Match the Following Definitions to the Appropriate Government Accounting Terms

question 26

Essay

Match the following definitions to the appropriate government accounting terms (numbered below).
A.Legally separate organization for which primary government is financially accountable
B.The use of governmental fund working capital
C.Appropriation for a specific time period
D.Governmental and Proprietary fund revenues and expenses presented using full accrual accounting
E.Approved or authorized expenditures
F.Revenues recognized when available to meet current obligations
G.Self-balancing set of accounts
H.Each state government and each general-purpose local government
I.The responsibility to demonstrate compliance with public decisions with regard to the use of financial resources
J.Governmental and Internal Service Funds assets and liabilities presented together
________ 1.Modified Accrual Basis
________ 2.Fund
________ 3.Primary Government
________ 4.Appropriation
________ 5.Statement of Net Assets
________ 6.Fiscal Accountability
________ 7.Allotment
________ 8.Component Unit
________ 9.Statement of Activities
________ 10.Expenditures

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Definitions:

Reactive Problem Solving

A method of addressing issues as they occur, rather than anticipating and planning for potential problems.

Purchasing Generators

Refers to the process of acquiring generators, which are machines that convert mechanical energy into electrical energy, for use in various applications.

Contingency Plan

A prepared strategy or procedure designed to address possible future events or circumstances that may disrupt normal operations or require a swift response.

Monitoring

The process of systematically tracking performance or quality over time with the aim of making improvements.