Question 1

The numerical value that best represents outputs of this program is

Accepted Answer

A) 500 
B) $1.72 
C) $860 
D) None of the above. 
A) 500 
B) $1.72 
C) $860 
D) None of the above. A

Question 2

Many of the benefits of program budgeting may be ascribed to the organizational self-examination that it requires at the outset.

Accepted Answer

A) True 
 B)False  True

Question 3

"Outputs" is a term used to indicate the quantity or units of service provided by an activity.

Accepted Answer

A) True 
 B)False  True

Question 4

The numerical value that best represents outcomes is

Accepted Answer

A) 500 
B) $1.72 
C) $860 
D) None of the above. 
A) 500 
B) $1.72 
C) $860 
D) None of the above.

Question 5

The GASB's SEA reporting proposals focus on measures of efforts, measures of accomplishments, and measures that relate efforts to accomplishments.

Accepted Answer

A) True 
 B)False

Question 6

Which of the following is a reason for governments and not-for-profit entities to incorporate service efforts and accomplishments (SEA)measures into their management process?

Accepted Answer

A) Measuring and reporting upon SEA helps management determine short-term cash flow requirements. 
B) SEA measures allow management to make objective assessments about whether the goals of the government are worth achieving. 
C) SEA reporting fosters sound budgeting and administration. 
D) SEA fosters budgetary compliance and custodianship of resources. 
A) Measuring and reporting upon SEA helps management determine short-term cash flow requirements. 
B) SEA measures allow management to make objective assessments about whether the goals of the government are worth achieving. 
C) SEA reporting fosters sound budgeting and administration. 
D) SEA fosters budgetary compliance and custodianship of resources.

Question 7

Due to limited resources, Johnson City must select from among the following capital projects.Which project should the city select?

Accepted Answer

A) Court-ordered improvements to the City Jail. 
B) Repairing the roof on City Hall. 
C) Replacing an inefficient data processing system with a more efficient system. 
D) Adding two new police cars to the fleet. 
A) Court-ordered improvements to the City Jail. 
B) Repairing the roof on City Hall. 
C) Replacing an inefficient data processing system with a more efficient system. 
D) Adding two new police cars to the fleet.

Question 8

Which of the following is an example of a cost-outcome measure?

Accepted Answer

A) Cost per passenger-mile on public transit. 
B) Cost per hot meal served. 
C) Cost per legal case handled. 
D) Cost per client placed in gainful employment. 
A) Cost per passenger-mile on public transit. 
B) Cost per hot meal served. 
C) Cost per legal case handled. 
D) Cost per client placed in gainful employment.

Question 9

Accountants are actively involved in collecting and analyzing data to be used by public policy makers.Which of the following other groups might also be involved in the data collection and analysis process?

Accepted Answer

A) Statisticians. 
B) Economists. 
C) Program managers. 
D) All of the above. 
A) Statisticians. 
B) Economists. 
C) Program managers. 
D) All of the above.

Question 10

A significant difference between not-for-profit organizations and businesses with regard to investments in capital (fixed)assets is that

Accepted Answer

A) Not-for-profits generally do not invest in capital assets. 
B) Unlike businesses, not-for-profits do not discount projected future cash flows when evaluating the benefit-cost of an asset acquisition. 
C) Unlike businesses, not-for-profits do not include the estimated salvage value of a capital asset in considering whether or not to acquire it. 
D) When considering the merit of asset acquisitions, maximizing future cash flows is not the principal objective of a not-for-profit. 
A) Not-for-profits generally do not invest in capital assets. 
B) Unlike businesses, not-for-profits do not discount projected future cash flows when evaluating the benefit-cost of an asset acquisition. 
C) Unlike businesses, not-for-profits do not include the estimated salvage value of a capital asset in considering whether or not to acquire it. 
D) When considering the merit of asset acquisitions, maximizing future cash flows is not the principal objective of a not-for-profit.

Question 11

Which option should the city select based solely on cost?

Accepted Answer

A) Option #1 
B) Option #2 
C) Option #3 
D) Unable to determine. 
A) Option #1 
B) Option #2 
C) Option #3 
D) Unable to determine.

Question 12

An accounting program has determined that preparing students for careers in public accounting is the program's goal.Which of the following measurements is the best outcomes measurement for this accounting program?

