Identify one of the types of non-exchange revenues that are most likely to result in differences in the timing of recognition between the accrual and modified accrual bases of accounting.
Friday, March 8, 2013
Chapter 8 - timing recognition of non-exchange revenues
Chapter 8 - internal service funds
Why are internal service funds most commonly displayed as governmental activities?
Chapter 8 - infrastructure methods
How is the accounting different under the two methods used to record infrastructure expense?
Chapter 8 - modified approach infrastructure conditions
What conditions must exist in order to use the modified approach to record and report infrastructure?
Chapter 8 - disclosures infrastructure
What are the disclosure requirements if the modified approach is used?
Sunday, March 3, 2013
Chapter 7 – interfund transaction
What is meant by the term interfund transaction and what are the four types of such transactions?
Chapter 7 - special assessment
When is it appropriate to account for special assessment activities in an agency fund?
Chapter 7 - special assessment tax
In which fund should the special assessment tax receipts be reported if they do not meet the criteria for an agency fund?
Chapter 7 – a pension trust fund required financial statements
What are the required financial statements for a pension trust fund?
Chapter 7 –required supplementary schedules
What are the required supplementary information schedules?
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