Navigate Yoozpaper

Yoozpaper Front Page
The Yoozpaper
Yoozer Profile
Profile
Shared Paper
Shared Paper
Create Newspaper
Create Paper
Create Customized Paper
Custom Paper
Create Album
Create Album
Yoozer Notifications
Notifications
Edit Profile
Edit Profile
Login
Login

 
 
 
Login on Yoozpaper Facebook Login

Component Units

Written by on


Component Units


0 YOOZ this

The focus of the government-wide financial statements is on the primary government, but discretely presented component units are also included. The columnar approach will depend on how many discretely presented component units are included in the reporting entity. Governments can present all these entities in a single column, or in separate columns to highlight significant characteristics.
1. There are three options for presenting the individual component unit information. They are as follows:
A. Presenting individual columns in the government-wide statements
B. Including combining statements of major component units after the primary government's fund statements
C. Presenting condensed financial statements in the notes to the reporting entity's financial statements
2. The method you choose might also depend on whether the component unit issues separate stand-alone financial statements.
"Blended" component units are included with the government's other funds. These entities look like departments of the government and should be included in the appropriate fund classification (e.g., governmental, proprietary, or fiduciary). Details about an individual blended component unit would be available in the fund statements or the combining statement of nonmajor funds.

Return to CPA Review.





Yoozpaper is a social network of online newspapers written by individuals or groups. Yoozpaper takes free articles that members write and formats them as an online newspaper.

Articles Of The Week

Every office, home, or a business has a magic gray box, which can be called an electric panel.

La technologie laser produit et utilise des lasers

Steak or raw, cooked or baked, roasted or crystallized,

Should you use a web site on your online business

Planet of Online Games