Where are the following reported? Choose all that apply but ignore effects on equity accounts. In some
cases, the item is reported as part of another or in other cases in multiple forms.
(1) Fund statements of revenue, expenditure and change in fund balan
Test 3 Review
40 Multiple choice questions
Form of accounting used for each fund type
Fund and government-wide statements: type of accounting, what is reported on each.
Government-wide v fund statements whats in each, whats not and how many times
Gov-wide Quiz A
On Jan. 1,2015, the city owned land and a building (city hall) used for administration functions. The land cost
$100,000 and the building $500,000. The building is 10 years old and has a remaining expected life of 30 years.
Analysis of St. Judes Childrens Hospital Financial Statement
St. Judes Children Research Hospital is known today as one of the worlds largest cancer
research institutions in the country. Since its establishment in 1962, St. Judes has been the
McCoy College of Business Administration
TEXAS STATE UNIVERSITY
Department of Accounting
ACC 3314 - Sections 252 and 253
Intermediate Accounting II
David N. Herda, Ph.D., CPA
T Th 1:30-4:00 pm or by app
Internal Service Funds
The second type of proprietary fund, this fund provides goods/services to other funds in
the same entity. They are expected to break-even while covering their full cost. Other
than a difference in customers, ISF and Enterprise funds
Deriving Government-wide Statements
To go from fund statements to government-wide statements you must consolidate all
governmental funds plus any internal service funds, and change to full accrual.
Worksheet method: in the first column, list all accounts
Test-like governmental review
The city has a fiscal year ending 12-31 and uses straight-line depreciation with the half-year convention for all
capital assets. City functions include administrative, public safety and cultural.
The General Fund has recorde