Questions from Advanced Accounting


Q: How is the issuance of a long-term bond reported on

How is the issuance of a long-term bond reported on fund financial statements? How is the issuanceof a long-term bond reported on government-wide financial statements?

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Q: What is a special assessment project? How are special assessment projects

What is a special assessment project? How are special assessment projects reported?

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Q: How are interfund transfers reported in fund financial statements?

How are interfund transfers reported in fund financial statements?

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Q: In government-wide financial statements, how do intra-activity

In government-wide financial statements, how do intra-activity and interactivity transactions differ?How is each type of transaction reported?

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Q: What is an internal exchange transaction, and how is it reported

What is an internal exchange transaction, and how is it reported?

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Q: How have users’ needs impacted the development of accounting principles for state

How have users’ needs impacted the development of accounting principles for state and local governmentunits?

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Q: Why have accountability and control been so important in the traditional accounting

Why have accountability and control been so important in the traditional accounting for state andlocal government units?

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Q: If no agreement exists in a partnership as to the allocation of

If no agreement exists in a partnership as to the allocation of income, what method is appropriate?

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Q: How has the dual system of financial statements impacted the financial reporting

How has the dual system of financial statements impacted the financial reporting of state and localgovernments?

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Q: What are the basic financial statements that a state or local government

What are the basic financial statements that a state or local government now produces?

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