As the newly elected chief financial official of FairlyNew City you have certain decisions to make regarding thefinancial reporting of the city. You quickly realize that […]
When would expenditures for services used by theGeneral Fund Departments be recognized when the funds areavailable for payment or when the services arereceived?
Proprietary funds are business-like activities.The accounting equation for a proprietary fund is: Current Assets +Noncurrent Assets = Current Liabilities + Long-Term Liabilities +Net Assets. What are […]
You are in a staff meeting with the city controller andone of your colleagues was quoted as follows: Capital projectsfunds are established by a government to […]
What are some of the factors that should be consideredwhen deciding if a particular undertaking by a government should beaccounted for as an Enterprise Fund or […]