Purchase Solution

Valid Appropriation

Not what you're looking for?

Ask Custom Question

It is illegal for a government to spend money for any purpose unless a valid appropriation for that purpose exists. Does this legal rule assure good financial management for each government? Why or why not?

Purchase this Solution
Solution Summary

This solution discusses sound financial management within the governmental structure. This solution also discusses how and why different appropriations exist, for governmental budgeting and allocation purposes.

Solution Preview

It is illegal for a government to spend money for purposes unless a valid appropriation has been made. The appropriation must be made before the expenditure is incurred (or in the process, thereof), or the transaction is not in compliance with current auditing standards. This prevents persons either authorized ...

Purchase this Solution
Free BrainMass Quizzes
Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Understanding Management

This quiz will help you understand the dimensions of employee diversity as well as how to manage a culturally diverse workforce.

Motivation

This tests some key elements of major motivation theories.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Production and cost theory

Understanding production and cost phenomena will permit firms to make wise decisions concerning output volume.

View More Free Quizzes
Related BrainMass Solutions

  • Legal Significance of Appropriation

    The auditor must attempt to ascertain that there were no material expenditures in violation of the appropriation ordinance or resolution. 2) It is illegal for a governmental unit to spend money for any purpose unless a valid appropriation for that

  • Funding federal contracts for goods and services

    An appropriation is defined for a particular period of duration that is for a fiscal year, and the bona fide is valid for that particular course of time (Jensen, 2006). This rule has a statuary basis.

  • Midler v. Ford Motor Co.

    ., Bette Midler sued Ford for unauthorized appropriation. Explain what appropriation is. Tell me what type of civil claim appropriation is and what a person has to prove to win damages for it.

  • Fiscal Law and Use of Appropriations

    An appropriation for National Capital Park and Planning Commissions is a good example of this type of appropriation.

  • Journal Entries

    FOR CONTINGENCES BY 20,000 DEC 15 INCREASED THE APPROPRIATION FOR TREASURY STOCK TO 34,000 DEC 31 CLOSED THE CREDIT BALANCE OF THE INCOME SUMMARY ACCOUNT, 87,540 Please see the attached file.

  • Government Unreserved General Fund Balance

    "The unreserved balance of the general fund represents the balance available for legal appropriation and expenditure for general operating expenditures", as stated on the website www.nces.ed.gov.

  • How the use of open records improves government

    http://www.highbeam.com/doc/1G1-114519339.html What are the circumstances in which written consent may not suffice as a defense in an appropriation case?

  • Ratio Transaction Effects

    of buildings financed by mortgage (b) Purchase of inventory on short term loan at 1% over prime rate (c) Declaration and payment of cash dividend (d) Declaration and payment of stock dividend (e) Firm increase profit by cutting cost of sales (f) Appropriation

  • Budget Resolution

    It does not becomes law but it provides a framework for legislative action pertaining to revenue measures, appropriation bills, etc. We can say that the actual appropriation process' blueprint is Budget resolution.

View More Related Solutions