The Body Currently Responsible for Developing Local Governmental Accounting Standards

question 4

Multiple Choice

The body currently responsible for developing local governmental accounting standards is the

• A) Financial Accounting Standards Board (FASB)
• B) Governmental Accounting Standards Board (GASB)
• C) National Council on Governmental Accounting (NCGA)
• D) Governmental Finance Officers Association (GFOA)

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Definitions:

Integration

The process of combining or coordinating separate elements or substances to create a unified whole, often used in reference to social and psychological processes.

Minority Person

An individual belonging to a segment of a population that differs from the majority in cultural, national, racial, religious, linguistic, or sexual characteristics.

Dominant Culture

The culture of the most powerful, widespread, or influential group within a society that sets norms and standards.

Acculturation

The process of cultural change and psychological change that occurs when two cultures meet.