If the Accounting Treatment for a Given Transaction Is Not

question 62

True/False

If the accounting treatment for a given transaction is not specified by a GASB pronouncement, a government may use nonauthoritative sources for guidance, including FASB standards dealing with similar events.

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Definitions:

Employee-assistance Programs

Workplace initiatives designed to help employees deal with personal problems that might adversely impact their work performance, health, and well-being.

Psychological Disorders

A wide range of conditions that affect mood, thinking, and behavior, often leading to distress or impairment in daily life.

Twelve-step Programs

A set of guiding principles outlining a course of action for recovery from addiction, compulsion, or other behavioral problems.

Technological Multitasking

The act of handling multiple technology-based tasks at the same time, such as texting while browsing the internet.