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NFP Exam 3 Q&A completely solved
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NFP Exam 3 Q&A completely solved
What are the two primary objectives of government financial reporting?
{{Ans- -provide info that can be used to assess accountability
-assist in making economic, social and political decisions
What are characteristics of useful information?
{{Ans- -understandability
-reliability
-relevance
-timeliness
-consistency
-comparability
What improves the usefulness of financial reports?
{{Ans- -effective communication
What is the reporting entity?
{{Ans- primary government and all the component units for which the primary government is accountable for
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[Solved] NFP Exam 3 Q&A completely solved
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- Submitted On 30 Nov, 2022 12:27:35
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NFP Exam 3 Q&A completely solved
What are the two primary objectives of government financial reporting?
{{Ans- -provide info that can be used to ass...
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NFP Exam 3 Q&A completely solved
NFP Exam 3 Q&A completely solved
What are the two primary objectives of government financial reporting?
{{Ans- -provide info that can be used to assess accountability
-assist in making economic, social and political deci...
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