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
Fund Balance/Net Position
Discrete Component Units
Discrete component units are reported in fund type 15 using the full accrual basis of accounting, in the same manner as proprietary funds.
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