In the Chapters That Discuss Governmental Fund-Types,it Is Assumed That

question 43

Essay

In the chapters that discuss governmental fund-types,it is assumed that budgets are prepared on the modified accrual basis.Examples in those chapters also assume that the perspective of the budget is the fund,and that revenue budgets are prepared by source and appropriations budgets are prepared by function.From the standpoint of financial management of a government,state what objectives are served by preparation of budgets on the same basis as financial statements.

---

Definitions:

Egocentrism

A cognitive characteristic where an individual has difficulty understanding or appreciating viewpoints other than their own, often seen in early childhood development.

Insecure Attachment

A type of attachment style where individuals are likely to have difficulty trusting others, fear abandonment, and struggle with intimacy in relationships.

Egocentrism

A cognitive trait where an individual is unable to distinguish between their own perspective and that of others, often seen in early childhood and adolescence.

Conservation

The understanding in child development that quantity does not change despite changes in form or appearance, also applies to environmental preservation efforts.