Question 1

What is the rule for determining whether a governmental fund, other than the General Fund, is a major fund?

Accepted Answer

A governmental fund is considered major

Question 2

A Statement of Cash Flows is required for which type of fund?

Accepted Answer

A)  Proprietary 
B)  Governmental 
C)  Fiduciary 
D)  None of the above 
A)  Proprietary 
B)  Governmental 
C)  Fiduciary 
D)  None of the above

Question 3

The Government-wide financial statements include a separate column for fiduciary fund information.

Accepted Answer

A) True 
 B)False

Question 4

The modified approach for infrastructure requires schedules and disclosures to be included in which part of the CAFR?

Accepted Answer

A)  Notes to the Financial Statements 
B)  Other Supplementary Information 
C)  Required supplementary Information 
D)  Proprietary Fund Statements 
A)  Notes to the Financial Statements 
B)  Other Supplementary Information 
C)  Required supplementary Information 
D)  Proprietary Fund Statements

Question 5

General purpose governments engaged in both governmental and business type activities prepare governmental fund, proprietary fund and government-wide financial statements.

Accepted Answer

A) True 
 B)False

What is the rule for determining whether a governmental fund, other than the General Fund, is a major fund?

A Statement of Cash Flows is required for which type of fund?

The Government-wide financial statements include a separate column for fiduciary fund information.

The modified approach for infrastructure requires schedules and disclosures to be included in which part of the CAFR?

General purpose governments engaged in both governmental and business type activities prepare governmental fund, proprietary fund and government-wide financial statements.

Introduction to Accounting and Financial Reporting for Governmental and Not-For-Profit Organizations

Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority

Accounting for the General and Special Revenue Funds

Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent

Proprietary Funds

Fiduciary Funds, Interfund Transactions

Government-Wide Statements: Capital Assets; Long-Term Debt

Advanced Topics for State and Local Governments

Accounting for Private Not-For-Profit Organizations

College and University Accounting

Accounting for Hospitals and Other Health Care Providers

Auditing, Tax-exempt Organizations, and Evaluating Performance

Financial Reporting by the Federal Government

Filters

Exam 2: Overview of Financial Reporting for State and Local Governments

What is the rule for determining whether a governmental fund, other than the General Fund, is a major fund?

A Statement of Cash Flows is required for which type of fund?

The Government-wide financial statements include a separate column for fiduciary fund information.

The modified approach for infrastructure requires schedules and disclosures to be included in which part of the CAFR?

General purpose governments engaged in both governmental and business type activities prepare governmental fund, proprietary fund and government-wide financial statements.

Introduction to Accounting and Financial Reporting for Governmental and Not-For-Profit Organizations

Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority

Accounting for the General and Special Revenue Funds

Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent

Proprietary Funds

Fiduciary Funds, Interfund Transactions

Government-Wide Statements: Capital Assets; Long-Term Debt

Advanced Topics for State and Local Governments

Accounting for Private Not-For-Profit Organizations

College and University Accounting

Accounting for Hospitals and Other Health Care Providers

Auditing, Tax-exempt Organizations, and Evaluating Performance

Financial Reporting by the Federal Government

Filters