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
Cash Basis of Accounting
The cash basis, used by the state of Texas for budgetary purposes, recognizes transactions when they affect cash. Under the cash basis of accounting, for example, revenues are only recognized at the time cash is collected.
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