Aaae ace airport finance Study guides, Class notes & Summaries

AAAE ACE Airport Finance Mod 2 2023 GRADED A+ 1. Cash Basis Accounting: records revenues when cash is received and expenses when cash is paid 2. Accrual Basis Accounting: reporting income when it is earned and expenses when they are incurred, does not matter when cash is exchanged 3. Modified Accrual Accounting: recognized 1) revenues when the resulting current financial resources are both measurable and available to be used and 2) expenditures when they are incurred 4. GAAP Principles: R...

Cash Basis Accounting records revenues when cash is received and expenses when cash is paid Accrual Basis Accounting reporting income when it is earned and expenses when they are incurred, does not matter when cash is exchanged Modified Accrual Accounting recognized 1) revenues when the resulting current financial resources are both measurable and available to be used and 2) expenditures when they are incurred GAAP Principles Recognition, measurement, presentation, disclosure Operating Bud...

AAAE ACE Airport Finance Mod 2: Questions And Answers

AAAE ACE Airport Finance Mod 1 Questions with correct Answers 2023 ARP Airports Organization Responsible for airport safety standards, planning, design, and construction APP Office if Airport Planning and Programming Administers policy for planning, development, and environmental protection. Also oversees AIP grants and PFC program APP-500 (Div. if APP) Airport Financial Assistance Manages AIP and PFC programs APP-400 (Div. of APP) Airport Planning and Programming Provi...

Cash Basis Accounting records revenues when cash is received and expenses when cash is paid Accrual Basis Accounting reporting income when it is earned and expenses when they are incurred, does not matter when cash is exchanged Modified Accrual Accounting recognized 1) revenues when the resulting current financial resources are both measurable and available to be used and 2) expenditures when they are incurred GAAP Principles Recognition, measurement, presentation, discl...

ARP Airports Organization Responsible for airport safety standards, planning, design, and construction APP Office if Airport Planning and Programming Administers policy for planning, development, and environmental protection. Also oversees AIP grants and PFC program APP-500 (Div. if APP) Airport Financial Assistance Manages AIP and PFC programs APP-400 (Div. of APP) Airport Planning and Programming Provides guidance on planning and development of nation's system of airp...

AAAE ACE Airport Finance Module 2 (Q&As) 2023 GRADED A+

ARP Airports Organization correct answersResponsible for airport safety standards, planning, design, and construction APP Office if Airport Planning and Programming correct answersAdministers policy for planning, development, and environmental protection. Also oversees AIP grants and PFC program APP-500 (Div. if APP) Airport Financial Assistance correct answersManages AIP and PFC programs APP-400 (Div. of APP) Airport Planning and Programming correct answersProvides guidance on planning...

ARP Airports Organization - Answer Responsible for airport safety standards, planning, design, and construction APP Office if Airport Planning and Programming - Answer Administers policy for planning, development, and environmental protection. Also oversees AIP grants and PFC program APP-500 (Div. if APP) Airport Financial Assistance - Answer Manages AIP and PFC programs APP-400 (Div. of APP) Airport Planning and Programming - Answer Provides guidance on planning and development of nati...