Governmental-Type Activities Fund Statements Must Use Accrual Basis When Preparing

question 1

True/False

Governmental-type activities fund statements must use accrual basis when preparing government-wide financial statements.

---

Definitions:

State Uncertainty

Refers to the unpredictability associated with the conditions or status of a system, environment, or entity in which outcomes are impossible to foresee accurately.

Response Uncertainty

The lack of predictability or assurance about the reactions or outcomes resulting from a decision, action, or situation.

Analyzer Response

A method or approach in analyzing and responding to data or situations that relies on careful consideration and examination.

Environmental Uncertainty

The lack of predictability and stability in an organization's external environment, affecting its operations and strategy.