"Each federal government agency should maintain a General Fund and as many other funds defined by the GASB as are appropriate." Do you agree? Why or why not?
What will be an ideal response?
Disagree. The FASAB, not the GASB, has authority to establish GAAP for federal agencies as indicated by SFFAS No. 34 on the GAAP hierarchy and through recognition of the FASAB as the GAAP authority by the AICPA. There is only one General Fund for the entire federal government; each agency that is financed by the general taxing and revenue powers and general borrowings of the federal government operates a "general fund" which is, in reality, a subdivision of the federal General Fund. The JFMIP "principals" now have joint statutory duty to establish federal financial reporting standards by publishing standards recommended to them by the FASAB.
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Which of the following process bubbles (i.e., activities) would you not expect to see in the logical DFD for a B/AR/CR process?
a. perform billing b. requisition inventory c. receive customer payment d. manage customer accounts
What is a transitive dependency?
XYZ manufactures four types of plywood panels. Each product must go through the following operations: patching, grading, gluing, and baking. The time requirements for each panel, the capacity available, the minimum production requirements, and the profit contributions per panel are tabled here. Determine the capacity constraint for patching operation. Let x1 = Number of soft panels to be made, x2 = Number of hardwood panels to be made, x3 = Number of tropical panel to be made, and x4 = Number of aircraft panels to be made.
A. X1 ? 100
B. 0.6X1 + 1X2 + 2.0X3 + 2.5X4 ? 2,500
C. X4 ? 250
D. X1 + 2X2 + 3X3 + 4X4 ? 4,000
When the harassment of co-workers creates a hostile working environment, an employee may have a cause of action against an employer
Indicate whether the statement is true or false