Accounting for Governmental and Nonprofit Entities+Chapter+3+Solutions教程.docVIP

CHAPTER 3: GOVERNMENTAL OPERATING STATEMENT ACCOUNTS; BUDGETARY ACCOUNTING Answers to Questions 3-1. The governmental fund financial statements report detailed current financial resources information intended to help users assess current period fiscal accountability—whether revenues were raised only from authorized sources and expended for authorized purposes. Government-wide financial statements, on the other hand, are intended to provide a broad overview of the governmental and business-type activities for the government as a whole. The government-wide statements focus on economic resource