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Discuss the purpose of the capital projects fund, debt service fund, and permanent fund. Describe the difference between government-wide financial statements and fund-basis financial statements.
- Discuss the purpose of the capital projects fund, debt service fund, and permanent fund.
- Describe the difference between government-wide financial statements and fund-basis financial statements.
- Why is it necessary for the federal government accounting standards to differ from state and local governments accounting standards?
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
4th edition
978-0073369709, 73369705, 78025370, 978-0077444846, 77444841, 978-0078025372
