Chapters 2 through 9 deal with specific knowledge needed to understand accounting and financial reporting by state and local governments. A continuous problem is available in additional resources through Connect. The problem assumes the government is using fund accounting for its internal record-keeping and then at year-end makes necessary adjustments to prepare the government-wide statements. The problem covers all of the funds of the City of Monroe. At appropriate stages, beginning in Chapter 4, preparation of the fund and government-wide statements are required. The following funds are included in this series of problems.

General
Special revenue—Street and Highway Fund
Capital projects—City Hall Annex Construction Fund
Debt service—City Hall Annex Debt Service Fund
Debt service—City Hall Debt Service Fund
Internal service—Stores and Services Fund
Enterprise—Water and Sewer Fund
Agency—Tax Collection Fund
Investment trust—Area Investment Pool Fund
Private-purpose—Student Scholarship Fund
Pension trust—Fire and Police Retirement Fund