Chapter 1: Introduction to Accounting and Financial Reporting for Governmental and Not-for-Profit Entities
1–3.Matching. Place the abbreviations corresponding to the appropriate reporting attribute(s) in the spaces provided for each financial statement. Include all that apply.
Activities or Funds Basis of Accounting
Governmental activities—GA Accrual—A
Business-type activities—BTA Modified accrual—MA
Governmental funds—GF Measurement Focus
Proprietary funds—PF Economic resources—ER
Fiduciary funds—FF Current financial resources—CFR (1) Activities or Funds Reported, (2) Basis of Accounting, (3) Measurement Focus
Financial Statements
Statement of net assets – government-wide: (1) GA & BTA (2) A (3) ER
Statement of activities – government-wide: (1) GA & BTA (2) A (3) ER
Balance Sheet – governmental funds: (1) GF (2) MA (3) CFR
Statement of revenues, expenditures, and changes in fund balances – governmental funds: (1) GF (2) MA (3) CFR
Statement of net assets – proprietary funds: (1) GA & BTA & PF (2) A (3) ER
Statement of revenues, expenses, and changes in fund net assets – proprietary funds:
(1) GA & BTA & PF (2) A (3) ER
Statement of cash flows – proprietary funds: (1) GA & BTA & PF (2) A (3) ER
Statement of fiduciary net assets: (1) FF (2) A (3) ER
Statement of changes in fiduciary net assets: (1) FF (2) A (3) ER
Chapter 2: Principles of Accounting and Financial Reporting for State and Local Governments-Exercises 2–3 and 2–5
2–3 True or False. Write T if the corresponding statement is true. If the statement is false, write F and state what changes should be made to make it a true statement.
1.Activities of