Which Organization Has the Authority to Establish Generally Accepted Accounting

question 62

Multiple Choice

Which organization has the authority to establish generally accepted accounting principles for state and local government entities?

• A)The National Council on Governmental Accounting
• B)The Governmental Accounting Standards Board
• C)The Financial Accounting Standards Board
• D)The Municipal Officers Finance Organization

---

Definitions:

Workplace

Refers to the physical or virtual location where employees perform their job duties, encompassing various environments such as offices, factories, or remote settings.

Emotional Intelligence

The ability to understand, manage, and use one’s own emotions in positive ways to communicate effectively, empathize with others, and overcome challenges.

Heredity

The passing on of physical or mental traits genetically from one generation to another.