This is a broad overview of government accounting for purposes of preparing for the FAR section of the CPA Exam.
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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
