Quality of Governmental Financial Reporting
Describe the most important objects required by OMB Round No. A-136, topic: Financial Reporting Necessities (full Circulars (Hyperlinks to an exterior website.) may be accessed at www.whitehouse.gov/omb). This could embrace a dialogue of the annual Efficiency and Accountability report and the monetary part of the Efficiency and Accountability Report, each mentioned in Chapter 11. Reply to at the very least two of your classmates’ postings.
Dialogue 2
Assertion of Financing
Referring to Assessment Question Assignment 11-11 of Chapter 11, describe the aim of the assertion of financing together with illustrations of the most important parts of the assertion. The parts that needs to be mentioned are sources used to finance actions, sources used to finance objects that aren’t half of the online value of operations, and parts of the online value of operations that won’t require or generate sources within the present interval. Reply to at the very least two of your classmates’ postings.
Required Assets
Textual content
Ives, M., Patton, T., Patton, S. (2013). Introduction to governmental and not-for-profit accounting (seventh ed.) . Pearson.
· Chapter 11: Federal Authorities Accounting and Reporting
· Chapter 12: Accounting for Not-for-Revenue Organizations
· The complete-text model of this e book is offered in your on-line classroom by way of the VitalSource platform.
Webpage
Workplace of Administration and Funds. (n.d.). Circulars (Hyperlinks to an exterior website.) . The White Home. https://www.whitehouse.gov/omb/information-for-agencies/circulars/
