In applying the current financial resources measurement focus, when are liabilities recognized in fund financial statements?

Q: Which among the following process is related to fund allocation for different activities? a.…

A: The fund is a fiscal and bookkeeping substance with a self-adjusting set of accounts recording cash…

Q: What are the two fund financial statements for governmental funds? What information does each…

A: Introduction Government Fund Financial statements includes General Funds, Special Revenue Fund, Debt…

Q: Describe the physical structure of a complete set of government-wide financial statements and a…

A: This question is answered generally by giving an overview of Governmental financial statements of…

Q: Explain a typical ADI’s sources and uses of funds

A: A commercial bank may be a financial institution that accepts deposits, provides bank account…

Q: What are regulatory accounting principles and how do they relate to enterprise fund accounting?

A: Regulatory Accounting Principles or Procedures, often abbreviated to the RAP, are particular…

Q: What are the characteristic of a proprietary fund? How do internal service funds and enterprise…

A: The question is based on the concept of Accounting theory

Q: How is the issuance of a long-term bond reported on fund financial statements? How is the issuance…

A: Reporting of issuance of long term bonds  on fund financial statements: At the fund level the cash…

Q: Fund financial statements have separate columns for each activity. Which activities are reported in…

A: Governmental funds: This is the fund category which includes governmental activities in the…

Q: What are the two fund types within the proprietary funds? What types of events does each report?

A: Two Fund Types with in the Proprietary funds: 1) The Enterprise Fund. 2) The Internal Service funds.

Q: Defines the meaning of Capital Projects Fund and Debt Service Funds.

A: Capital Project Fund means a fund used to account for financial resources to be used for the…

Q: active fund management and passive fund management,

A: Managed fund refers to the situation in which investment is pooled together with other investors for…

Q: For governmental funds, what measuring emphasis is utilized in the fund financial statements, and…

A: Solution are as follows

Q: . The following activities determine the fund efficiency of the enterprise. O Operations activities…

A: Cash flow: It implies to the net increase or decrease in company's cash position as a result of…

Q: Managed funds are often categorised by the type of investments purchased by the fund. These include…

A: An investment is an asset or item purchased for the purpose of generating an increase in income or…

Q: Describe the disclosure requirements for an Enterprise Fund. Explain how disclosure assists users of…

A: Agencies reporting enterprise funds (a type of proprietary fund) or using enterprise fund accounting…

Q: State the kinds of note disclosures that need to be made to help users understand the nature of…

A: Question is answered based on Government Accounting. A general fund is a primary fund used by a…

Q: describe and contrast Capital Projects Funds and Debt Service funds

A: Capital projects fund used to acquire or to construct the capital facilities. And the resources for…

Q: Budget comparison schedules or statements are needed for which funds? Should the budgetary…

A: Here is the answer:

Q: ör Fålšé questions E. Resources flowing into and out of a fund means that the fund is an accounting…

A: An individual, association, or organization that engages in economic activities and controls…

Q: From the following details prepare statement of proprieta funds with as many details as possible.

A: Proprietary funds are the funds which are related to the owners of the business which is actually…

Q: Determine External Funds Needed (EFN) and how it may be financed.

A: The determination of External Funds Needed and how they may be financed is shown hereunder : From…

Q: State the key characteristics of active fund management and passive fund management, focusing on how…

A: Fund management refers to the process of managing a financial institution's cash flow and the fund…

Q: when resources should be reported in the financial statements of funds is a basis of accounting…

A: According to the cut off procedures in accounting, the transactions of one period is to be separated…

Q: explaining the various items that are considered as sources and applications  of fund while…

A: Fund flow statement is a statement prepared to know the reason for change in the financial statement…

Q: What is the person or institution that invest or make fund available?

A: An investor is a person or other entity (such as a company or mutual fund) who invests money in the…

Q: The funds requirement can be forecasted by theforecasted financial statement approach, but youcould…

A: Additional funds required (AFN) is that the quantity of cash a corporation should raise from…

Q: for which funds are budgetary comparison schedules or statements required? should the actual…

A: Financial accounting standards board (FASB):This is the organization which creates, develops, and…

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

A: Financial statements: Financial statements are condensed summary of transactions communicated in the…

Q: What other sources provide resources for capital projects funds?

A: A capital project seems to be a long-term, capital-intensive investing project with the goal of…

Q: List some of the major adjustments required when converting from fund financial statements to…

A: Government accounting refers to the accounting under which all the financial transactions of the…

Q: How are the sources of funds indicated?

A: firms can be evaluated using three financial statements: balance sheet income statement cashflow…

Flow of Funds

The flow of funds is the financial accounts of the nation, which monitor and control the cash flow among various sectors or industries, or markets. Central banks use these flow of funds statements to acquire macroeconomic data, to publish cash inflow and cash outflow statements of the nation. This flow of funds system is utilized to identify economic activity and changes in the economy. It is used by Federal Reserve to determine the Gross Domestic Product (GDP) of the nation and to implement monetary policy and fiscal policies.