Under what condition is the modified approach applied by a state or local government?

Q: Which of the following is not a financial factor affecting the location decision? The availability…

A: Location decision is one of the most important decisions with regard to the set up of the business…

Q: Explain Regulatory Provisions?

A: Regulations: The regulation is processed by which a complex system is managed under a set of rules.

Q: w does a company determine if it should use an ABO, PBO, or VBO calculation? Is the determination…

A: ABO The estimated amount of a company's pension plan commitment at any one time is known as the…

Q: will there be an instance where in the government may consider as primary user? please provide…

A: Government is defined as the group of people or the system that is used to govern the organised…

Q: What are the key sources of revenues among the federal, state, and local governments? What are the…

A: Federal Government revenue comes from individual income taxes, corporate income taxes, and payroll…

Q: expenditure and ho

A: Reasons for India's rising govt expenditures include: (i) Development Programs: The majority of…

Q: Briefly describe the service type activities that most general purpose governments perform?

A: Governmental accounting standard board is established in United States, used by the state and local…

Q: Can you explain and give examples of the key state assets that fall in the federal government…

A: Answer:-  Stewardship of state resources meaning:- The term "stewardship of state resources" refers…

Q: What are the powers of the BIR Commissioner?

A: Powers of BIR commissioner are as follows,  1. He can require additional procedures and documents.…

Q: What are the general jurisdictional rules? Discuss some of the exceptions to these rules.

A: Jurisdiction Rules Jurisdiction in the law which implies that the right of the court to hear the…

Q: Which of the following is not an inherent power of a government?

A: The inherent power of a government are:- 1. Eminent domain  2. Police power 3. Taxation

Q: Explain the makeup of a primary government and its relationship to component units and related…

A: The government uses a different way to report their financial statements than the private sector…

Q: What exactly are the IPSASs' jurisdictional boundaries?

A: Here Is The Answer :

Q: Government NBFI?

A: NBFI -: A NBFI is a non-banking financial institution or non-bank financial corporation (NBFC) is a…

Q: What is the federal counterpart of the state and local government "encumbrance"? Select one: a.…

A: Encumbrances represent amounts a government has committed to pay for goods or services that were not…

Q: rite the definition, recognition, measurement and derecognition of  GOVERNMENT GRANT.

A: Government grant:  It is the sum of the grant given to the business by the government that a…

Q: What are current IFRS standards for accounting for government grants?

A: The objective of this question is to understand the current International Financial Reporting…

Q: Discuss state and local governments financial statements and what are the potentials changes to…

A: The financial statement is prepared for showing the results of the business and non-business…

Q: Explain the difference between expenses and expenditures in a state and a local government.

A: Given: The difference between the state and local government’s expenses and expenditures are given.…

Q: What are the basic financial statements that a state or local government now produces?

A: The following are the basic financial statements that a state or local government now produces:…

Q: what is State indebtedness

A: Any obligations and liabilities for borrowed money created, issued, or incurred by the Purchased…

Q: give the definition, recognition, measurement and derecognition of "government grant"

A: International Financial Reporting Standards, generally called IFRS, are the accounting standards…

Q: What does the word stewardship mean and an example of what federal government stewardship?

A: Stewardship is a value that encompasses effective resource planning and administration. Stewardship…

Q: hat are the requirements for government- wide statements on CAFR?

A: Step 1 Governmental financial statements are comply with governmental accounting standards and…