高级财务会计（英文版第13版）课件 第21章 州和地方政府单位会计-专有资金和信托资金

AdvancedAccountingThirteenthEditionChapter21AccountingforStateandLocalGovernmentalUnits–ProprietaryandFiduciaryFundsCopyright©2018,2015,2012PearsonEducation,Inc.AllRightsReservedProprietaryandFiduciaryFunds:Objectives21.1Reviewtheappropriateaccountingandfinancial

reportingforproprietaryfunds.21.2Recognizethepropertreatmentofinternalservice

fundsinthegovernment-widestatements.21.3

Introducethedifferencesbetweenaproprietaryfund

statementofcashflowsanditscommercialbusiness

counterpart.21.4

Preparejournalentriesandfundfinancialstatements

forfiduciaryfunds.21.5

LearnaboutGASBguidanceforpensionfund

accounting.ProprietaryFundsAccountingforStateandLocalGovernmentalUnits–ProprietaryandFiduciaryFundsAccountingforProprietaryFundsUsedtoaccountforbusiness-typeactivitiesthatprovidegoodsandservicestousers,financedprimarilybyusercharges.Model:UseaccrualaccountingTwotypesInternalservicefundsEnterprisefundsCA+NCA–CL–NCL=NetpositionInternalServiceFundsUsedforgovernmentactivitiesthatprovidegoodsandservicestootherdepartmentsoragenciesofthatsamegovernmentalunit:MotorpoolsPrintshopSelf-insuranceMightbestartedwithtransfersfromgeneralfundand/orcontributedcapitalfromothersources,butongoingsourceofrevenuesisfromworkperformedforotherfunds.Use"Duefrom…"ratherthanAccountsReceivableISF–Entries(1of3)Avillagebeginsacentralmotorpoolwith$200fromtheGeneralFundandcontributedvehicles.Cash200

blankMotorvehicles120

blankOtherfinancingsource-nonreciprocaltransferfromgeneralfund

blank200Contributedcapitalfrommunicipality

blank120TheGeneralFundwillalsohavetorecordanOtherFinancingUsefortheNonreciprocalTransfertotheISF.ISF–Entries(2of3)Duefromgeneralfund100

blankDuefromspecialrevenuefund30

blankServicerevenues

blank130Expenditures100

blankDuetointernalservicefund

blank100Expenditures30

blankDuetointernalservicefund

blank30ISFGFSRFItprovidesmotorpoolservicestothegeneralfundandspecialrevenuefundandbillsthem$100and$30.Thegeneralfundandspecialrevenuefundwillrecordthebillsreceivedasexpenditures.

ISF–Entries(3of3)Cash100

blankDuefromgeneralfund

blank100Duetointernalservicefund100

blankCash

blank100ISFGFTheinternalservicefundcollectsthe$100duefromthegeneralfund.Thegeneralfundwillrecordthepaymentofitsliability.ISF–OtherTransactionsMostothertransactionsparallelthoseofbusinesses.Useexpenses,notexpendituresRecordacquisition,disposition,anddepreciationoffixedassetsIncomeisclosedtounrestrictednetassets.EnterpriseFundsUsedforgovernmentactivitiesthatarefundedandoperatedsimilarlytoaprivatebusiness.UtilitiesCiviccentersGolfcoursesMaystartwithfundstransferredandcontributedcapital,butongoingsourceofrevenuesisfromgoodsandservicesprovidedtothegeneralpublicorothergovernmentalunits.Use"AccountsReceivable"forgeneralpublicandothersand"Duefrom…"forotherfundsEF–Entries(1of4)Restrictedcash10

blankCustomerdeposits

blank10Utility-typeenterprisefundsoftenchargecustomerdeposits.Amountsgivenasdepositsarerestrictedcash,notincludedincurrentassets.Customerdepositsareliabilities,maybecurrentorlongterm.Depositsmaybereturnedorappliedagainstthecustomer’saccountsreceivable.EF–Entries(2of4)Duefromothergovernments50

blankContributedcapital-capitalgrant

blank50Equipment35

blankNotepayable

blank35Cash35

blankDuefromothergovernments

blank35Grantstoacquireorenhancecapitalassetsarerecordedascontributedcapital.Grantstohelpfundoperatingactivitiesarenon-operatingrevenue.Thethreeentriesrepresent:Noticeofgrant,tofundnewequipmentAcquireequipment,usinganotepayableReceivegrantmonies,tocovertheamountspentEF–Entries(3of4)Provideservicesandbillgeneralpublic$500anditsowngovernmentalunit$40Generalfundrecordsthebillof$40Accountsreceivable500

