Government Accounting

Government Not-For-Profit Accounting - Chapters 5-9 (Reviewer) 1. Which funds typically record budgets? 2. Journal entry to record an entry when a contract is awarded on a building. 3. What type of fund balance would a debt service fund and fund use? 4. Debt service funds, including whether to use them for capital leases, what type of accounting they use (i.e. modified or accrual), and whether a separate fund is required for each obligation. 5. Requires the calculation of debt service fund expenditures for a year based on facts provided. 6. How to handle premiums from bonds when issued for a capital projects fund? 7. How to record proceeds from a bond issuance into the capital projects fund? 8. What an internal service fund is used to account for? 9. What the Restricted Net Position fund balance account is used for? 10. What solid waste landfills are required to account for? 11. An internal service fund covering risk financing activities and how it would account for claims as what type of expense? 12. What financial statements are required for a proprietary fund? 13. What statements should long-term liabilities be recorded in for enterprise funds? 14. How bond proceeds would be shown on a Cash Flow Statement for a proprietary fund