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3.
The accounting system should provide the basis for
appropriate budgetary control.
4.
Budgetary comparison schedules should be presented as
required supplementary information for the General Fund and each
major special revenue fund for which an annual budget has been
adopted.
13) The government official typically responsible for providing
department heads with technical support such as clerical assistance
with budget computation and maintenance of document files relating
to the budget is
1.
2.
3.
4.
the chief financial officer
the director of finance
the legislative budget analyst
the budget officer
14) Cash disbursements budgets
1.
need to be prepared because GASB standards specify the use
of the accrual basis of accounting for governments
2.
should be prepared only for each fiscal year because
disbursements for each month are approximately equal
3.
should usually be prepared for each month of the year, or for
shorter intervals, in order to facilitate planning short-term borrowings
and investments
4.
should be prepared only for funds not required to operate
under legal appropriation budgets
15) Cash receipts and cash disbursement budgets for a government
1.
should be prepared for all funds for the entire fiscal year
2.
should be prepared for only those funds for which
appropriations budgets are not required by law
3.
should be prepared as needed to enhance cash management,
investment management, and short-term debt management