July 2020
Intermediate to advanced
288 pages
5h 54m
English
Content preview from Fundamentals of Governmental Accounting and Reporting
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Chapter 12Special-Purpose Governments
Learning objectives
- Recognize the reporting requirements for special-purpose governments engaged only in governmental activities.
- Recognize the reporting requirements for special-purpose governments engaged only in business-type activities.
- Recognize the reporting requirements for special-purpose governments engaged only in fiduciary activities.
Are these reports different?
How should financial statements for entities like public colleges, hospitals, housing authorities, or organizations engaged only in one program be reported? Do they have to produce both fund financial statements and government-wide statements? Do the statements have to look the same? The answers to these questions depend on different factors. This chapter will try to answer these questions.
Background
Most information in this course has focused on general-purpose governments, such as those for states, cities, counties, and towns. However, many governmental entities do not fit this category; these are referred to as special-purpose governments. These organizations are separate legal entities that may be component units of another government or stand-alone governments that do not meet the definition of a general-purpose government.
Special-purpose governments that are engaged in more than one program or that engage in both governmental and business-type activities should produce both fund financial statements and government-wide financial statements. For example, a ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Read now
Unlock full access
More than 5,000 organizations count on O’Reilly
O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.