Accepted Answer

A) Number of accounting majors that graduate. 
B) Number of students that pass the CPA examination. 
C) Number of students in management positions in public accounting firms ten years after graduation. 
D) Number of students employed in public accounting within one year of graduation. 
A) Number of accounting majors that graduate. 
B) Number of students that pass the CPA examination. 
C) Number of students in management positions in public accounting firms ten years after graduation. 
D) Number of students employed in public accounting within one year of graduation.

Question 13

Which of the following is NOT an example of a performance budget?

Accepted Answer

A) Program budget. 
B) Object classification budget. 
C) Zero-base budget. 
D) Priority-based budget. 
A) Program budget. 
B) Object classification budget. 
C) Zero-base budget. 
D) Priority-based budget.

Question 14

It is difficult for accountants to have a role beyond auditing the financial statements of governments and not-for-profits.

Accepted Answer

A) True 
 B)False

Question 15

Which of the following is true about zero-based budgeting?

Accepted Answer

A) It is a variant of program budgeting. 
B) It requires activities of the entity to be evaluated over a five-year period. 
C) It currently is used by most state and local governments. 
D) It is incremental in approach. 
A) It is a variant of program budgeting. 
B) It requires activities of the entity to be evaluated over a five-year period. 
C) It currently is used by most state and local governments. 
D) It is incremental in approach.

Question 16

It is widely accepted that capital assets should be financed with resources on hand to achieve interperiod equity.

Accepted Answer

A) True 
 B)False

Question 17

What is the present value of Option #3?

Accepted Answer

A) $ 18,426. 
B) $235,522. 
C) $236,080. 
D) $242,882. 
A) $ 18,426. 
B) $235,522. 
C) $236,080. 
D) $242,882.

Question 18

Zero-base budgeting requires the periodic review of all programs, not just new ones.

Accepted Answer

A) True 
 B)False

Question 19

Help, Inc., a not-for-profit entity dedicated to providing assistance to the needy, has submitted to its governing body a budget that includes the following budgeted expenditures.   Which of the following best describes the budgeting practices of this entity?

Accepted Answer

A) The entity uses program budgeting techniques. 
B) The entity uses object classification budgeting techniques. 
C) The entity uses zero-base budgeting techniques. 
D) The entity uses priority-based budgeting techniques. 
A) The entity uses program budgeting techniques. 
B) The entity uses object classification budgeting techniques. 
C) The entity uses zero-base budgeting techniques. 
D) The entity uses priority-based budgeting techniques.

Question 20

With regard to audits of SEA, which of the following might be appropriate for an auditor to do?

Accepted Answer

A) Assess the appropriateness of the organization's basic objectives. 
B) Verify that the government selected the correct indicators to gauge whether its objectives were achieved. 
C) Evaluate whether SEA data is fairly presented. 
D) Evaluate the usefulness of SEA data.
Use the following information to answer Questions 26 through 29.
The City Swimming Pool is considering several options for maintaining the grounds around the pool area over the next ten years.One option is to buy a tractor with equipment for cleaning the underbrush and cutting the grass.A second option is to contract out with a local garden and nursery center that provides this kind of service.A third option is to hire many local youths to do most of the work by hand.The city already has several small lawnmowers and grass-cutting equipment.
Option #1
  
A) Assess the appropriateness of the organization's basic objectives. 
B) Verify that the government selected the correct indicators to gauge whether its objectives were achieved. 
C) Evaluate whether SEA data is fairly presented. 
D) Evaluate the usefulness of SEA data.
Use the following information to answer Questions 26 through 29.
The City Swimming Pool is considering several options for maintaining the grounds around the pool area over the next ten years.One option is to buy a tractor with equipment for cleaning the underbrush and cutting the grass.A second option is to contract out with a local garden and nursery center that provides this kind of service.A third option is to hire many local youths to do most of the work by hand.The city already has several small lawnmowers and grass-cutting equipment.
Option #1

The numerical value that best represents outputs of this program is

Many of the benefits of program budgeting may be ascribed to the organizational self-examination that it requires at the outset.

"Outputs" is a term used to indicate the quantity or units of service provided by an activity.

The numerical value that best represents outcomes is

The GASB's SEA reporting proposals focus on measures of efforts, measures of accomplishments, and measures that relate efforts to accomplishments.

