Government Reporting - Fixed Assets April 2016

Transcript of Government Reporting - Fixed Assets April 2016

GOV'T ACCOUNTING

FIXED ASSETREPORTING

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Statement ofNet Position

I n t h i s s e c t i o n w e w i l l c o v e r :

Statement ofNet PositionAsset Side

I n t h i s s e c t i o n w e w i l l c o v e r :

Statement ofNet PositionAsset SideNet Position

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Deprec Assets $12,781

Acc Deprec $7,690

I n M i l l i o n s

DEBITS$81,007+ 5,091

= $86,098

CREDITS

$69,286

DIFF $ 16 ,812???

L IAB I L I T I ES

NET INVESTED INCAPITAL ASSETS

Basis- A/D

- Related Debt

What's RelatedDebt?

Think"MORTGAGE"

BONDS

You GottaKnow The

Relationship!

Not All NetPositionIs Liquid

R e c a p o f w h a t w e c o v e r e d :

Report fixed assets netof accumulateddepreciation

R e c a p o f w h a t w e c o v e r e d :

Report fixed assets netof accumulateddepreciation

"Invested In CapitalAssets" is net of relateddebt

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Government Reporting - Fixed Assets April 2016

Education

Transcript of Government Reporting - Fixed Assets April 2016

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