ACC 574 help A Guide to career/Snaptutorial ACC 574 help A Guide to career/Snaptutorial | Page 4

1.
The Financial Accounting Foundation (FAF)
2.
The American Institute of Certified Public Accountants
(AICPA)
3.
The Financial Accounting Standards Board (FASB)
4.
The Governmental Accounting Standards Board (GASB)
10) Which of the following budgetary approaches starts with line-item
expenditures and applies a factor approximating the inflation rate to
most items, unless specific information is available to suggest that a
different factor should be applied?
1.
2.
3.
4.
Incremental budgeting
Program budgeting
Zero-based budgeting
Performance budgeting
11) Which of the following is not one of the purposes of a budget
considered in the Government Finance Officer Association
Distinguished Budget Presentation Award Program?
1.
2.
3.
4.
As a policy document
As a communication device
As a legal document
As a financial plan
12) Which of the following statements is not consistent with the
GASB’s Budgeting, Budgetary Control, and Budgetary Reporting
Principle?
1.
An annual budget must be adopted using generally accepted
accounting principles.
2.
The budgetary comparison schedule should present both the
original and the final appropriated budgets for the reporting period.