ACC219 Exam 2 Study Guide.docx - Northern Virginia...

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Northern Virginia Community College Extended Learning Institute ACC219 Exam 2 Study Guide Exam 2 (ch 5-8) Closing entries and which accounts are closed at the end of each year in the governmental funds. Encumbrance and encumbrances outstanding accounts, type and when used. What type of activities are accounted for in an enterprise, special revenue, debt service, and internal service fund. Different types of governmental funds. Required sections of a CAFR. Required financial statements for not-for-profit organizations. Primary users of state or local government financial statements. Organizations included as part of the governmental reporting entity. Financial reporting by fund type required for state and local governments, characteristics of funds. Journal entries for recording the budget, which accounts and debited and credited; identify the budgetary accounts. Modified accrual basis required for which funds of state and local governments, and rules of modified accrual accounting.
Image of page 1
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern