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Chapter Twelve Accounting and Reporting for the Federal Government
Learning Objectives ,[object Object],[object Object],[object Object],[object Object]
Learning Objectives (cont’d) ,[object Object],[object Object]
Learning Objectives (cont’d) ,[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],Federal Government Financial  Management Structure
[object Object],[object Object],[object Object],[object Object],[object Object],Federal Government Financial  Management Structure
[object Object],[object Object],[object Object],[object Object],[object Object],FASAB
[object Object],[object Object],[object Object],[object Object],[object Object],SFFAC No. 1 -  Objectives
[object Object],[object Object],[object Object],[object Object],SFFAC No. 2 - Entity and Display
SFFAC No. 2 - Entity and Display  (cont’d) ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],SFFAC No. 2  - Entity and Display  (cont’d)
[object Object],[object Object],[object Object],[object Object],[object Object],SFFAC No. 2 - Entity and Display  (cont’d)
SFFAC No. 3 - MD&A ,[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Funds used in Federal Accounting
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Required Financial Statements
[object Object],[object Object],[object Object],Balance Sheet
Balance Sheet: Asset Classification Assets Entity Assets Nonentity Assets Intra- Governmental Governmental Intra- Governmental Governmental
[object Object],[object Object],[object Object],[object Object],Balance Sheet: Asset Classification
[object Object],[object Object],[object Object],Balance Sheet: Asset Classification
[object Object],[object Object],[object Object],[object Object],[object Object],Balance Sheet -  Property Plant and Equipment (PP&E)
[object Object],[object Object],[object Object],[object Object],Balance Sheet: Liabilities
[object Object],[object Object],[object Object],[object Object],Balance Sheet: Net Position
[object Object],[object Object],[object Object],[object Object],Statement of Net Cost
[object Object],[object Object],[object Object],Statement of Changes of Net Position
[object Object],[object Object],[object Object],Statement of Budgetary Resources
[object Object],[object Object],[object Object],[object Object],Statement of Financing
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Statement of Custodial Activity
Required Supplemental Information ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],Dual-Track Accounting System
Flow of Budgetary Authority Through the  Budgetary Accounts Budgetary resources Status of resources Unapportioned authority Apportionments Allotments Commitments Undelivered orders Expended authority Other appropriations realized
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Illustrative Transactions for a  Hypothetical Federal Agency
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Illustrative Transactions (cont’d)
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Illustrative Transactions (cont’d)
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Illustrative Transactions (cont’d)
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Illustrative Transactions (cont’d)
[object Object],[object Object],[object Object],[object Object],Illustrative Transactions (cont’d)
[object Object],[object Object],[object Object],[object Object],Illustrative Transactions (cont’d)
[object Object],[object Object],[object Object],Illustrative Transactions  (cont’d)
Government-wide Statements ,[object Object],[object Object]
Government-wide Statements (cont’d) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object],Summary

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Chap012

  • 1. Chapter Twelve Accounting and Reporting for the Federal Government
  • 2.
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17. Balance Sheet: Asset Classification Assets Entity Assets Nonentity Assets Intra- Governmental Governmental Intra- Governmental Governmental
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26.
  • 27.
  • 28.
  • 29.
  • 30. Flow of Budgetary Authority Through the Budgetary Accounts Budgetary resources Status of resources Unapportioned authority Apportionments Allotments Commitments Undelivered orders Expended authority Other appropriations realized
  • 31.
  • 32.
  • 33.
  • 34.
  • 35.
  • 36.
  • 37.
  • 38.
  • 39.
  • 40.
  • 41.