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1. The Governmental Accounting Standards Board (GASB) is a private, nonprofit organization formed in 1984 to develop and improve accounting and financial standards for state and local governments. In June, 1999, GASB approved GASB-34, entitled Basic Financial Statements-and Managements Discussion and Analysis- for State and Local Governments. This statement establishes new requirements for the annual financial reports of state and local governments.
There are approximately six major requirements outlined in GASB-34 - one of these is "Required Supplementary Information" (RSI). Describe this requirement and discuss the changes in reporting requirements RSI now requires of state and local governments. 2. GASB-34 requires that state and local governments will include a Management Discussion and Analysis (MD&A) section preceding the basic financial statements. Describe and discuss this requirement and compare this requirement with the SB-2 Report - (MD&A) as required by SOX.
Is the custody of checks after signature and before mailing handled by an employee independent of all payable, disbursing, cash, and general ledger functions?
Harry comes to Cal and asks for a letter of recommendation.
Compute a 98% confidence interval for the national average error based on these sample results. Assume the travel agent errors are normally distributed in the population. How wide is the interval? Interpret the interval.
mystic inc. uses a job order costing system and applies overhead to jobs at a predetermined rate of 4.25 per direct
in july 2010 zinger corp purchased 20000 gallons of numerol for 61000 to use in the production of product 43mr7.
There are several factors that affect an audit firm's risk and therefore acceptable audit risk. What are these factors? How do they affect our audit planning?
santana rey created business solutions on october 1 2011. the company has been successful and santana plans to expand
for each of the following scenarios provide an explanation that focuses on the critical performance factors highlighted
Aneko Company reports the following ($ 000s): net sales of $ 14,800 for 2013 and $ 13,990 for 2012; end of year total assets of $ 19,100 for 2013 and $ 17,900 for 2012. Compute its total asset turnover for 2013, and assess its level if competitors av..
using the following information compute total revenues.nbspnbspcaution not all of the items listed should be included
radial manufacturing inc. had sales of 2340100 for the first quarter of 2012. in making the sales the company incurred
A manufacturing company makes the products that it sells. Briefly identify and define the cost elements that are incurred in making a product. After product cost elements are identified, how is the cost of goods manufactured for a period determine..
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