Explain what is meant by the sentence, "A fund is a fiscal and
an accounting entity."
Why are the accounts additions and deductions used in place of
revenues and expenses in a government's statement of changes in
fiduciary net position?
In relation to fund accounting, explain what is meant by the
following special funds and explain fully how they are
operated.
a) Revolving funds
b) Trust funds
c) Sinking funds
Explain what is meant by diversification? Is this the same as
asset allocation? Why or why not? Why are these terms important to
you as an investor? What can happen if you do not properly
diversify/allocate? What life considerations must be taken into
account when developing a diversification / allocation strategy?
How do any of the financial instruments you have learned about so
far in this course help accomplish these needs?
Explain what is meant by the time value of money. Why is it
important? Why is the present value of $100 that you expect to
receive one year from today worth less than $100 received
today?
True or False. If false explain why it is false and explain what
is meant by all parts of the statement.
The nuclear localization is a post-translational
modification.
Explain what is meant by a critical approach to accounting
theory. What does this approach seek to achieve? Illustrate your
answers by describing theories that use such an approach.
(1,000 words essay question)
a) Explain what is meant by the statement “the genetic code is
degenerate”. Why it is advantageous for the code to be
degenerate?
b) How is it possible that some tRNA molecules recognize more
than one codon?