View
130
Download
0
Category
Preview:
DESCRIPTION
This is a broad overview of government accounting for purposes of preparing for the FAR section of the CPA Exam.
Citation preview
2. Basis of AccountingModified Accrual 3. TypesAgencyPensionInvestmentPrivate Purpose Trust Funds 4. Agency FundThe Government Holds Assets For Another Party 5. Agency FundAssets = Liabilities 6. Agency FundNo RevenueNo ExpendituresNo Fund Balance 7. Private Purpose TrustSimilar to Permanent FundBUT...Benefits Third Parties 8. Private Purpose Trust...Benefits Small GroupsNot the Public or the Government
Recommended