Are Fiduciary Funds Reported In Government Wide Statements? The fiduciary funds (such as pension trusts and agency funds) are not included in the government-wide statements, because the resources they account for do not belong to the government. Where are fiduciary type funds reported in the government wide statements? In government wide statements. info about fiduciary
How Are General Capital Assets Reported In The Fund And Government-wide Financial Statements? How are they reported in the fund and government-wide financial statements? General capital assets in simple sense the assets that are acquired by the government using government funds. These assets will be reported and will be shown under the governmental activities of
Which Of The Following Fund Types Uses The Current Financial Resources Measurement Focus? What funds use the current financial resources measurement focus? Governmental fund types (general, special revenue, debt service, capital projects, and permanent trust) use the current financial resources measurement focus and the modified accrual basis of accounting. Which of the following is a
What Are The Four Types Of Fiduciary Funds And The Function Of Each? The Statement describes four types of fiduciary funds: Pension (and other employee benefit) trust funds, … Private-purpose trust funds, and. Custodial funds. Which of the following are fiduciary type funds? Agency Funds. Investment Trust Funds. Pension and Employment Benefit Trust Funds. Private-Purpose
What Is The Special Revenue Fund Used For? A special revenue fund is an account established by a government to collect money that must be used for a specific project. Special revenue funds provide an extra level of accountability and transparency to taxpayers that their tax dollars will go toward an intended purpose. What is