Question 1

Identify and define the three broad categories of service efforts and accomplishments (SEA)measures.

Accepted Answer

Service efforts and accomplishments (SEA...

Question 2

The schedule of legally required events in the budgeting process is generally referred to as the:

Accepted Answer

A)   Budget docket.
B)   Legal timetable.
C)   Hearing schedule.
D)   Budget calendar.

Question 3

When planning,budgeting,and performance measurement are related,good performance is rewarded,and consequences exist for substandard performance,then public employees' behaviors will change.

Accepted Answer

A) True 
 B)False

Question 4

Which of the following is not one of the criteria for an allowable cost under a federal grant?

Accepted Answer

A)   A cost that is necessary and reasonable for the performance of the federal award and allocable thereto under the OMB cost principles.
B)   A cost that conforms to any limitations or exclusions set forth in the OMB cost principles or in the federal award as to types or amount of cost items.
C)   A cost that has been approved by the FASB or GASB as an allowable cost.
D)   A cost that is adequately documented.

Question 5

Effective capital budgeting for general capital assets of a government requires:

Accepted Answer

A)   Intermediate and long-range capital improvement plans for general capital assets.
B)   Nonfinancial information on physical measures and service condition of capital assets of component units.
C)   Consideration of how proprietary fund capital projects will be financed.
D)   Information about the capital asset needs of a motor pool accounted for as an internal service fund.

Question 6

Under service efforts and accomplishments (SEA)reporting input measures are quantity measures that reflect the quantity of a service provided,such as the number of lane-miles of road repaired.

Accepted Answer

A) True 
 B)False

Question 7

Governments receiving federal grants and contract funds are expected to have an accounting information system with adequate internal controls that can deliver reliable information to compare the actual amount spent with budgeted amounts.

Accepted Answer

A) True 
 B)False

Question 8

Which of the following might appropriately be termed an outcome indicator for a police department that reports service efforts and accomplishments (SEA) indicators?

Accepted Answer

A)   Number of crimes investigated.
B)   Value of property lost due to crime.
C)   Hours of patrol.
D)   Number of personnel hours expended.

Question 9

An budgeting method that derives the subsequent year's budget from the current year's budget is called:

Accepted Answer

A)   Planning-programming-budgeting.
B)   Incremental budgeting.
C)   Zero-based budgeting.
D)   Performance budgeting.

Question 10

Explain what is required to develop an effective total quality management (TQM)program for a government.

Accepted Answer

Although individual governments have tai...

Question 11

Which of the following statements regarding government budgets is not ?

Accepted Answer

A)   A budget should be enacted before the fiscal year begins and be integrated with the financial accounting system so that actual results can be compared to budgets at regular intervals.
B)   The budget's role is limited to inclusion in internal financial reports and budgetary compliance monitoring for those funds that have a legally approved budget.
C)   Integrating the budget into the accounting system allows management to oversee individual unit performance and react quickly to variances between actual results and budgeted plans.
D)   A budget is a plan of financial operation embodying an estimate of proposed expenditures for a given period of time and the proposed means of financing them.

Question 12

Despite its initial popularity,service efforts and accomplishments reporting has lost favor in recent years.

Accepted Answer

A) True 
 B)False

Question 13

Which of the following statements regarding costs under federal awards is not ?

Accepted Answer

A)   Only items of cost specifically mentioned in a grant, contract, or other agreement document are allowable.
B)   Several costs are allowable under highly restrictive conditions and generally require the explicit approval of the grantor agency.
C)   For major not-for-profit organizations and institutions of higher learning, indirect costs must be classified within two broad categories termed "facilities" and "administration."
D)   Direct costs are those that can be identified specifically with a particular cost objective.

Question 14

The United States Office of Management and Budget (OMB)publishes a "super circular" which provides streamlined guidelines for grant accounting and reporting.

Accepted Answer

A) True 
 B)False

Question 15

Service efforts and accomplishments reporting is also referred to as citizen-centric reporting.

Accepted Answer

A) True 
 B)False

Question 16

Which of the following statements regarding service efforts and accomplishments (SEA) is not ?

Accepted Answer

A)   SEA information includes indicators of a government's actual performance in providing services to its citizens.
B)   As governments integrate strategic planning, budgeting, and performance measurement, information on SEA is available and often provided to the public.
C)   SEA reporting may take the form of a published report, an electronic report posted on a government's Web site, or a pamphlet designed to summarize an entity's SEA measurement results.
D)   SEA reporting is required by governments with populations greater than 500,000.

Question 17

In budgeting revenues,state and local government administrators should:

Accepted Answer

A)   Be cautious not to utilize unauthorized sources or exceed authorized ceilings on revenues from specific sources.
B)   Ensure that at least the amount of revenues needed to meet spending needs are raised, even if authorized ceilings on some revenue sources must be exceeded.
C)   Utilize all authorized revenues sources at the maximum amount allowed by law.
D)   Ignore "other financing sources" since these resource inflows are not available for appropriation.

Question 18

All of the following are objectives of activity-based cost (ABC) accounting in government except:

Accepted Answer

A)   To preserve, at a minimum, the present quality and availability of services.
B)   To help find lower cost alternatives to providing services.
C)   To link customer (taxpayer)  satisfaction to improvements in the operating systems used to provide goods and services.
D)   To make increases in the volume of services dependent on reducing costs.

