- NY Credits : 5.0
- TX Credits : 5.0
GASB Statement No. 54 - Fund Balance Reporting and Governmental Fund
Upon successful completion of GASB Statement No. 54 - Fund Balance Reporting and Governmental Fund, the user should be able to:
identify the five fund balance classifications and describe the objective of each;
recognize the five types of governmental funds: (1) General Fund, (2) Special Revenue Fund, (3) Capital Project Fund, (4) Debt Service Fund, and (5) Permanent Fund; and
determine the amounts to be reported in each fund balance classification.