government accounting - proprietary funds
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DESCRIPTION
This is a broad overview of government accounting for purposes of preparing for the FAR section of the CPA Exam.TRANSCRIPT
- 1. Proprietary Funds
2. Basis of AccountingAccrualJournal Entries Are Similar to Those Posted byBusinesses 3. Two TypesInternal Service FundsEnterprise Funds 4. Internal Service FundIn general, customers are othergovernment departments 5. Enterprise FundIn general,customers are third parties 6. LandfillsUnits of Production MethodForEstimated Future Costs 7. Statement Of Cash FlowDirect Method Only 8. Statement Of Cash Flow4 Sections (Business Have 3) 9. Statement Of Cash FlowGOVERNMENTS BUSINESSESOperating OperatingFinancing Activities - CapitalFinancingFinancing Activities Non CapitalInvesting Investing 10. Financing Activities - CapitalFixed Asset Transactions 11. Financing Activities Non CapitalLoans and TransfersNot Related ToFixed Assets