Govt Accounting Exam - Funds + NFP Method of Accounting and Financial Statements

Capital Projects Fund Method of Accounting

Budgetary & Modified Accrual

Capital Projects Fund Financial Statements

1. Balance Sheet

2. Statement of Revenues, Expenditures, and Changes in Fund Balance

3. Statement of Revenues, Expenditures, and Changes in Fund Balance - Budget vs. Actual

General Capital Assets Fund Method of Accounting

Modified Accrual

General Capital Assets Fund Financial Statements

1. Balance Sheet

Debt Service Fund Method of Accounting

Budgetary & Modified Accrual

Debt Service Fund Financial Statements

1. Balance Sheet

2. Statement of Revenues, Expenditures, and Changes in Fund Balance

General Long-Term Liability Fund Method of Accounting

Modified Accrual

General Long-Term Liability Fund Financial Statements

1. Balance Sheet

Enterprise Fund Method of Accounting

Accrual

Enterprise Fund Financial Statements

1. Statement of Net Position (B/S)

2. Statement of Revenues, Expenses, and Changes in Net Position

3. Statement of Cash Flows

Not-for-Profits Method of Accounting

Accrual

Not-for-Profits Financial Statements

1. Statement of Financial Position (B/S)

2. Statement of Activities

3. Statement of Functional Expenses [VHWO’s only]

4. Statement of Cash Flows