AAAE ACE Airport Finance Mod 2 2024 STUDY GUIDE
AAAE ACE Airport Finance Mod 2 questions and answers Cash Basis Accounting - correct answer records revenues when cash is received and expenses when cash is paid Accrual Basis Accounting - correct answer reporting income when it is earned and expenses when they are incurred, does not matter when cash is exchanged Modified Accrual Accounting - correct 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 - correct answer Recognition, measurement, presentation, disclosure Operating Budget - correct answer budget for day-to-day expenses covering the span of a year Capital Budget - correct answer budget for major capital, or investment, expenditures covering up to 5-10 years, also subject to depreciation on accounting records
Geschreven voor
- Instelling
- AAAE-AMERICAN ASSOCIATION of AIRPORT EXECUTIVES
- Vak
- AAAE-AMERICAN ASSOCIATION of AIRPORT EXECUTIVES
Documentinformatie
- Geüpload op
- 8 februari 2024
- Aantal pagina's
- 4
- Geschreven in
- 2023/2024
- Type
- Tentamen (uitwerkingen)
- Bevat
- Vragen en antwoorden
Onderwerpen
-
airport finance
-
accrual basis accounting
-
operating budget
-
american association of airport executives
-
modified accrual accounting
Ook beschikbaar in voordeelbundel