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ACCT567 Discussions Week 3

ACCT567 Discussions Week 3

All Students Posts 82 Pages

Capital Funds Purposes – 40 Pages

When should a capital projects fund be used by a governmental entity? Is it mandatory that a governmental entity use a capital project fund for GAAP purposes?  When should a capital projects fund be used by a governmental entity? Is it mandatory that a governmental entity use a capital project fund for GAAP purposes? Let’s also list some advantages of using a capital projects fund. What benefits does the use of a capital projects fund provide?…

Purpose of a Debt Service Fund – 42 Pages

When does GAAP require the use of a debt service fund? Are there instances when a governmental entity is not required to use a debt service fund? Let’s address the introductory questions in this discussion also: When does GAAP require the use of a debt service fund? Are there instances when a governmental entity is not required to use a debt service fund? Why don’t business type organizations use a debt service fund?…