Chapter 19: Governmental Accounting Fundamentals

In this section

• Fund Structures and Purposes
  Explore the foundations of fund structures, including governmental, proprietary, and fiduciary funds, and understand how each serves accountability objectives in contemporary state and local government accounting.
• Government-Wide Statements vs. Governmental Funds
  Explore the key differences between government-wide statements and fund-level accounting in state and local government financial reporting, focusing on full accrual versus modified accrual bases.
• Proprietary and Fiduciary Funds
  Explore the structure and accounting for proprietary (internal service, enterprise) and fiduciary funds (pension, custodial) in governmental accounting, covering measurement focus, financial statements, common pitfalls, and practical examples.
• Measurement Focus and Basis of Accounting
  Discover the key distinctions between economic resources measurement focus and current financial resources measurement focus in governmental accounting, and learn how basis of accounting impacts recognition of revenues, expenditures, and overall financial analysis.