questions amp answers 1

Each should be answered in a min of 50 words

Accounting for Government and Non-Profit Entities, Ch. 9

Interfund Transfers

(MARTIN GINSBURG)

using a government entity,

  • identify where an interfund transfer has occurred?
  • Explain which funds were involved in the transfer.
  • Why would a government entity transfer money from one fund to another?
  • How are the interfund transfers reported on a financial report?

Government-Wide Statements

(MARTIN GINSBURG)

using a government entity,

  • identify where the government-wide statements have been presented using the fund statements.
  • What is a governmental reporting entity?

Accounting for Government and Non-Profit Entities, Ch. 10

Revenue Sources

MARTIN GINSBURG

using a government entity you are interested in,

  • What are some examples of that government’s source of revenue?
  • How are these sources accounted for?
  • In regards to GASB guidelines, what is the revenue recognition criteria used in government entities and how would it be used in this government entity?

 

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