What accounting problems arise if an internal service fund is operated at a significant profit?
Thursday, February 21, 2013
Chapter 6 - internal service fund profit
Chapter 6 - internal service fund loss
What accounting problems arise if an internal service fund is operated at a significant loss?
Chapter 6 - enterprise funds profit
Why may it be desirable to operate enterprise funds at a profit?
Chapter 5 - fund type for trust activities
A concerned citizen provides resources and establishes a trust with the local government. What factors should be considered in determining which fund to report the trust activities.
Monday, February 4, 2013
Chapter 4 - exchange and non-exchange eligibility
Identify and describe one of the four eligibility requirements for exchange and non-exchange transactions per GASB Statement 33.
Chapter 4 - categories of non-exchange
Identify one of the four categories of non-exchange transactions (GASB Statement 33), give an example, and identify the asset and revenue recognition criteria.
Chapter 4 - property tax revenue
Describe the specific requirements for property tax revenue under modified accrual accounting.
Chapter 4 - debt service expenditures
Describe the expenditure recognition criteria for debt service expenditures under modified accrual accounting.
Chapter 4 - compensated absences
Describe the expenditure recognition criteria for compensated absences expenditures under modified accrual accounting.
Subscribe to:
Posts (Atom)