Active TopicsActive Topics  Display List of Forum MembersMemberlist  Search The ForumSearch  HelpHelp
  RegisterRegister  LoginLogin
FAR STUDY GROUP
 CPAnet Forum : FAR STUDY GROUP
Subject Topic: Governmental Accounting CPA 04485 (Topic Closed Topic Closed) Post ReplyPost New Topic
  
Author
Message << Prev Topic | Next Topic >>
Emorizle
Newbie
Newbie


Joined: 07 Jul 2010
Location: United States
Online Status: Offline
Posts: 15
Posted: 08 Jul 2010 at 18:42 | IP Logged  

This question was long, but to summarize:

Q: Should Capital Project fund be included in Bel's government wide
financial Statements?

a. No
b. Yes

Correct answer is No. The government wide financial statements exclude
specific fund financial statements and instead summarize government
wide financials statements as either governmental type or business type.

I understand that the government wide financials statements is different
from the Fund Financial Statements, but how do I know if it is asking if
Gov wide F/S includes governmental funds and proprietary funds (GRASPP
and SE). I am sorry if I cannot frame the question well. However, I am
confused with this question.
Back to Top View Emorizle's Profile Search for other posts by Emorizle
 
Emorizle
Newbie
Newbie


Joined: 07 Jul 2010
Location: United States
Online Status: Offline
Posts: 15
Posted: 08 Jul 2010 at 18:44 | IP Logged  

I guess to clarify, I read this question as Is Capital Project fund included in
Business Governmental Activities in the Government Wide Financial
Statements. How will I distinguish what the question is asking.
Back to Top View Emorizle's Profile Search for other posts by Emorizle
 



Sorry, you can NOT post a reply.
This topic is closed.


  Post ReplyPost New Topic
Printable version Printable version

Forum Jump
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot delete your posts in this forum
You cannot edit your posts in this forum
You cannot create polls in this forum
You cannot vote in polls in this forum

Powered by Web Wiz Forums version 7.9
Copyright ©2001-2010 Web Wiz Guide

This page was generated in 0.1094 seconds.

Copyright 1996-2016 CPAnet/MizWeb Communities All Rights Reserved
Twitter
|Facebook |CPA Exam Club | About | Contact | Newsletter | Advertise & Promote