Answer:
1. Available to finance expenditure of the current period
Explanation:
Government Accounting is concerned with propriety i.e judicious use of resources and allocation of government funds so as to ensure efficient performance of government entities.
Efficiency refers to input/output ratio whereas effectiveness refers to achievement of government programs.
Government requires funds for allocation to various projects which require sanctioning by an authority.
In the same context, the concept of "available" refers to the availability of funds to meet the current period expenditure and liabilities.
Answer:
<em>Transferable skills</em>
Explanation:
Transferable skills <em>include all abilities that you may have, that are helpful to companies throughout different employment and sectors.
</em>
They may involve abilities that companies pursue in powerful applicants such as versatility, organisation, sportsmanship or other characteristics.
These skills can be used when searching for a new job to place your previous experience, especially if it's in another sector.
Answer:
$54,078.85
Explanation:
This is a Time Value of Money question, We are required to find the Payment (Pmt) from the following given parameters :
Pv = $250,000
i = 8%
n = 6
P/yr = 1
Fv = $ 0
Pmt = ?
Pmt = <em>$54,078.85</em>
Therefore Payment per year is <em>$54,078.85</em> (using a financial calculator)
Answer: 2 steps
Explanation: While calculating impairment of goodwill following steps should be taken :-
1.In the first step the fair value of the goodwill is compared with its carrying value.
2. In the second step, if the fair value comes to be lower than the carrying value, then it is concluded that there is an impairment and then it is computed accordingly.
Answer:
<em>Discretion</em>
Explanation:
In the legal system, <em>discretion is most often described as a judge's ability to choose where, how and how severely a person who has been convicted should be sentenced.</em>
An individual decides to use his or her options and decides what to use, whether he or she is a police officer who arrests a person on the street (criminal) or expels someone from an apartment (civil) or anywhere between.
There are some cases overruling or undermining the rule of law by imposing control.
Nevertheless, legislation can not be written without discretion, so the rule of law helps to direct discretion against societal expectations, standards and, at least in part, public interest.