Which of the following is a reason for governments and not-for-profit entities to incorporate service efforts and accomplishments (SEA)measures into their management process?

Due to limited resources, Johnson City must select from among the following capital projects.Which project should the city select?

Which of the following is an example of a cost-outcome measure?

Accountants are actively involved in collecting and analyzing data to be used by public policy makers.Which of the following other groups might also be involved in the data collection and analysis process?

A significant difference between not-for-profit organizations and businesses with regard to investments in capital (fixed)assets is that

Which option should the city select based solely on cost?

An accounting program has determined that preparing students for careers in public accounting is the program's goal.Which of the following measurements is the best outcomes measurement for this accounting program?

Which of the following is NOT an example of a performance budget?

It is difficult for accountants to have a role beyond auditing the financial statements of governments and not-for-profits.

Which of the following is true about zero-based budgeting?

It is widely accepted that capital assets should be financed with resources on hand to achieve interperiod equity.

What is the present value of Option #3?

Zero-base budgeting requires the periodic review of all programs, not just new ones.

Help, Inc., a not-for-profit entity dedicated to providing assistance to the needy, has submitted to its governing body a budget that includes the following budgeted expenditures. Which of the following best describes the budgeting practices of this entity?

With regard to audits of SEA, which of the following might be appropriate for an auditor to do?

The Government and Not-For-Profit Environment

Fund Accounting

Issues of Budgeting and Control

Recognizing Revenues in Governmental Funds

Recognizing Expenditures in Governmental Funds

Accounting for Capital Projects and Debt Service

Capital Assets and Investments in Marketable Securities

Long-Term Obligations

Business-Type Activities

Pensions and Other Fiduciary Activities

Issues of Reporting, Disclosure, and Financial Analysis

Not-For-Profit Organizations

Colleges and Universities

Health Care Providers

Auditing Governments and Notforprofit Organizations

Federal Government Accounting

Filters

Exam 15: Managing for Results

The numerical value that best represents outputs of this program is

Many of the benefits of program budgeting may be ascribed to the organizational self-examination that it requires at the outset.

"Outputs" is a term used to indicate the quantity or units of service provided by an activity.

The numerical value that best represents outcomes is

The GASB's SEA reporting proposals focus on measures of efforts, measures of accomplishments, and measures that relate efforts to accomplishments.

Which of the following is a reason for governments and not-for-profit entities to incorporate service efforts and accomplishments (SEA)measures into their management process?

Due to limited resources, Johnson City must select from among the following capital projects.Which project should the city select?

Which of the following is an example of a cost-outcome measure?

Accountants are actively involved in collecting and analyzing data to be used by public policy makers.Which of the following other groups might also be involved in the data collection and analysis process?

A significant difference between not-for-profit organizations and businesses with regard to investments in capital (fixed)assets is that

Which option should the city select based solely on cost?

An accounting program has determined that preparing students for careers in public accounting is the program's goal.Which of the following measurements is the best outcomes measurement for this accounting program?

Which of the following is NOT an example of a performance budget?

It is difficult for accountants to have a role beyond auditing the financial statements of governments and not-for-profits.

Which of the following is true about zero-based budgeting?

It is widely accepted that capital assets should be financed with resources on hand to achieve interperiod equity.

What is the present value of Option #3?

Zero-base budgeting requires the periodic review of all programs, not just new ones.

Help, Inc., a not-for-profit entity dedicated to providing assistance to the needy, has submitted to its governing body a budget that includes the following budgeted expenditures. Which of the following best describes the budgeting practices of this entity?

With regard to audits of SEA, which of the following might be appropriate for an auditor to do?

The Government and Not-For-Profit Environment

Fund Accounting

Issues of Budgeting and Control

Recognizing Revenues in Governmental Funds

Recognizing Expenditures in Governmental Funds

Accounting for Capital Projects and Debt Service

Capital Assets and Investments in Marketable Securities

Long-Term Obligations

Business-Type Activities

Pensions and Other Fiduciary Activities

Issues of Reporting, Disclosure, and Financial Analysis

Not-For-Profit Organizations

Colleges and Universities

Health Care Providers

Auditing Governments and Notforprofit Organizations

Federal Government Accounting

Filters