Differentiate Between Non-Expendable and Expendable Trust Funds

Differentiate Between Non-Expendable and Expendable Trust Funds

Instructions/Descriptions

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Governmental Accounting Discussion

CO1 – Describe fund accounting principles including the government’s Comprehensive Annual Financial Report (CAFR).

CO2 – Explain the various uses of budgets with regard to governmental accounting.

CO3 – Describe appropriate accounting for proprietary fund accounting, and explain the significance of related financial reports.

CO4 – Differentiate between non-expendable and expendable trust funds.

CO5 – Recognize revenues and expenses of nonprofit and governmental entities.

CO6 – Analyze the financial condition of public reports.

Please answer the following questions with supporting examples and full explanations.

For each of the learning objectives, provide an analysis of how the course supported each objective.

Explain how the material learned in this course, based upon the objectives, will be applicable to the professional application.

Reflect back on your journey through this course and answer the following:

What aspects of the profession do you find most challenging, and how will you strengthen those areas as a professional?

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