For NFPs with a GAAP Constraint, the CICA Handbook ________

question 39

Multiple Choice

For NFPs with a GAAP constraint, the CICA Handbook ________.

• A)permits disbursement basis accounting
• B)permits disbursement or expense basis accounting
• C)requires expenditure basis accounting
• D)requires expense basis accounting

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Definitions:

Environmentally Preferable Purchasing (EPP) Program

A procurement policy that emphasizes buying products and services with a reduced environmental impact.

Federal Procurement

Federal procurement involves the process by which government departments or agencies purchase goods, services, and works from the private sector.

Offshore Sourcing

The procurement of goods or services from suppliers located in countries other than the buyer's, often for cost saving purposes.

Global Supplier

A supplier that provides goods or services to companies in multiple countries, often involved in international trade.