Active TopicsActive Topics  Display List of Forum MembersMemberlist  Search The ForumSearch  HelpHelp
  RegisterRegister  LoginLogin
FAR STUDY GROUP
 CPAnet Forum : FAR STUDY GROUP
Subject Topic: Governmental accounting-terminology (Topic Closed Topic Closed) Post ReplyPost New Topic
  
Author
Message << Prev Topic | Next Topic >>
sanju06
Regular
Regular


Joined: 23 Sep 2008
Online Status: Offline
Posts: 181
Posted: 07 May 2009 at 22:56 | IP Logged  

I am not sure of the meaning of the following terms:

Object, Program, Function,Activity(CPA-00947). Can someone explain with examples?

Thanks.

Back to Top View sanju06's Profile Search for other posts by sanju06
 
divyagovil1
Major Contributor
Major Contributor
Avatar

Joined: 30 Jan 2009
Location: India
Online Status: Offline
Posts: 1456
Posted: 08 May 2009 at 20:30 | IP Logged  

These classifications still confuse me... Anyways, here you go :-

Budget and Accounting Classifications

FUNCTION

Broad classification of government responsibilities, such as public safety, health, education, welfare, recreation, and general government.

PROGRAM OR SUBPROGRAM

CLASSIFICATION

Used in program budgeting to group similar activities, often involving several organizational units, for purposes of analysis and evaluation, as well as the allocation of funds.

ACTIVITY CLASSIFICATION

Expenditure data organized according to the responsibilities of governmental units. The Police Department, for example, is responsible for crime investigation, traffic control, crowd control, and so forth.

ORGANIZATIONAL UNIT

Designated units or subunits within the organizational, such as Police Department or Department of Parks and Recreation, authorized to hire personnel and make expenditures.

CHARACTER OF

EXPENDITURE

Aggregates of expenditures that have certain specific qualities such as current operating expenditures, capital expenditures, and debt service. Current operating expenditures represent the aggregate of personal services, contractual services, materials and supplies, and some types of equipment expenditures.

OBJECT OF EXPENDITURE

Lowest level of classification. Objects of expenditure are the particular types of goods bought or services received for the expenditures. Examples are: personal services (salaries, wages, and related employee benefits), contractual services, materials and supplies, equipment, property improvements, and debt service.

 Hope this helps !



__________________
Divya - CO State

Passed using Becker Review :
FAR - 04/11/09 - 94
BEC - 05/30/09 - 86
REG - 08/29/09 - 95
AUD - 11/21/09 - 92
Ethics - 2011
Back to Top View divyagovil1's Profile Search for other posts by divyagovil1 Visit divyagovil1's Homepage
 
sanju06
Regular
Regular


Joined: 23 Sep 2008
Online Status: Offline
Posts: 181
Posted: 08 May 2009 at 22:48 | IP Logged  

Thanks Divya!
Back to Top View sanju06's Profile Search for other posts by sanju06
 



Sorry, you can NOT post a reply.
This topic is closed.


  Post ReplyPost New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

Powered by Web Wiz Forums version 7.9
Copyright ©2001-2010 Web Wiz Guide

This page was generated in 0.0938 seconds.

Copyright © 1996-2016 CPAnet/MizWeb Communities All Rights Reserved
Twitter
|Facebook |CPA Exam Club | About | Contact | Newsletter | Advertise & Promote