With Respect to Budgetary Reporting by Governments, Which of the Following

question 73

Multiple Choice

With respect to budgetary reporting by governments, which of the following is not true?

• A) While GASB standards guide the format of the comparison, it does not require governments to maintain budgetary accounts.
• B) The basis of accounting used to report the "Actual" column in the budgetary comparison schedule is prepared according to legal requirements for budget preparation; even if it is a departure from GASB standards.
• C) Budgetary accounts are required to appear in the general purpose financial statements.
• D) GASB standards require governments to present a comparison of budgeted and actual results for the General Fund and special revenue funds with legally adopted budgets.

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Definitions:

Job Performance

Refers to the degree to which an employee successfully fulfills the roles, obligations, and expectations of their position.

Situational Factors

refer to external conditions or circumstances that can influence individual behavior and decision-making processes.

Non-Recyclable Waste

Waste material that cannot be processed or reused to make new products due to its composition or contamination.

Organizational Citizenship

The voluntary commitment beyond normal work duties, displaying behaviors that contribute to the organization's well-being.