Chapter 15: 1) Know the different types of governmental funds. 2) Know the types of transactions that flow through governmental funds (for example, business transactions happen in the enterprise funds, not governmental funds. 3) Understand the governing body of governmental statements (especially the GASB and GAO). 4) What are Deferred Inflows and Outflows of Resources? When are they used? 5) Be able to recognize and complete certain journal entries for governmental funds (including budgetary and closing entries). 6) What is an encumbrance? Understand how to book the initial entry, reverse it, and book the actual expense. Chapter 16 1) Study in more detail the purposes and journal entries for the governmental funds not covered in chapter 15. 2) Make sure you understand special assessments. 3) What is the purpose of proprietary funds? Understand the types of proprietary funds and the differences between them. 4) What is the purpose of fiduciary funds? Understand the types of fiduciary funds and the differences between them. Chapter 17: 1) What is the reporting model for government financial statements according to GASB 34? 2) Understand what is included in the Management Discussion and Analysis section. 3) Understand the requirements for funds to be reported as "Major Funds." 4) Understand the reporting of internal service funds under GASB 34. 5) Understand how fixed assets and long-term debt are accounted for in the government wide financial statements. 6) Understand the audit requirements under the Single Audit Act. 7) Understand the statistical section of the government's audit report. 8) Understand conversion from Fund Statements to Gov't Wide Financial Statements.