Web-The government-wide statement of net position uses the current financial resources measurement focus and the accrual basis of accounting. -The General Fund balance sheet uses the current financial resources … WebEnterprise funds use a measurement focus known as the flow of economic resources.3 This measurement focus is generally the same as that used by commercial entities. Both long-term assets and liabilities are reported on the balance sheet of enterprise funds. Exhibit 2: Measurement Focus 1 PHAs activities meet the definition of an enterprise fund ...
Chapter 2 Quiz 90% Flashcards Quizlet
WebOutcomes measurement, process improvement, program evaluation, impact analysis, and provider performance are studied. 3 Blended Lecture DNP 707 Health Care Finance This course provides students with an overview of the principal financial mechanisms in the U.S. health care industry and offers specific insights into the critical issues the ... WebThe measurement focus and basis of accounting that should be used for the governmental fund financial statements are: Measurement Focus Basis of Accounting a. Current financial resources Modified accrual b. Current financial resources Accrual c. Economic resources Modified accrual d. Economic resources Accrual a-Option A b-Option B c … how to troubleshoot web browser
MEASUREMENT FOCUS - DGS
WebA) Government-wide financial statements are prepared using the accrual method of accounting. B) General capital assets are required to be reported on the government-wide balance sheet. C) GASB requires a reconciliation from fund financial statements to government-wide financial statements. WebWhich of the following use current financial resources measurement focus? Governmental fund statements Which of the following is not true with respect to a transaction that is nonexchange in nature? A) They are activities where recipients may pay less than the cost of the goods or service received. WebIn fund accounting, governmental funds use the current financial resources measurement focus and the modified accrual basis for the timing of revenue and expense recognition. Current financial resources include assets such as cash, receivables, and investments that can be used for spending. how to troubleshoot well pump