In Addition to the Fund Basis Statement, GASB Requires Government-Wide

question 55

True/False

In addition to the fund basis statement, GASB requires government-wide statements that are prepared using the accrual basis and the current financial resources measurement focus.

---

Definitions:

Trial Closes

Techniques used by salespeople to gauge a prospect's interest or readiness to buy, typically by asking indirect questions or making suggestions that prompt the prospect to reveal their level of interest.

Memorized Sales Presentation

A memorized sales presentation is a scripted pitch that a salesperson has learned by heart to deliver to potential buyers.

Visual Aids

Tools and materials, such as slides, videos, and models, designed to enhance audience understanding of a presentation's key points.

Logical Information

Data or facts that are coherent and consistent, following a clear, reasoned pattern.