Lecture # 2

Chapter 3 - Government Operating Statement. Budgetary Accounting.
Chapter 4 - Illustrative Transactions and Financial Statements.

03-10-14

Please Visit our Website at [ Ссылка ]

Intro Government Operating Statement. Budgetary Accounting 1:00

Government Wide Statement of Activities 6:20

The General Fund 14:50

Budgetary Fund 19:45

Operating Statement Account 22:35

Budgetary Control - Revenues 29:30

Classification of Revenues 30:30

Taxes 32:00

Property Taxes 35:45

Special Assessment 39:10

License and Permits 40:00

Intergovernmental 41:25

Miscellaneous 44:12

Budgetary Control 46:00

Classification of Expenditures 50:00

Concluding Comments Chapter-3 1:04:00

Chapter-4 Illustrative Transactions and Financial Statements 1:05:00

Governmental Funds 1:08:00

Encumbrance Accounting 1:14:00

Accounting for Expenditures 1:15:20

Accounting for Property Tax Revenue 1:27:30

TANs 1:41:30

Accounting for Inventories 1:50:00

SRF 1:58:00

Internal Exchange Transactions 2:01:00

Interfund Activity 2:03:55

Classes of Nonexchange transactions 2:08:00

Summery of the Lecture:


After a brief overview of the topics to be discussed in the lecture, the government-wide statement of activities is covered in-depth. General funds are also defined, and several examples are given as well. The Professor then moves on to explain budgetary accounts (including estimated revenues, encumbrances, and appropriations) and operating statement accounts and gives examples of both to further establish the concepts. Afterwards, the concept of budgetary control is discussed and further fleshed out by a table (which gives a visual comparison of balance sheet, budgetary, and operating statement accounts). Lastly, the classification of revenues (and estimated revenues) by fund and by source is discussed (including revenues from taxes, permits, licenses, and services).

Please subscribe to our channel to get the latest updates on the RU digital Library.

To receive additional updates regarding our library please subscribe to our mailing list using the following link:
[ Ссылка ]

свернуть