100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
FAR CPA F9 Questions & Detailed Answers $15.49   Add to cart

Exam (elaborations)

FAR CPA F9 Questions & Detailed Answers

 4 views  0 purchase

FAR CPA F9 Questions & Detailed Answers

Preview 2 out of 13  pages

  • August 10, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (3)
avatar-seller
Schoolflix
FAR CPA F9 Questions & Detailed Answers

What are three major Governmental Funds? - ANS Governmental Funds (GRaSPP)

Proprietary Funds (SE)

Fiduciary Funds (Cippoe)



Governmental Funds - ANS -GRaSPP

-Modified accrual

-Current financial resource focus



*General* Fund

Special *Revenue* Funds

*and*

Debt *Service* Funds

Capital *Projects* Funds

*Permanent* Funds



General Fund - ANS Governmental Fund



OPERATING FUND, BILLS, SALARIES



Special Revenue Fund - ANS Governmental Fund

, FEDERAL MONEY

Ex: SCHOOL LUNCH MONEY



Debt Service Fund - ANS A fund to account for financial resources set aside for the
payment of interest and principal on long-term debt; a sinking fund.



Ex: mortgage payments



Capital Projects Fund - ANS A fund to account for financial resources set aside for
the acquisition or construction of major capital facilities.



Permanent Fund - ANS legally restricted so that only earnings, not principal, may
be used



Proprietary Funds - ANS -Full Accrual

-Economic resources measurement

-Treat like a customer / not a citizen




Internal *Service* Funds

*Enterprise* Dund

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller Schoolflix. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $15.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

76747 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$15.49
  • (0)
  Add to cart