When Conducting a Payback Analysis,the Time It Takes for the Accumulated

question 13

True/False

When conducting a payback analysis,the time it takes for the accumulated benefits of an information system to equal the accumulated costs of developing and operating the system is calculated.

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Definitions:

Fund Balance―Nonspendable

The portion of a government's fund balance that cannot be spent because it is either not in spendable form or legally or contractually required to be maintained intact.

General Fund

A primary accounting fund used by a government to record its general operating revenues and expenses.

Fund Balance

The net assets of a governmental fund calculated as the difference between fund assets and liabilities, reflecting the financial position of the fund.