Slide 1Chapter 5 Recognizing Expenditures in Governmental Funds Chapter 5 Granof & Khumawala-6e 1 Slide 2 Thought to Ponder: Chapter 5 The same prudence which in private…
Chapter 5 Recognizing Expenditures in Governmental Funds Learning Objectives Modified accrual basis Full accrual basis Accounting for different expenditures Types of interfund…