Governmental Accounting: Measurement Focus and Basis
Governmental accounting involves tracking and managing the financial practices of public sector entities. The measurement focus and basis within this area determine what is recorded and reported in financial statements, with the measurement focus guiding which transactions and events are measured and recognized in the accounting system, and the basis of accounting dictating when these transactions and events are recognized. Common bases for governmental entities include cash, accrual, and modified accrual accounting.
Lesson Videos
Governmental Assets, Liabilities, Revenues & Expenses Overview and Objectives
Governmental Fund Structure
Governmental Revenues - General Fund
Governmental Expenditures - General Fund
Governmental Revenues - Special Revenue Fund
Governmental Expenditures - Special Revenue Fund
Governmental Revenues - Debt Service Fund
Governmental Expenditures - Debt Service Fund
Governmental Revenues - Capital Projects Fund
Governmental Revenues - Debt Service Fund Example
Governmental Expenditures - Capital Projects Fund
Governmental Revenues and Expenditures - Permanent Fund
Governmental Assets, Liabilities, Revenues & Expenses Summary
Conceptual framework - Practice Questions
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