Examlex
Observation checklists should have all of the following characteristics except _____.
Governmental Fund Financial Statements
Financial reports that detail the financial position and results of operations for the governmental funds of a public entity.
Modified Accrual
An accounting method that combines elements of both cash and accrual accounting, recognizing revenues when they become available and measurable and expenses when incurred.
Capital Assets
Long-term assets such as buildings, land, or equipment, which are used in the operations of a business and are not intended for sale in the regular course of business.
CAFR
Comprehensive Annual Financial Report; a set of government financial statements that goes beyond the requirements of generally accepted accounting principles, including details on all funds and activities.
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