blankDuefromgeneralfund40

blankChargesforservices

blank540Expenditures40

blankDuetointernalservicefund

blank40EFGFEF–Entries(4of4)Cash490

blankAccountsreceivable

blank450Duefromgeneralfund

blank40Duetointernalservicefund40

blankCash

blank40EFGFCollectfromgeneralpublicandtheGeneralFund.Theenterprisefundwilluseallowancesforuncollectiblesandbaddebtexpense,similartoabusinessenterprise.EF–OtherTransactionsMostfollowthatofprivatebusinessenterprisesIncomeisclosedtounrestrictednetassets.Enterprisefundsmayissuebonds.GeneralobligationorrevenuebondsRecordasbondspayableUseeffectiveinterestmethodPremiumsordiscountsCapitalleasesRecordleasedassetsandleaseobligationProprietaryFundFinancialReportingFundFinancialStatementsStatementofnetpositionStatementofrevenues,expenses,andchangesinfundnetpositionStatementofcashflowsEachmajorEnterprisefund,anaggregateofallnonmajorEnterprisefunds,andanaggregateofallInternalservicefundswillbepresented.EFsarebusinesstypeactivities.ISFsaregovernmentalactivities.StatementofNetPositionVILLAGEOFTARASTATEMENTOFNETPOSITION–PROPRIETARYFUNDSJUNE30,2016

blank

blank

blankOther

blankInternal

blank

blankParkingEnterprise

blankService

blankUtilitiesFacilitiesFundsTotalsFundsblankBusiness-Type

Activities----EnterpriseFundsGovernmentalActivitiesNotetheISFsareincludedwithGovernmentalActivities,andinplaceofequityaccounts,theNetassetsareshown.NetPosition

blank

blank

blank

blank

blankInvestedincapitalassets,netof

blank

blank

blank

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blankrelateddebt$450,000$278,000$5,000$755,000$235,000Restricted185,000――185,000―Unrestricted462,10511,00023,000474,10588,000Totalnetposition$1,097,105$289,000$28,000$1,414,105$323,000InternalServiceFundsinGovernment-WideStatementsAccountingforStateandLocalGovernmentalUnits–ProprietaryandFiduciaryFundsInternalServiceFund–

Government-WideStatementsGovernment-widestatementsStatementofnetposition(balancesheet)Statementofrevenues,expenses,andchangesinnetpositionStatementofcashflowsOnlyexternalactivitiesareincluded,eliminatingtransactionswithotherentitiesofthesamegovernmentalunittopreventdouble-counting.ISFinFinancialStatementsIntheProprietaryfundstatements:Internalservicefundsareinaseparatecolumn.Separately,tothesideofthetotalforbusiness-type/enterprisefundsNotaddedtothoseenterprisefundsIntheGovernment-widestatements:Internalservicefundsplusgovernmentalfundsareshownasonetotal.Labeledasgovernmental-typeactivitiesGovernmental-typeandbusiness-typeactivitiesarethenaddedtogether.ProprietaryFundStatementofCashFlowsAccountingforStateandLocalGovernmentalUnits–ProprietaryandFiduciaryFundsCashFlowCategoriesFourcashflowcategories:CashflowsfromoperatingactivitiesCashflowsfromnoncapitalfinancingactivitiesCashflowsfromcapitalandrelatedfinancingactivitiesCashflowsfrominvestingactivitiesComparedtofor-profitenterprisesCapitalexpendituresareremovedfromotherinvestingactivities.Theirrelatedfinancingactivitiesaretakenfromotherfinancingactivities.Capitalexpendituresandrelatedfinancinghavetheirowncategory.StatementofCashFlowsThecolumnheadingswillbethesameastheStatementofNetPosition.FiduciaryFundsAccountingforStateandLocalGovernmentalUnits–ProprietaryandFiduciaryFundsAccountingforFiduciaryFundsAccountforassetsheldinatrustoragencycapacityNotusedforgovernment'sownprogramsFiduciaryfundsPrivatepurposetrustfundsInvestmenttrustfundsPensiontrustfundsAgencyfundsFocusondemonstratingfulfillmentoffiduciaryresponsibilitiesAccrualaccountingAgencyFundsForfundsheldincustodialcapacityCountygovernmentactsasagentcollectingtaxforlocalgovernmentCollectionsonspecialassessmentsfromtaxpayersandrepaymentofspecialassessmentbondsiflocalgovernmentisnotobligatedonbondsAgencyModel:Assets=LiabilitiesAgencyFundTransaction:Example(1of2)NewCountycollectspropertytaxesfortwocities,AandB.NewCountyusesanAgencyfundtorecordtheassessmentandcollections.Itdeductsa1%commissionforactingasagent.The1%commissionistransferredtothegeneralfund,andrecordedasrevenuethere.Forsimplicity,assumealltaxesassessedarecollected.AgencyFundTransaction:Example(2of2)Taxesreceivable300

blankLiabilitytoCityA

blank200LiabilitytoCityB

blank100Cash300

blankTaxesreceivable

blank300LiabilitytoCityA2

blankLiabilitytoCityB1

blankDuetogeneralfund

blank3Duetogeneralfund3

blankLiabilitytoCityA198

blankLiabilitytoCityB99

blankCash

blank300Onlyassetandliabilityaccountsareused!TrustFundsCA+NCA–CL–NCL=Netpositio