Example Cash Flow Statement for Proprietary Funds | Governmental Accounting CPA exam FAR

Webiste: www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ cash flow statements for proprietary funds have four categories, rather than the three presented under FASB standards. The four categories are: page 166 Operating Activities: Cash flows from operating activities include […]

Closing Entries Financial Accounting CPA Exam FAR

Webiste: www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ II. Closing Process—The closing process is an important step at end of the accounting period after financial statements are completed. It prepares accounts for recording transactions and events for the next […]

Prepare a Worksheet Financial Accounting CPA Exam

Webiste: www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ A. The work sheet is an internal document that serves as a useful tool for organizing accounting information. It is not a required report. B. Benefits of a Work Sheet: aids […]