In the Governmental Fund Types, Expenditures Are Generally Recognized When

question 81

Essay

In the governmental fund types, expenditures are generally recognized when resources are acquired. Liabilities are generally recognized if they will be liquidated with available expendable financial resources. Define "available." Relate the definition of available to the recognition of liabilities and expenditures in governmental fund financial statements. Discuss the reporting deficiencies that are directly associated with the use of the available criterion in the governmental funds.

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Definitions:

Primary Reinforcer

A stimulus that satisfies a basic biological need, such as food, water, or shelter, which is inherently rewarding.

Token Economy

A behavioral modification technique based on systematic reinforcement, using tokens as a form of currency that can be exchanged for desired rewards.

Shaping

The process of reinforcing successive approximations of a desired behavior to teach new behaviors.

Classical Conditioning

A learning process wherein a neutral stimulus becomes associated with a meaningful stimulus and acquires the capacity to elicit similar responses.