General Accounting
- Governmental Reporting Overview
- The Financial Reporting Entity
- Fund Financial Statements
- Modified to Full Accrual Adjustments
- Government-wide Financial Statements
- Fund Balance/Net Position
- Statement of Cash Flows
- Receivables
- Recognition of Accounts Receivable and Revenue
- Disaggregation of Receivable Balances
- Disposition of Uncollectable Accounts
- Accounting for Receivables Deemed Uncollectable
- Write-off of Revenue Receivables
- Write-off of Nonrevenue Receivables
- Write-off of Proprietary Fund Receivables
- Reporting of Medicare Part D Payments from the Federal Government
- Sales and Pledges of Receivables, Future Revenues and Collateralized Borrowings
- Payables/Accrued Expenditures
- Inventories
- Prepaid Items
- Loan Programs
Reporting Requirements for Annual Financial Reports of State Agencies and Universities
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Reporting Requirements for Annual Financial Reports of State Agencies and Universities
General Accounting
Governmental Reporting Overview
Requesting an Additional GAAP Fund
If an agency has new activity believed to be either fiduciary, governmental or proprietary and it does not fit the description of existing GAAP funds, a new GAAP fund may be requested from and reviewed by the Financial Reporting section.
If your agency would like to request a new GAAP fund, download and complete the GAAP Fund (D24 Profile) Request form (74-231). Email the completed form and the applicable trust agreement to your financial reporting analyst.
References
Resources
- Agency Fiscal Year-End USAS Adjustments and AFR Checklist
- Step 1 – General Cleanup
- Step 2 – Review USAS Balances
- Step 3 – Investments
- Step 4 – Interagency Activity
- Step 5 – Binding Encumbrance and Payables
- Step 6 – General Revenue Reconciliation
- Step 7 – Statement of Cash Flows
- Step 8 – Notes to the Financial Statements
- Step 9 – Supplementary Schedules
- Step 10 – Analyze USAS Reports
- Step 11 – Review USAS Information
- Step 12 – Verify DAFRs and Complete AFR
- View Entire Checklist
- FAQs
- Definitions
- Appendices