Author Question: The three phases of setting up an accounting system are, in order a. design, implementation, ... (Read 141 times)

BRWH · **on:** Jul 5, 2018

The three phases of setting up an accounting system are, in order
a. design, implementation, analysis
b. analysis, design, implementation
c. design, analysis, implementation
d. implementation, design, analysis

Question 2

A Pension Trust Fund prepares two financial statements and two supplementary schedules. Where does the obligation (calculated by the actuary) for the total benefits earned by employees and retirees, as of a specific point in time, appear?

a. in the Statement of Fiduciary Fund Net Position
b. in the Schedule of Funding Progress
c. in both the Statement of Fiduciary Fund Net Position and the Schedule of Funding Progress
d. in the Statement of Changes in Fiduciary Fund Net Position