Accounting
Federal Government
Capital Assets
Inter-Government
Auditing
100
The counterpart to liabilities.
What are assets?
100
This Federal Agency collects taxes
What is the IRS?
100
This is a type of capital asset.
What are buildings, bridges, equipment, vehicles, etc.?
100
This type of government is best at raising revenue.
What is the Federal Government?
100
This is why audits are performed.
What is honesty, fiscal health, weak points, or fraud?
200
The type of accounting where transactions are recorded when they occur, regardless of cash exchanges.
What is accrual accounting?
200
This is the act of buying and acquiring resources
What is "Procurement"?
200
This is a separate budget used to plan for capital assets
What is a Capital Budget/Capital Investment Plan?
200
This is the main way local municipalities finance capital assets.
What are bonds?
200
Risk management is the duty of this office.
What is the duty of the OMB/Budget Office during Execution and Auditing?
300
The most liquid form of an asset
What is cash?
300
Detailed language in bills to ensure agencies operate according to Congress' wishes.
What is legislative intent?
300
These are the larger effects of capital assets, either intended or not.
What are externalities?
300
Minimum wage increases are a type of this.
What are mandates?
300
This is a type of governmental fund.
What are Governmental, Proprietary, or Fiduciary Funds?
400
These are the set of accounting guidelines all organizations must follow.
What are Generally Accepted Accounting Principles?
400
This is a way the OMB reconstructs federal agencies
What is reorganizing, downsizing, privatizing, outsourcing?
400
The annual liability in an operating budget for capital assets.
What is depreciation cost?
400
This is one aspect of a typical grant.
What is the purpose, amount, the recipient, or the distribution method?
400
These funds are more business-like in nature.
What are proprietary funds?
500
This is the basic accounting formula
What is assets = liabilities + fund balance?
500
The equation to calculate the future value of money.
What is 
500
The amount where an asset is considered a "capital" asset.
What is decided internally by each organization and has no official guidelines?
500
A historical form of Federal aid to states that was simply giving states a percentage of federal income.
What is Revenue Sharing?
500
These are financial standards the public sector must adhere to.
What are the Governmental Accounting, Auditing, and Financial Reporting (GAAFR) guidelines?