Explain the role of the government accountability office

Assignment Help Accounting Basics
Reference no: EM132265756

Question: 1. Explain the role of the Government Accountability Office (GAO), the Department of the Treasury, and the Office of Management and Budget (OMB) in the financial accounting and reporting of the federal government.

2. Class, as it relates to these three governmental entities, how much do you think that politics or the sway of political administration affects these entities? Remember...many of the heads of these organizations are appointed.

3. State and general-purpose local governments are considered primary governments. Under what circumstances would a special purpose government be considered a primary government?

Answer each question in 200 or more words

Use citations and references

Use APA guidelines

Reference no: EM132265756

Questions Cloud

Did contingency planning save lives in this disaster : Select one article and identify what that article considers a shortcoming in BP's planning. What part of the contingency planning process came up short (IR, BP,
Create an ethical organizational culture : Which of the following is NOT a way that companies can help create an ethical organizational culture?
Write a lab report based on survey data collected : Survey Research and Design Lab report - Your task is to write a lab report based on survey data collected by the class in the first assignment
Public interest theory and special interest group theory : Discuss the public interest theory and the special interest group theory as they relate to the Patient Protection and Affordable Care Act of 2010.
Explain the role of the government accountability office : Explain the role of the Government Accountability Office (GAO), the Department of the Treasury, and the Office of Management and Budget (OMB) in the financial.
Compare the analysis to the static model : What is the relative impact of a permanent versus a transitory tax cut on labour supply and compare the analysis to the static model.
What are the legal implications : Assess the approaches you would use to monitor the behavior of each employee. What are the legal implications?
Identify two examples of government intervention : Identify two examples of government intervention that the world has experienced in the last 10 years.
Discuss the case involving the united states of america : Using a Microsoft Word document, please post one federal and one state statute utilizing standard legal notation and a hyperlink to each statute.

Reviews

Write a Review

Accounting Basics Questions & Answers

  The primary difference between the different retail

the primary difference between the different retail inventory method is the point at which you take the cost-to-retail

  What is the effect of the decision on weekly gross profit

What is the gross profit earned by the original mix of products for one week? What is the effect of the decision on weekly gross profit

  Multiple-step income statement for mid city galleries

The ledgers of Mid City Galleries Inc. contain the following balances as of December 31, 2006. Prepare in good form a multiple-step income statement for Mid City Galleries.

  Question regarding cost-benefit analysis

A soft drink maker wants to expand into a neighboring country. They want the product bottled in that country to avoid political issues and to enhance the local image of the product.

  Source of temporary cash is trade credit

An important source of temporary cash is trade credit, which does not actually bring in cash, but instead slows its outflow. Vendors often provide discounts for early payment. What is the formula to determine the effective interest rate if the dis..

  Determine the amount distributed to each class

Determine the amount distributed to each class of stockholders for this two-year-old company

  Discuss each element of the fraud

Assume you were hired to analyze the information in this case and write a two- to three-page report on your findings. Discuss each element of the fraud.

  Determine mondial corporation taxable income

Mondial Corporation's financial accounting records show it had gross revenue of $980,000, cost of goods sold of $420,00, operating expenses of $380,000 and $4,000 of dividends received from a 40% owned company.

  Cost classification-behavior-sma

Distinguish between direct labor and indirect labor. Explain why some nonproductive labor (e.g., coffee breaks, personal time) is treated asdirect labor while other nonproductive labor (e.g., downtime, training) is treated asindirect labor.

  Eric and denise are partners in ed partnership eric owns a

eric and denise are partners in ed partnership. eric owns a 60 capital profits and loss interest. denise owns the

  Mussatto company expects to produce 52560 units of product

mussatto company expects to produce 52560 units of product ioa during the current year. budgeted variable manufacturing

  Relevance versus faithful representation

1. Relevance versus Faithful Representation. The fair value of the build- ing may provide more relevant information to decision makers, but fair value estimates are not as free from error as historical cost information.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd