Questions from Accounting for Government and Non-Profit

Q: Why might analysts be concerned if a government has an unusually high

Why might analysts be concerned if a government has an unusually high ratio of intergovernmental revenues to total revenues relative to a comparable government? Why might they be concerned if the same...

Q: What is meant by fiscal capacity and fiscal effort? Why are

What is meant by fiscal capacity and fiscal effort? Why are they of significance in assessing a government’s financial condition?

Q: Why do some analysts see the budget of a government as being

Why do some analysts see the budget of a government as being of no less importance than its CAFR in assessing financial condition?

Q: In what other significant ways do performance audits differ from financial audits

In what other significant ways do performance audits differ from financial audits?

Q: The GASB requires governments to identify their principal taxpayers in their CAFRs’

The GASB requires governments to identify their principal taxpayers in their CAFRs’ statistical section. In what way does this information contribute to an analysis of financial condition?

Q: Why are “one‐shots” and other financial gimmicks of

Why are “one‐shots” and other financial gimmicks of special concern to analysts?

Q: Owing to severe fiscal problems as well as a pattern of management

Owing to severe fiscal problems as well as a pattern of management incompetence and corruption, a city is placed under the control of a special authority established by the state. The authority has th...

Q: Newville City accounts for and reports on the Newville Housing Authority as

Newville City accounts for and reports on the Newville Housing Authority as a discretely presented component unit. It engages in numerous transactions with the housing authority (e.g., providing grant...

Q: The bylaws of the Wells City Downtown Development Authority state that of

The bylaws of the Wells City Downtown Development Authority state that of the seven members of its governing board, two must be members of the Wells City Council, one must be a member of the City Zoni...

Q: A state established the Mohansic River Power Authority to construct and operate

A state established the Mohansic River Power Authority to construct and operate dams and to provide electric power to rural areas. The authority, a state‐owned corporation, is governed by an independe...