
Governments can, in part, demonstrate operational accountability by reporting proprietary and fiduciary fund financial information, as well as all government-wide financial information, using an economic resources measurement focus and the accrual basis of accounting.
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Q7: Deferred outflow of resources is a type
Q8: According to the guidance of GASB Concepts
Q9: An expenditure is an example of what
Q10: Governmental funds are identical to governmental activities,
Q11: When revenues are legally restricted by external
Q13: Only those governmental and proprietary funds that
Q14: Expenditures are never recorded in governmental funds.
Q15: According to GASB Concepts Statement 1 a
Q16: Because budgetary accounts are used by governments,
Q17: The types of funds that may be
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