Short Answer 65. List the financial statements required of every federal government agency and indicate whether the statement is prepared using the accrual or budgetary basis of accounting. 66....

Short Answer

65. List the financial statements required of every federal government agency and indicate whether the statement is prepared using the accrual or budgetary basis of accounting.

66. Identify (in order of occurrence) the steps in the federal budgetary authority process.

67. Describe the purpose of the following:

a)Federal government budgetary accounts

b)Federal government proprietary accounts

68. Identify the primary functions of the following entities as they relate to financial reporting by the federal government:

a)Office of Management and Budget

b)Department of Treasury

c)Government Accountability Office