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Explain the importance of inter-period equity

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Question 1: Explain the nature and types of government revenue sources and discuss how they are accounted for. Research your local CAFR and share here the most significant source of your local government's revenues.When is modified accrual versus full accrual used? Why? Explain the importance of inter-period equity. Why is this important in the revenue recognition process? Why the "available" criterion on revenue recognition is deemed significant?

Reference no: EM132939854

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