Latest Questions & Answers

Q: The City of Edmond, Oklahoma, uses the Crawford Performeter®

The City of Edmond, Oklahoma, uses the Crawford Performeter® as a financial analysis tool and presents the results of this analysis in its Managements’s Discussion and Analysis in the annual audited f...

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Q: You are a new city council person for the City of Scottsdale

You are a new city council person for the City of Scottsdale, Arizona. You are aware that several cities have been in the news recently for financial crises for which the council or board is being hel...

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Q: For the fiscal year 2007, the City and County of Denver

For the fiscal year 2007, the City and County of Denver, Colorado, had approximately $4.9 billion in bonded debt. You are a senior accountant in the controller’s office of the City and County of Denve...

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Q: You are an accountant with the national office of the National Association

You are an accountant with the national office of the National Association of State Retirement Administrators (NASRA) and have just been appointed by the membership as its representative to the Govern...

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Q: What organizations does the governmental reporting entity include? Define primary government

What organizations does the governmental reporting entity include? Define primary government. How does a component unit differ from the primary government?

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Q: “Credit or bond analysts are interested only in the financial condition

“Credit or bond analysts are interested only in the financial condition of the government when determining bond ratings.” Do you agree or disagree with this statement? Explain.

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Q: Identify some financial indicators or ratios that are designed to measure the

Identify some financial indicators or ratios that are designed to measure the short-term financial position of a governmental entity. Why are these measures not as useful in assessing long-term financ...

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Q: Should citizens be concerned if the pension plan funding measure decreases over

Should citizens be concerned if the pension plan funding measure decreases over time? Why?

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Q: Explain how organizational factors, such as management practices and legislative policies

Explain how organizational factors, such as management practices and legislative policies, affect a government’s financial condition.

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Q: Explain what assessment can be made from the ratio unrestricted net assets

Explain what assessment can be made from the ratio unrestricted net assets as a percentage of total revenue that cannot be made from the ratio unreserved fund balances as a percentage of total revenue...

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