State & Local Govts Flashcards by Deanna Gonzalez | Brainscape

Q

3 Types of Funds

A

Govt Funds (modified accrual acctg)
Proprietary Funds (accrual acctg)
Fiduciary Funds (accrual acctg)

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Governmental Funds

A

General, special revenue, debt service & capital projects

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Whats the measurement focus for governmental funds?

A

Current financial resources

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Proprietary Funds

A

Enterprise Funds & Internal Service Funds

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

What is the measurement focus for proprietary funds?

A

Economic resources

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Fiduciary Funds

A

Pension trust fund, investment trust fund, private purpose trust fund & custodial funds

How well did you know this?

1

Not at all

2

3

4

5

Perfectly

Q

Whats the measurement focus for proprietary funds?

A

Economic resources

How well did you know this?

1

Not at all

2

3

4

5

Perfectly