Information about cash receipts and disbursements presented in a statement of cash flows is designed to help the reader of the financial statements assess (1) an entity’s ability to generate future net cash flows, (more…)
Note also that the change in net assets displayed on the statement of revenues, expenses, and changes in net assets added to (or subtracted from) the beginning net assets for the fiscal year (which are the ending net assets of the previous fiscal year) equals the ending net assets, which must be the same as the net
assets at the end of the fiscal year reported on the statement of net assets. An example of the statement of revenues, expenses, and changes in net assets for proprietary funds is presented in Exhibit 4.8. (more…)
A company is a place where many kinds people work together to run the business and produce much profits for the workers they selves and the development of the company. There must be a good management in a company; the many of the people work in a place must be in the one purpose and working system. A big company usually have done such kind of system and they have done the management automatically computer based. It is proven more effective and efficient. (more…)
Today, world has been full of many kinds of people. The people are working in kinds of professions as a field where they look for some cashes for their life expenses. There are people who work as a businessman, a doctor, a teacher, and many more. But also there are people who don’t know what best to do so that they can get a good job. Such situation makes them become a jobless or even become a criminal people.
Once we get into a prison; being judged as a criminal or someone who against the law, it will be forever noted in the police document and will give bad influence in our future; it will be a problem to us. Some companies always do a Background Check before they employ a new employee. They usually don’t want someone with a criminal background work in their company and become a disturber. They usually use a website of sentrylink.com related to it to do the Criminal Background Check. After submitting a name to be checked, they will get the result of criminal check in a second.
The statement of revenues, expenses, and changes in net assets for proprietary funds is the operating statement for these funds. In includes the following main categories of activities: operating revenues, operating expenses, and nonoperating revenues and expenses. Operating revenues are listed by the source
of the revenues, which in the case of proprietary funds is usually charges for services. Operating expenses are listed by the main types of expenses incurred by the funds. Sometimes this categorization of expenses (more…)
The statement of net assets presents the assets, liabilities and net assets of the proprietary funds. It is presented in a classified format. This does not mean that it is top secret. It means that current assets are presented separately from noncurrent assets and current liabilities are presented separately from long-term liabilities. Generally, a current asset is an asset that is cash or will be turned into cash within a (more…)
The second set of fund financial statements included in a government’s basic financial statements are the proprietary fund financial statements. Since the proprietary funds report activities using the same accounting basis and measurement focus as is used in the government-wide financial statements, their presentation resembles that of the government-wide statements much more than the governmental fund statements. Remember from Chapter 3 that there are two types of proprietary funds— enterprise funds and internal service funds—and it is these funds that are reported in the proprietary fund financial statements. (more…)
Remember that the “governmental” activities on both the government-wide financial statements and the fund financial statements represent the same activities presented on two different accounting bases and measurement focuses. Statement No. 34 of the GASB requires that governments reconcile these two sets of statements. Basically, the reconciliations detail all of the areas where the different accounting bases and measurement focuses cause the numbers to be different on the governmentwide statements and the fund financial statements for the governmental activities. Most of the reconciling items have to do with the fact (more…)
Chapter 3 discussed the specific types of funds that are considered governmental funds. They are the general fund, special revenue funds, capital projects funds, debt service funds, and permanent funds. (more…)
So how does a fund get to be a major fund? It is basically an arithmetical calculation based on the size of the fund, but there are some exceptions. First, the general fund (as the main operating fund of the government) is always considered to be a major fund. Other funds are considered major funds if they meet both of the following criteria: (more…)