Additional problems arise if the internal service fund has significant positive (or negative) operating income. Operating income is the excess of service revenues over the costs of providing the service (i.e., operating expenses). Consider the case of an internal service fund servicing police, fire, and other vehicles used in departments reported in the General Fund. If the internal service fund has positive operating income, the expenditures reported in the General Fund exceed the true cost of operating the government. If these amounts are significant over periods of time, some of the accumulated surplus (fund balance) of the General Fund is effectively shifted to the internal service fund (net assets).
explain accounting policy involves politics?
Most of the people do not know the rules of Debit and Credit. That is the main problem in accounting.
Creative accounting accountants resolve problems. Creative accounting must still abide by the Generally Accepted Accounting Principles. Typically, experienced accountants utilize creative accounting.
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A computerized accounting system can have faults embedded into the software. These problems can lead to inaccurate calculations for the business.
Roman civilization feel because of internal problems.
An advantage of inflation accounting, is that it can correct problems with inflation. The negative part about inflation accounting is that it is not fair value accounting.
explain accounting policy involves politics?
W. Rogers Hammond has written: 'Accounting machines' -- subject(s): Calculators 'How to solve accounting problems' -- subject(s): Accounting, Problems, exercises
Most of the people do not know the rules of Debit and Credit. That is the main problem in accounting.
Charles Forest Rittenhouse has written: 'New modern illustrative bookkeeping' -- subject(s): Bookkeeping 'Accounting theory and practice' -- subject(s): Accounting 'Advanced accounting problems' -- subject(s): Accounting, Problems, exercises
which of romes internal problems hurt the empire the most
Creative accounting accountants resolve problems. Creative accounting must still abide by the Generally Accepted Accounting Principles. Typically, experienced accountants utilize creative accounting.
The problems associated with management accounting vary greatly, but the more commonly known problems within it would be the cost involved, the constrains or strict guidelines involved, and the inaccuracy that results from it.
Richard G. Schroeder has written: 'Survey of accounting' -- subject(s): Accounting 'Financial accounting theory and analysis' -- subject(s): Accounting, Problems, exercises
The importance of Mathematics in accounting is that different accounting activities require the use of Mathematical principles. Mathematics will therefore help accountants to effectively solve various accounting problems easily.
answer in chapter 9 in advanced accounting 1 by guerrero