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ACC 380 Week 2 DQ 1 .pdf


Original filename: ACC 380 Week 2 DQ 1.pdf
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ACC 380 Week 2 DQ 1 Modified Accrual
Accounting and General Fund Items
Check this A+ tutorial guideline at
http://www.assignmentcloud.com/acc380-ash/acc-380-week-2-dq-1-modifiedaccrual-accounting-and-general-funditems

Complete the following questions based on the Chapter 4 material:
a) Outline revenue recognition criteria under modified accrual accounting.
Includes pecific requirements for property tax revenue.
b) Outline expenditure recognition criteria under modified accrual accounting.
Include the general case, recognition of debt service expenditures, and
recognition of expenditures for item such as compensated absences II.
Distinguish between the (1) GAAP basis and (2) budgetary basis of reporting for
the General Fund.
Do not forget to show all necessary steps and explain how you attained the
outcome.

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Document preview ACC 380 Week 2 DQ 1.pdf - page 1/1

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