According to GASB Standards Relating to Budgetary Accounting, Budgetary Comparisons

question 97

True/False

According to GASB standards relating to Budgetary Accounting, budgetary comparisons should be included in the appropriate financial statements or schedules for governmental funds for which an annual budget has been adopted.

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Definitions:

Continuous Improvement

Involves always searching for new ways to improve operations quality and performance.

Quality Control

Checks processes, materials, products and services to ensure that they meet high standards.

High Standards

The requirement or expectation for excellence and superior performance in a particular activity or field.

Internal Customers

Employees or departments within an organization that rely on other parts of the organization for products or services.