What are the basic financial statements that a state or local government now produces?

Name three types of funds found within the governmental funds?

What type of accounting do cities need to use for the purposes of government wide accounting?

What type of accounting does a municipality need to use for fund accounting.

How does one employ the accounting technique used in number 4?

Can a department journalize its budget into its chart of accounts although they have no effect on the fund itself? If so, it is possible to change the budget during the fiscal period?

When is a receivable recognized for property tax purposes? When is the revenue recognized?

What is the difference between an expense and an expenditure?

What is an encumbrance entry and why do municipalities employ encumbrance accounting?

What does a comprehensive annual financial report (known as a CAFR) include?

What does the managements discussion and analysis (MD&A) normally include?

What are some of the differences that exist between private colleges and universities and public college and universities that affect financial reporting?

How does an activity or function qualify to be a component of a primary government?

Why would a government blend or list separately the revenues and expenses of its components?

What are the two government wide financial statements called?

How are internal services reported on government wide financial statements?

What do the terms restricted and unrestricted mean as a municipality uses the terms on government wide financial statements?

In fund accounting, as opposed to government wide accounting, which type of funds still follow GAAP accounting principles?

What is a special purpose government ?

How does one account for employee vacation expenses in the employee expense fund account and in the government wide account?