Financial Reporting - Internal Service Funds

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Author:
playboy35
ID:
134687
Filename:
Financial Reporting - Internal Service Funds
Updated:
2012-02-12 15:04:39
Tags:
CGFO Budget Financial Reporting Internal Service Funds
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Description:
Financial Reporting - Internal Service Funds
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  1. Internal service funds are incorporated into the:
    Government wide financial statements as a part of the governmental activities
  2. When are internal service funds considered as a part of Business activities:
    If most of the customers are from Proprietary Funds.
  3. For internal service funds, revenues are called:
    Billings to departments
  4. When internal service funds have a excess of billings over costs/surplus, this results in a reduction of ___________ in participating funds:
    Expenses

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