GASB No 34 Makes Which of the Following Statements Regarding Management's

question 36

Multiple Choice

GASB No. 34 makes which of the following statements regarding Management's Discussion and Analysis?

• A) MD&A is required only for Proprietary Fund Financial Statements.
• B) MD&A is required for all state and local government financial statements.
• C) MD&A is only required for comprehensive annual financial reports.
• D) MD&A for state and local government financial statements must include an analysis of potential, untapped revenue sources.
• E) MD&A is an optional inclusion for state and local government financial statements.

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Definitions:

Indirect Approach

A communication strategy that addresses the main point or request after providing background information, often used to soften the impact.

Opening

The initial part or phase of an event, activity, or period of time, often setting the tone for what follows.

Defamation

The act of damaging someone's reputation by making false and harmful statements.

Direct Approach

A straightforward and candid way of dealing with situations or communicating with others, without evading or being indirect.