The Modified Approach for Infrastructure Requires Schedules and Disclosures to Be

question 144

Multiple Choice

The modified approach for infrastructure requires schedules and disclosures to be included in which part of the CAFR?

• A) Notes to the Financial Statements
• B) Other Supplementary Information
• C) Required supplementary Information
• D) Proprietary Fund Statements

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Definitions:

Chief Executive Officer

The highest-ranking executive in a company, responsible for making major corporate decisions, managing operations, and communicating with the board of directors.

Treasurer

An executive role in a company or organization, responsible for managing the institution's treasury and overseeing its financial and investment strategies.

Controller

A chief accounting officer of a company, responsible for overseeing all accounting operations including financial reporting and budgeting.

Capital Budgeting

The process a business undertakes to evaluate potential major projects or investments, analyzing the cash inflows and outflows to determine whether the returns meet a sufficient target benchmark.