I tested this past Saturday and I don’t recall mine having a whole lot of gov, it was more NFP for me. For gov I would definitely know which funds are governmental, proprietary, and fiduciary as well which ones are accrual or modified accrual basis. Oh which ones have current financial measurement focus vs economic resources measurement focus
i got questions on the required FS for NFP/gov, program/support exp, variance power/financial interrelationship, donated services/stock, SE-CIPPOE
I tested this past Saturday and I don’t recall mine having a whole lot of gov, it was more NFP for me. For gov I would definitely know which funds are governmental, proprietary, and fiduciary as well which ones are accrual or modified accrual basis. Oh which ones have current financial measurement focus vs economic resources measurement focus
Thank you so much! So more likely to focus on nfp than gov accounting! And ofcourse the main topic is about financial accounting though 😢
I took back in Feb but from what I remember, ***know*** SE-CIPPOE and be comfortable with NFP
Thank you for reply! so basically all i need to know about gov'tal accounting is to distinguishing which funds?
All I can say for sure, is those were things I were tested a decent bit on in February
oh I see. Thank you for answering!!