These are established by the governing board, and they may identify allowable ranges for specific financial indicators or ratios, for example, liquidity, debt, or assets held in the endowment fund.
A) Accountability and regulatory compliance policies
B) Financial and financial management policies
C) Spending limits
D) Statements of financial positions

Question

Quizplus · Accepted Answer

Financial and financial management policies are the policies that establish allowable ranges for specific financial indicators or ratios such as liquidity, debt, or assets held in the endowment fund. These policies provide guidance for the management and governance of financial resources within an organization.

These Are Established by the Governing Board, and They May