Journal Entries Quiz2 MC review

Journal Entries Quiz2 MC review - Problem 1-3 pg 34...

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Problem 1-3 pg 34 matching Financial Statements Statements of net assets- government wide GA,BTA A Statement of Activities – government wide GA,BTA A Balance sheet – government funds GF MA GF MA Statement of Net Assets – proprietary funds PF A PF A Statement of Cash flows – proprietary funds PF A Statement of fiduciary net assets FF A Statement of changes in fiduciary net assets FF A Key is: Activities or Funds: Governmental Activities – GA Business type activities – BTA Governmental Funds – GF Proprietary funds – PF Fiduciary Funds- FF Basis of Accounting: Accrual- A Modified Accrual- MA Measurement Focus: Economic resources- ER Current Financial Resources- CFR Activities or Fund Reported Basis of Accounting Statement of revenues, expenditures and changes in fund balances – governmental funds Statement of revenues, expenses, and changes in fund net assets – proprietary funds
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ER ER CFR CFR ER ER ER ER ER Measurement Focus Government Wide Financial Statements Fund Financial Statem ents: Government al Funds Fund Financial Statem ents: Proprietary Funds Fund Financial Statem ents: Fiduciary Funds Fund Financial Statem ents: Entity Wide, GASB Financial Stateme
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B 34 nts:
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file:////home/vdimitrov/26408/c3f99a6169688969b476ad25868ffedc960ae9c8.xls /Journal Entries 08/02/2011  Problem Number   General Ledger Governmental Funds   Specific Ledger/Fund Description   Debits   Credits    General Fund statement of revenues, expenditures, and changes in fund balances as
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This note was uploaded on 08/01/2011 for the course ACCT 434 taught by Professor Mcclellan during the Spring '11 term at National.

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Journal Entries Quiz2 MC review - Problem 1-3 pg 34...

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