Explain Why Other Comprehensive Bases of Accounting (OCBOA)may Be Used

question 22

Essay

Explain why other comprehensive bases of accounting (OCBOA)may be used by a state or local government instead of GASB standards which are generally accepted accounting principles (GAAP).

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Definitions:

Glass Ceiling

An invisible barrier that prevents certain individuals, often women and minorities, from rising to the upper rungs of the corporate ladder, regardless of qualifications or achievements.

Leadership Positions

Roles or titles within an organization that hold responsibility for guiding, directing, and influencing others.

Glass Ceiling

An unofficial barrier to advancement in a profession, especially affecting women and members of minorities.

Hostile Working Environment

A workplace where harassment and unwelcome conduct make it difficult for employees to work effectively.