CHAPTER 9
FINANCIAL STATEMENTS PREPARED BY GOVERNMENTS
Introduction
Basic Financial Statements
Management’s Discussion and Analysis
Government-Wide Financial Statements
Basis of accounting and measurement focus
Statement of Net Assets
Statement of Activities
Expense Presentation
Revenue Presentation
Extraordinary and special items
Eliminations and reclassifications
Fund Financial Statements
Governmental Fund Balance Reporting under GASBS 34
Nonspendable Fund Balance
Restricted Fund Balance
Committed Fund Balance
Assigned Fund Balance
Unassigned Fund Balance
Fund Balance Classifications
Stabilization Agreements
Fund Balance Display on the Balance Sheet
Disclosures
Budgetary Comparison Schedules
Notes and Other Disclosures
Loans
Reimbursements
Interfund Transactions—Fund Financial Statements
Intra-Entity Transactions—Government-Wide Financial Statements
Statement of Net Assets
Statement of Activities
Intra-Entity Activity
Reporting Deferred Inflows and Outflows of Resources
Display Requirements
Statement of Net Position
Net Investment in Capital Assets Component of Net Position
Restricted and Unrestricted Components of Net Position
Financial Reporting for Governmental Funds
Disclosures
Effective Date and Transition
Refundings of Debt
Nonexchange Transactions
Imposed nonexchange revenue transactions
Government-mandated nonexchange transactions and voluntary nonexchange transactions
Sales of Future Revenues and Intra-Entity Transfers of Future Revenues
Sales of future revenues
Intra-entity ...
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