What type of benchmarking is most common in governments? Why?

Should citizens be concerned if the funded position for pension plans decreases over time? Why?

What system of government do Mexico and Brazil have?

Explain how organizational factors, such as management practices and legislative policies, affect a government’s financial condition.

When conducting a financial analysis, ratios based solely on governmental fund financial statements would not be considered sufficient for assessing economic condition. Explain why this statement would be true.

Identify some of the characteristics of a government’s citizens that can affect the government’s financial condition. Explain how the characteristics affect financial condition.

What is the form of government in which power is divided between the national government called?

The International City/County Management Association (ICMA) describes four types of solvency within the concept of financial condition. Identify each type and explain why each is important to the long-term financial health of a government.

What is the Financial Trend Monitoring System and how is it used?

The GASB indicates that economic condition is composed of three components. Identify and define the three components of economic condition.

Give examples of items (transactions) that would require reconciliation of total governmental fund balances to net position of governmental activities.

Explain the distinction(s) between custodial funds and trust funds. What financial statements are prepared for each?

What is the financial reporting model project, and why is it important?

Give examples of items (transactions) that would require reconciliation of total governmental fund balances to net position of governmental activities.