Identify the government agency responsible for compiling us

Assignment Help Accounting Basics
Reference no: EM131068816

Accounting Standards in the U.S. Federal Government

Go the FASAB Website, located at www.FASAB.gov. Navigate to the "Our Mission" section under the "About" tab, the minutes of recent meetings from the "Board Activities" tab, and the current "Standards" section to prepare to discuss the following topics:

• Describe the make-up and selection process of the Board that disseminates federal accounting standards.

• Separate accounting standards exist for the U.S. Federal Government in contrast to state and local governments; discuss why this is necessary.

• Identify the government agency responsible for compiling the U.S. Federal Government financial reports and the agency responsible for auditing the reports.

• must be a minimum of 75 words.

Reference no: EM131068816

Questions Cloud

What are the benefits and risks of globalizing : The decision to globalize operations is very complex and not without risks. Choose a company that has not yet globalized. How would you decide if the best option is to expand globally? What are the benefits and risks of globalizing for the company..
Question regarding the population standard deviations : Pooling is used in calculating the standard error for the difference between means when the population standard deviations are unknown, for which of the following reasons?
What impact might history on future of field of psychology : What impact might history have on the future of the field of psychology. What is the most important concept you have learned in our time together in class?
Discuss the various types of bonds : Assume that your neighbor wishes to buy bonds for her grandchildren. Knowing that you are a business student, she asks you which type of bond she should purchase. Discuss the various types of bonds that she can choose, how they are different, and how..
Identify the government agency responsible for compiling us : Identify the government agency responsible for compiling the U.S. Federal Government financial reports and the agency responsible for auditing the reports.
Knowing the location and status of inventory and resources : Which of the following levels of supply chain information systems is most likely to provide the firm with a competitive advantage?
The board of directors using voiceover : You are the chief internal auditor of your company. Create a PowerPoint presentation to the board of directors using voiceover or provide detailed notes to your slides pertaining to any fraud topic . The presentation must be 15–20 slides (excluding c..
Calculate the debt-to-assets ratio : Assume you are given the following relationship for Haslam Corp. Sales/total Assets 2 Return on Assets 2% Return on Equity 5% 1. Calculate Haslam profit Margin. Do Not round Intermediate calculations. 2. Calculate Haslams Liabilities-to-assets-ratio...
Types of operational or security-related activities : What types of operational or security-related activities in an organization would benefit more from little or no externally-prescribed standards?

Reviews

Write a Review

Accounting Basics Questions & Answers

  National products corporation participates in a highly

national products corporation participates in a highly competitive industry. in order to meet this competition and

  Sources of panama growth

Judging from the experience of Singapore, if Panama is to maintain these high growth rates, what needs to be true about the sources of Panama's growth?

  Indicate whether each procedure represents a strength

Indicate whether each procedure represents a strength or weakness. Explain your reasons. For each weakness, describe a change in procedures that would address the weakness.

  Fowler company on july 15 sells merchandise on account to

fowler company on july 15 sells merchandise on account to coffey co. for 1000 terms 210 n30. on july 20 coffey co.

  Harrison clothiers stock currently sells for 20 a share it

harrison clothiers stock currently sells for 20 a share. it just paid a dividend of 1.00 a share. the dividend is

  A targeted and focused concealed asset investigation

A targeted and focused concealed asset investigation (part of asset tracing) includes identifying, locating, and defining the manner by which concealed assets are believed to be held by the targets or his fronts. Concealed assets not only mean rea..

  The company is now in the process of preparing a production

crystal telecom has budgeted the sales of its innovative mobile phone over the next four months as followssales in

  Example of revenue expenditure

Which of the following is an example of Revenue Expenditure?

  Ratio of servable weight to original weight

What is the yield ratio (ratio of servable weight to original weight) for each round? What do the percentage numbers generated in the above calculations mean?

  How a long-term asset is depreciated can have a rather

how a long-term asset is depreciated can have a rather sharp result especially for capital-intensive companies. as a

  What are the calculations for direct materials direct labor

what are the calculations for direct materials direct labor mfg overhead total mfg cost begninning work in process

  Fletcher inc produces hair brushes the selling price is 20

fletcher inc. produces hair brushes. the selling price is 20 per unit and the variable costs are 8 per brush. fixed

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd