51.If one wished to compute the net debt of a government, this could be found in the governmental fund financial statements. 52.The GASB has issued standards for Service Efforts and Accomplishments...





51.If one wished to compute the net debt of a government, this could be found in the governmental fund financial statements.



52.The GASB has issued standards for Service Efforts and Accomplishments Reporting.



53.Service Efforts and Accomplishments Reporting is best completed by using a variety of measures, which are reported consistently.



54.The program expense ratio for a not-for-profit organization will improve if the organization shifts costs from fund-raising to program expenses.



55.The program expense ratio for a not-for-profit organization will improve if the organization shifts costs from fund-raising to administrative expenses.



56.Fund-raising efficiency is a measure of performance that expresses how much an organization spends in raising a dollar of donations.



57.The program expense ratio is calculated as Program service expenses / Total expenses.



58.The program expense ratio is calculated as (Program service expenses + supporting service expenses) / Total expenses.



59.The program expense ratio is calculated as follows: Total expenses / (Program service expenses + supporting service expenses).



60.Supporting expenses are not included in the numerator of the program expense ratio.







May 15, 2022
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