Communities of Practice Refer to Groups of People Who Share

question 25

True/False

Communities of practice refer to groups of people who share a concern,a set of problems,or a passion about a topic,and who deepen their knowledge and expertise in that area by interacting on an ongoing basis.

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Definitions:

Modified Accrual Accounting

An accounting method that combines elements of both accrual and cash basis accounting, recognizing revenues when they are available and measurable, and expenses when incurred.

Realizable

Refers to assets that can be easily converted into cash or are expected to be sold without significant delay or loss in value.

Modified Accrual Accounting

An accounting method that recognizes revenues when they become available and measurable and expenses when they are incurred, used often by government entities.