ACCOUNTING FOR GOVERNMENTAL

organization for which the elected officials of a primary government are
financially accountable. In addition, a component unit can be another organization for which the nature and significance of its relationship with a primary government are such that exclusion would cause the r[r]

50. Explain the nature of the three major activity categories of a state or local
government: governmental activities, business-type activities, and fiduciary activities. Provide examples of each.
Governmental activities are those core governmental services, together with[r]

1, 9 pronouncements, 189–190 _Recognition and Measurement of Certain Liabilities _ _and Expenditures in Governmental Fund Financial _ _Statements_ Interpretation 6, 89 _Service Efforts a[r]

Inventories are reported on the statement of net assets either at cost or at market value, whichever is lower. One important matter in accounting for inventories is referred to as the flow as- sumption. The flow assumption determines which items from inventory are considered to be[r]

Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures and changes in fund balances for the General F[r]

CORE COURSES SPECIALIZATIONS INTRODUCTION TO FINANCIAL ACCOUNTING XB102A INTRODUCTION TO MANAGERIAL ACCOUNTING XB102B INTERMEDIATE FINANCIAL ACCOUNTING II X421.2 ACCOUNTING FOR CONTROLLE[r]

Information is presented separately in the governmental fund balance sheet and in the governmental fund statement of revenues, expenditures, and changes in fund balances for the General [r]

OTHER POST-EMPLOYMENT BENEFITS OPEB Beginning with the fiscal year ending June 30, 2008, the State of Montana and the Board implemented Governmental Accounting Standards Board GASB State[r]