CPPB Exam Questions and Answers 100% Correct

CPPB Exam Questions and Answers 100% CorrectCPPB Exam Questions and Answers 100% CorrectCPPB Exam Questions and Answers 100% CorrectCPPB Exam Questions and Answers 100% Correctbudgeting - ANSWER-the allocation of scarce resources among competing demands allotment - ANSWER-controls the rate of spending authorized by an appropriation allocation - ANSWER-controls specific use of the monies appropriated cash basis accounting - ANSWER-income is not counted until cash (or check) is actually received, and expenses are not counted until they are actually paid. accrual basis accounting - ANSWER-Transactions are recognized at the time they are incurred, as opposed to when cash is received or spent. encumber funds - ANSWER-To set aside or commit funds for a specified future expenditure. policy document - ANSWER-a good budget should articulate the program priorities and goals operations guide - ANSWER-a good budget should indicate the allocation of resources and the performance objectives and measures of the various departments, programs, and activities. financial plan - ANSWER-a good financial plant or budget should indicate the sources of revenue or any debt financing communications device - ANSWER-a good budget should stimulate dialogue among the public about important budge issues fund - ANSWER-an independent fiscal entity with assets, liabilities, reserves, a residual balance or equity, and revenues and expenditures for undertaking activities.