WGU D362 Corporate Finance Chapter 10:
Analysis of Government Financial Statements
Exam Review Questions and Answers 100%
Pass | Graded A+
David Mungai [Date] [Course title]
, WGU D362 Corporate Finance Chapter
10: Analysis of Government Financial
Statements Exam Review Questions and
Answers 100% Pass | Graded A+
Government financial reporting has been perceived as lacking -
Answer>> Financial Transparency
Financial Transparency - Answer>> All relevant financial
information is fully and freely available to users.
More important for those outside governments who need to
assess government performance as they decide whether to locate
in a city, work for public entities, or invest in municipal bonds.
Financial Position - Answer>> Short-term concept that focuses
on the assets that are cash or are normally converted to cash in
the near future, and liabilities that require cash in the near future
Financial Condition - Answer>> Financial condition includes
both the willingness and the capacity to meet financial and service
obligations
Economic Condition - Answer>> A composite of a government's
financial position and its ability and willingness to meet its
financial obligations and service commitments on an ongoing
basis
Financial Position - Answer>> Deals with the status of 5
elements found on the financial statements
Fiscal Capacity - Answer>> Addresses the ability and
willingness to meet financial obligations
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