  the composition of a state or local government’s comprehensive annual financial report…

A: Comprehensive Annual Financial Report:   CAFR stands for "Comprehensive Annual Financial Report". A…

Q: Which of the following would typically not be included in the introductory section of a…

A: Comprehensive annual financial report: A Comprehensive annual financial report is a financial…

Q: Discuss the objectives of segmental information and the requirements for the disclosure of segmental…

A:

Q: Provide the required adjusting entries at the end of 2011, assuming that the December 31, 2011,…

A: Inventory recording can be done in various ways which is chosen by the business according to the…