Based on the Business You Selected to Start in Skill-Development

question 114

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Based on the business you selected to start in Skill-Development Exercise 1, as part of the strategy formulation, identify your business's core competencies. Be sure to answer the questions, "What will your business do better or different than your competitors? Why should someone do business with you rather than your competitors?"

Recognize the treatment and reporting requirements for various types of governmental fund transactions including bond issuances, purchases, and grants.

Understand the concepts underpinning governmental accounting standards, including classification and reporting of fund balances.

Grasp the budgeting process within governmental accounting including preparation and amendment of budgets.

Learn about special assessments and accounting for special revenue funds.

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Definitions:

Closed Fracture

A type of bone fracture where the skin remains intact and there is no open wound over the fracture site.

Acute Abdominal Pain

A sudden onset of severe pain located in the abdomen which may indicate a serious condition.

EMS

Emergency Medical Services, a system that provides urgent pre-hospital treatment and stabilization for serious illness and injuries and transport to definitive care.

Petty Cash Fund

A small amount of cash kept on hand for making immediate payments for miscellaneous small expenses.