Airport finance - Study guides, Class notes & Summaries

Cash Basis Accounting records revenues when cash is received and expenses when cash is paid Accrual Basis Accounting reporting income when it is earned and expenses when they are incurred, does not matter when cash is exchanged Modified Accrual Accounting recognized 1) revenues when the resulting current financial resources are both measurable and available to be used and 2) expenditures when they are incurred GAAP Principles Recognition, measurement, presentation, disclosure Operating Bud...

AAAE ACE Airport Finance Mod 1 questions and answers ARP Airports Organization - correct answer Responsible for airport safety standards, planning, design, and construction APP Office if Airport Planning and Programming - correct answer Administers policy for planning, development, and environmental protection. Also oversees AIP grants and PFC program APP-500 (Div. if APP) Airport Financial Assistance - correct answer Manages AIP and PFC programs

Cash Basis Accounting records revenues when cash is received and expenses when cash is paid Accrual Basis Accounting reporting income when it is earned and expenses when they are incurred, does not matter when cash is exchanged Modified Accrual Accounting recognized 1) revenues when the resulting current financial resources are both measurable and available to be used and 2) expenditures when they are incurred GAAP Principles Recognition, measurement, presentation, disclosure Operating Bud...

ARP Airports Organization - correct answer Responsible for airport safety standards, planning, design, and construction APP Office if Airport Planning and Programming - correct answer Administers policy for planning, development, and environmental protection. Also oversees AIP grants and PFC program APP-500 (Div. if APP) Airport Financial Assistance - correct answer ...

AAAE ACE Airport Finance Mod 2 | with complete solution | latest 2024/2025

AAAE ACE Airport Finance Module 2 (Q&As) 2023 GRADED A+

Cash Basis Accounting records revenues when cash is received and expenses when cash is paid Accrual Basis Accounting reporting income when it is earned and expenses when they are incurred, does not matter when cash is exchanged Modified Accrual Accounting recognized 1) revenues when the resulting current financial resources are both measurable and available to be used and 2) expenditures when they are incurred GAAP Principles Recognition, measurement, presentation, discl...

Cash Basis Accounting - Answer- records revenues when cash is received and expenses when cash is paid Accrual Basis Accounting - Answer- reporting income when it is earned and expenses when they are incurred, does not matter when cash is exchanged Modified Accrual Accounting - Answer- recognized 1) revenues when the resulting current financial resources are both measurable and available to be used and 2) expenditures when they are incurred GAAP Principles - Answer- Recognition, measurem...

AAAE ACE AIRPORT FINANCE MOD 2 2023 QUESTIONS AND ANSWERS GRADED A+ 1. Cash Basis Accounting: records revenues when cash is received and expens- es when cash is paid 2. Accrual Basis Accounting: reporting income when it is earned and expenses when they are incurred, does not matter when cash is exchanged

AAAE ACE Airport Finance Mod 2: Questions And Answers