F9 - Governmental Accounting Flashcards
The statement of activities of the government-wide financial statements is designed primarily to provide information to assess what type of accountability?
Operational accountability
Which type of government financial statements focus the user on fiscal accountability?
Fund financial statements
What would a government management’s discussion and analysis likely not include?
A reconciliation of fund financial statements and government-wide financial statements
Government-wide financial statements would include all government-wide activities associated with operational accountability for all activities except:
Fiduciary funds (PAPI)
How often should the assessed condition of the infrastructure and the estimated annual amount to maintain and preserve the condition level established be updated?
Updated once every three years
Under governmental cash flows, in which category would payments in lieu of taxes be classified?
Operating