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Using your CAFA from the earlier assignment, answer the following: Governmental Accounting Classroom Assignment Chapter 10 and 11 Class Using your CAFA from the earlier
Using your CAFA from the earlier assignment, answer the following:
Governmental Accounting Classroom Assignment Chapter 10 and 11 Class Using your CAFA from the earlier assignment, answer the following: 1. Review the Statement of Positions for the proprietary funds. List the major enterprise funds from the statement assets and liabilities in Net Positions for the proprietary funds. Is the "all 2. Is the statement classified between current and noncurrent 3. Review the Statement of Revenues Expenses and Changes inclusive format used? a. Are revenues reported by source b. Are expenses reported by functions or by object classification c. Is depreciation reported separately 4. Review the Statement of Cash Flows for the proprietary funds. a. List the four categories of cash flows. 5. Review your CAFA and look at any combining statements and list the nonmajor enterprise funds. a. List the internal service funds 6. Examine the financial statements from the point of view of a financial analyst. Write down the following: a. The unrestricted net position balances for each of the major enterprise funds and the nonmajor enterprise and internal service funds. b. Write down the income before contributions, extraordinary items, special items, transfers from each fund. provided) and review the transfers.] or is subsidized by enterprise fund. c. Compare these numbers with the prior years (if d. Can you tell if the general government is subsidizing Governmental Accounting Classroom Assignment Chapter 10 and 11 Class Using your CAFA from the earlier assignment, answer the following: 1. Review the Statement of Positions for the proprietary funds. List the major enterprise funds from the statement assets and liabilities in Net Positions for the proprietary funds. Is the "all 2. Is the statement classified between current and noncurrent 3. Review the Statement of Revenues Expenses and Changes inclusive format used? a. Are revenues reported by source b. Are expenses reported by functions or by object classification c. Is depreciation reported separately 4. Review the Statement of Cash Flows for the proprietary funds. a. List the four categories of cash flows. 5. Review your CAFA and look at any combining statements and list the nonmajor enterprise funds. a. List the internal service funds 6. Examine the financial statements from the point of view of a financial analyst. Write down the following: a. The unrestricted net position balances for each of the major enterprise funds and the nonmajor enterprise and internal service funds. b. Write down the income before contributions, extraordinary items, special items, transfers from each fund. provided) and review the transfers.] or is subsidized by enterprise fund. c. Compare these numbers with the prior years (if d. Can you tell if the general government is subsidizingStep by Step Solution
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