A7.1 Twatt - C hapter 7 Tiffany Watt Assignment: A7.1 March...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 7 Tiffany Watt Assignment: A7.1 March 23, 2011 AC 325 – E01 Examine the CAFR. 7-1a. 1. What activities of the government are reported as being administered by internal service funds? The City uses internal service funds to account for its property management services, equipment services, business information systems, central stores, engineering lab, outside purchase of asphalt and cement services, city attorney, workers’ compensation, unemployment benefits and other payroll related services. If internal service funds are not used by the reporting entity, does the report disclose how financing and accounting for activities such as purchasing, motor pools, printing, data processing, and other activities commonly used by more than one fund are handled? Internal service funds are used by the reporting entity. Does the report state the basis of accounting used for the internal service funds? Yes, the accrual basis Is the accounting for all funds in this category on the same basis? Yes
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 09/01/2011 for the course BUSINESS 101 taught by Professor - during the Spring '11 term at Mississippi Valley State University.

Page1 / 2

A7.1 Twatt - C hapter 7 Tiffany Watt Assignment: A7.1 March...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online