Governmental Accounting Differs from Corporate Financial Accounting Primarily Because

question 35

Multiple Choice

Governmental accounting differs from corporate financial accounting primarily because

• A)the size of the government and the various levels would make it unreasonable to use corporate GAAP.
• B)governments lack a profit motive and must focus on accountability to the public they serve.
• C)the government has no stakeholders who require financial reporting.
• D)the government has too many types of organizations to use one type of corporate GAAP.

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Definitions:

Job Demands

The physical, psychological, social, or organizational aspects of a job that require sustained physical or mental effort.

Growth Need Strength

An individual's desire for personal development, particularly in the context of their professional life or work environment.

Moderating Variable

A variable that affects the nature of the relationship between an independent and a dependent variable such that the relationship depends on the level of the moderating variable.

Task Variety

The degree to which a job encompasses a variety of different activities requiring different skills and talents.