Question 19

A major disadvantage of activity-based costing (ABC)in a governmental setting is the very limited number of activities for which it can be used.

Accepted Answer

A) True 
 B)False

Exam 12: Budgeting and Performance Measurement

Despite its initial popularity,service efforts and accomplishments reporting has lost favor in recent years.

Correct Answer
verified

Explain what is required to develop an effective total quality management (TQM)program for a government.

Correct Answer
verified
Although individual governments have tai...
View Answer

Which of the following is not one of the criteria for an allowable cost under a federal grant?

Correct Answer
verified

Service efforts and accomplishments reporting is also referred to as citizen-centric reporting.

Correct Answer
verified

All of the following are objectives of activity-based cost (ABC) accounting in government except:

Correct Answer
verified

When planning,budgeting,and performance measurement are related,good performance is rewarded,and consequences exist for substandard performance,then public employees' behaviors will change.

Correct Answer
verified

Which of the following statements regarding service efforts and accomplishments (SEA) is not ?

Correct Answer
verified

In budgeting revenues,state and local government administrators should:

Correct Answer
verified

Which of the following might appropriately be termed an outcome indicator for a police department that reports service efforts and accomplishments (SEA) indicators?

Correct Answer
verified

A major disadvantage of activity-based costing (ABC)in a governmental setting is the very limited number of activities for which it can be used.

Correct Answer
verified

Effective capital budgeting for general capital assets of a government requires:

Correct Answer
verified

Under service efforts and accomplishments (SEA)reporting input measures are quantity measures that reflect the quantity of a service provided,such as the number of lane-miles of road repaired.

Correct Answer
verified

An budgeting method that derives the subsequent year's budget from the current year's budget is called:

Correct Answer
verified

The schedule of legally required events in the budgeting process is generally referred to as the:

Correct Answer
verified

Identify and define the three broad categories of service efforts and accomplishments (SEA)measures.

Correct Answer
verified
Service efforts and accomplishments (SEA...
View Answer

Governments receiving federal grants and contract funds are expected to have an accounting information system with adequate internal controls that can deliver reliable information to compare the actual amount spent with budgeted amounts.

Correct Answer
verified

Which of the following statements regarding government budgets is not ?

Correct Answer
verified

Which of the following statements regarding costs under federal awards is not ?

Correct Answer
verified

The United States Office of Management and Budget (OMB)publishes a "super circular" which provides streamlined guidelines for grant accounting and reporting.

Correct Answer
verified

Exam 12: Budgeting and Performance Measurement

Despite its initial popularity,service efforts and accomplishments reporting has lost favor in recent years.

Correct AnswerverifiedShow Answer

Explain what is required to develop an effective total quality management (TQM)program for a government.

Correct AnswerverifiedAlthough individual governments have tai...View AnswerShow Answer

Which of the following is not one of the criteria for an allowable cost under a federal grant?

Correct AnswerverifiedShow Answer

Service efforts and accomplishments reporting is also referred to as citizen-centric reporting.

Correct AnswerverifiedShow Answer

All of the following are objectives of activity-based cost (ABC) accounting in government except:

Correct AnswerverifiedShow Answer

When planning,budgeting,and performance measurement are related,good performance is rewarded,and consequences exist for substandard performance,then public employees' behaviors will change.

Correct AnswerverifiedShow Answer

Which of the following statements regarding service efforts and accomplishments (SEA) is not ?

Correct AnswerverifiedShow Answer

In budgeting revenues,state and local government administrators should:

Correct AnswerverifiedShow Answer

Which of the following might appropriately be termed an outcome indicator for a police department that reports service efforts and accomplishments (SEA) indicators?

Correct AnswerverifiedShow Answer

A major disadvantage of activity-based costing (ABC)in a governmental setting is the very limited number of activities for which it can be used.

Correct AnswerverifiedShow Answer

Effective capital budgeting for general capital assets of a government requires:

Correct AnswerverifiedShow Answer

Under service efforts and accomplishments (SEA)reporting input measures are quantity measures that reflect the quantity of a service provided,such as the number of lane-miles of road repaired.

Correct AnswerverifiedShow Answer

An budgeting method that derives the subsequent year's budget from the current year's budget is called:

Correct AnswerverifiedShow Answer

The schedule of legally required events in the budgeting process is generally referred to as the:

Correct AnswerverifiedShow Answer

Identify and define the three broad categories of service efforts and accomplishments (SEA)measures.

Correct AnswerverifiedService efforts and accomplishments (SEA...View AnswerShow Answer

Governments receiving federal grants and contract funds are expected to have an accounting information system with adequate internal controls that can deliver reliable information to compare the actual amount spent with budgeted amounts.

Correct AnswerverifiedShow Answer

Which of the following statements regarding government budgets is not ?

Correct AnswerverifiedShow Answer

Which of the following statements regarding costs under federal awards is not ?

Correct AnswerverifiedShow Answer

The United States Office of Management and Budget (OMB)publishes a "super circular" which provides streamlined guidelines for grant accounting and reporting.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified
Although individual governments have tai...
View Answer

Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
verified

Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
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Correct Answer
verified
Service efforts and accomplishments (SEA...
View Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
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Correct Answer
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