Montana Historical Society Financial-Compliance Audit for the Two Fiscal Years Ended .. 1986
The book Montana Historical Society Financial-Compliance Audit for the Two Fiscal Years Ended .. 1986 was written by author Montana. Legislature. Office of the Legislative Auditor Here you can read free online of Montana Historical Society Financial-Compliance Audit for the Two Fiscal Years Ended .. 1986 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Montana Historical Society Financial-Compliance Audit for the Two Fiscal Years Ended .. 1986 a good or bad book?
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— The anticipated cost of equipment is expensed in the fiscal year in which budgeted. --Goods ordered, but not received as of the fiscal year-end, may be accrued if the purchase order was issued in the fiscal year in which the anticipated expenditure is to be accrued. Revenues are recorded when received in cash unless suscepti- ble to accrual. Revenues are susceptible to accrual if: 1 . They are measurable and available to finance expendi- tures of the fiscal period; or 2. Are material in amoun...t and are not received at the normal time of receipt. The society utilizes the accrual basis of accounting for Pro- prietary and Nonexpendable Trust Funds. Under the accrual basis of accounting, revenues are recognized in the accounting period in which they are earned and become measurable; expenses are recognized in the period incurred (if measurable). n Basis of Presentation The financial schedules were prepared from the Statewide Budgeting and Accounting System (SBAS) without adjustments. Accounts are organized on the basis of funds according to state law.
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