ACCOUNTING
1. Which of the following is true regarding the Budgetary Comparison Schedule?
2. Assume encumbrances do not expire at year-end. $15,000 was encumbered during the prior year for a computer and the actual cost of the computer in the current year is $12,000. How does this affect unreserved fund balance?
3. Which of the following items would typically not need an encumbrance?
4. Which of the following is not considered Required Supplementary Information (RSI)?
5. Fiduciary funds are to use the:
6. Level "A" GAAP for The University of Virginia, a public institution, would be established by the:
7. Which of the following is true regarding the composition of the Comprehensive Annual Financial Report (CAFR)?
8. Under the modified accrual basis of accounting, revenues should be recognized when they are:
9. The Governmental Accounting Standards Board has been given authority to establish accounting and financial reporting standards for:
10. Which of the following is true regarding the government-wide Statement of Activities?
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