In the chapters that discuss governmental fund-types,it is assumed that budgets are prepared on the modified accrual basis.Examples in those chapters also assume that the perspective of the budget is the fund,and that revenue budgets are prepared by source and appropriations budgets are prepared by function.From the standpoint of financial management of a government,state what objectives are served by preparation of budgets on the same basis as financial statements.

Question

Quizplus · Accepted Answer

The Answer of In the chapters that discuss governmental fund-types,it is assumed that budgets are prepared on the modified accrual basis.Examples in those chapters also assume that the perspective of the budget is the fund,and that revenue budgets are prepared by source and appropriations budgets are prepared by function.From the standpoint of financial management of a government,state what objectives are served by preparation of budgets on the same basis as financial statements.

In the Chapters That Discuss Governmental Fund-Types,it Is Assumed That