-
-------------------------refers to how to recognize transactions in the financial statements
Measurement focus
-
What are the 2 types of measurement focus
- 1. Current Financial resources
- 2. Economic Resources
-
What are the following
Current Financial resources
Economic Resources
types of measurement focus
-
What is curent financial resources
they are a measurement focus that seeks to value and report fund balances as a measure of available, spendable or appropriable resources
-
----------------------------------------- are a measurement focus that seeks to value and report fund balances as a measure of available, spendable or appropriable resources
Current financial resources
-
When using the current financial resources types of measurement only ------------------ and liabilities are included on the balance sheet
fixed assets
-
When using the current financial resources types of measurement only fixed assets and ------------------- are included on the balance sheet
liabilities
-
Under current finacial resources the --------------------------- method is used
modified accual
-
Under the current financial resources type of measurement focus, what is reported
1.
2. No non-current liabilites are reported
no fixed assets are reported
-
Under the current financial resources type of measurement focus, what is reported
1. no fixed assets are reported
2.
no non current liabilites are reported
-
Under the current financial resources type of measurement focus, what is reported
1.
2.
- no fixed assets are reported
- No non-current liabilites are reported
-
Under the economic resources type of measurement focus, what is reported
- 1. Fixed assets are reported
- 2. Non-current liabilites are reported
-
Under the economic resources type of measurement focus, what is reported
1. Fixed assets are reported
2.
Non-current liabilites are reported
-
Under the economic resources type of measurement focus, what is reported
1.
2. Non-current liabilites are reported
Fixed assets are reported
-
Under the economic resources types of measurement focus the ---------- Accual method is used
Full
-
The--------------------------------------refers to when revenues and expenditures or expenses are recognized in the accounts and reported in the financial statements.
Basis of Accounting
-
---------------------------------------of acocunting is used with the current financial resources measurement focus
modifed accrual basis
-
---------------------------- basis of accounting is a blend of accual and cash basis accounting concepts
Modified accrual
-
Modified accuarl basis of accounting is what
a blend of accual and cash basis accounting concepts
|
|