User Account

All Pages

Compare and contrast general fund and special revenue fund

Assignment Help Financial Accounting
Reference no: EM13747019

Instructional Objectives for this activity: Describe general and special revenue funds. The General Fund and the Special Revenue Fund are subject to comparable accounting and financial reporting principles and they have similar financial transactions.

Discuss answers to the following questions and justify your response:

Compare and contrast the General Fund and a Special Revenue Fund.

Explain an example of a Special Revenue Fund and how it might be used by government.

Reference no: EM13747019

Questions Cloud

Case study shoez : This task requires you to analyze the likelihood and impacts of the risks you have identified and evaluate and prioritise them for treatment. Use the information gathered in previous parts and also the case study given complete the given tasks.
Percentage-of-completion and completed-contract methods : In accounting for long-term construction contracts (those taking longer than one year to complete), the two methods commonly followed are the percentage-of-completion and completed-contract methods.
Calculate amount of interest expense related to loan : Franklin Co. borrowed $40,000 from a bank on September 30, 2007 and agreed to pay it back in eight months at an interest rate of 15% per year. Calculate the amount of interest expense related to this loan reported in Franklin Co.'s 2008 income statem..
Flowcharting and business process diagram conventions : Proper application of flowcharting and business process diagram conventions. Understand the case and demonstrate it by properly configuring entities, documents and flow of documents.
Compare and contrast general fund and special revenue fund : Instructional Objectives for this activity: Describe general and special revenue funds. The General Fund and the Special Revenue Fund are subject to comparable accounting and financial reporting principles and they have similar financial transactions..
Internet and technology affecting film industry : Internet and technology affecting Film Industry-How are the Internet and other technologies currently affecting the ways in which movies are produced, distributed, and exhibited
What are the three methods for matching costs with revenue : Accrual refers to incurred expenses not yet spent or earned revenue not yet received. To see how adjusting entries affect the measurement of revenue and expense, and the ways transactional data is transformed to the accrual basis of accounting by the..
Explain and analyse what the investment bank adviser : Show the possible cash flows for the bond and estimate the issue price. You can assume there are no issue costs and explain and analyse what the investment bank adviser means if he says that such a bond will allow the investor to convert capital to ..
What is the company cost of retained earnings : The common stock of Anthony Steel has a beta of 1.20. The risk-free rate is 5% and the market risk premium is 6%.Assume the firm will be able to use retained earnings to fund the equity portion of its capital budget. What is the company's cost of ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare the production budget and direct materials purchase

prepare the production budget and direct materials purchase budget for the quarter from the data given below.production

  Financial accounting project your board of directors has

financial accounting project your board of directors has requested that you prepare a special report addressed to them.

  What were the cash collections from customers during period

Using the direct method of reporting cash flows from operating activities, what were the cash collections from customers during the period?

  Create the adjusting entries using good form

Create the adjusting entries using good form for each of the subsequent situations as of January 31 (measurement date) for the one month of January

  What is kellys deductible theft loss in the current year

What is Kelly's deductible theft loss in the current year and what is Kelly's deductible theft loss in the current year if the theft is not discovered, until January of the following year?

  Cost approach and market transaction

Cost approach and market transaction (actual transaction value for identical or similar asset based on an arm's length market transaction)

  Why countries have become increasingly interdependent

Discuss, from both an economic and a political viewpoint, why countries have become increasingly interdependent on each other.

  Prepare a corrected unadjusted trial balance

Prepare a corrected unadjusted trial balance - preliminary unadjusted trial balance of Awesome Co., a sports ticket agency, does not balance:

  Borders group inc presented this information in its

borders group inc. presented this information in its 10-ksrequireda. compute the following liquidity ratios for 2009

  What price could you expect the stock to trade

At what price could you expect the stock to trade instantaneously after the split goes into effect

  Determining the current and future needs and preferences

Determining the current and future needs and preferences, attitudes, and behavior of the market. Assessing changes in the business environment that may affect the size and nature of the market in future.

  The ceo of smartphone apps llc is preparing a loan

the ceo of smartphone apps llc is preparing a loan application. using the data below only prepare an income statement.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd