8/12/19 1 Governmental Accounting & Financial Reporting Introduction to Local Government Finance Presented by Gregory S. Allison, CPA UNC School of Government Basic Principles of Governmental GAAP • Fund accounting • Measurement focus • Basis of accounting • Budgeting & financial reporting issues Fund Accounting Structure Governmental Funds Proprietary Funds Fiduciary Funds Fund Categories
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2019 Intro to Local Government Finance - sog.unc.edu · 8/12/19 1 Governmental Accounting & Financial Reporting Introduction to Local Government Finance Presented by Gregory S. Allison,
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Transcript
8/12/19
1
Governmental Accounting & Financial ReportingIntroduction to Local Government FinancePresented byGregory S. Allison, CPAUNC School of Government
Basic Principles of Governmental GAAP
• Fund accounting
• Measurement focus
• Basis of accounting
• Budgeting & financial reporting issues
Fund Accounting Structure
GovernmentalFunds
ProprietaryFunds
FiduciaryFunds
FundCategories
8/12/19
2
Fund Accounting (cont.)
• Governmental types– General– Special revenue– Debt service– Capital projects– Permanent