
Statement of Fund Cash Balance Fiduciary Fund Type Auditor State Oh Form
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People also ask
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What are the two types of financial statements for fiduciary funds?
The Statement of Net Position; and, The Statement of Changes in Net Position.
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Which of the following is not a fiduciary fund?
Permanent. Permanent funds are a category of governmental fund, not fiduciary, and are used to manage resources that are legally restricted to the extent that only earnings, and not principal, may be used for purposes that benefit the public hence, answer is d. Permanent.
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Which types of funds are classified as fiduciary funds?
Which types of funds are classified as fiduciary funds? Pension trust, private-purpose trust, investment trust, and Agency Funds.
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Which types of funds are included in the fiduciary funds category multiple choice question?
These include (a) investment trust funds, (b) pension (and other employee benefit) trust funds, (c) private-purpose trust funds, and (d) custodial funds. For more information on determining if a transaction is fiduciary, please see the Determining Fiduciary Custodial Activities page.
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Which statement is a fiduciary fund financial statement?
2.41 The financial statements required for fiduciary funds are the (a) statement of fiduciary net position and (b) statement of changes in fiduciary net position. Those financial statements should be presented using the economic resources measurement focus and the accrual basis of accounting.
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What types of funds are included in the fiduciary funds category?
The fiduciary fund category includes pension (and other employee benefits, as well as other postemployment benefits) trust funds, investment trust funds, private-purpose trust funds, and agency funds.
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Is an investment trust fund a fiduciary fund?
GASB 34 identifies fiduciary funds as pension (and other employee benefit) trust funds, investment trust funds, private-purpose trust funds and agency funds.
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In which set of financial statements are fiduciary type funds reported?
Capital assets of proprietary funds should be reported in both the government-wide and fund financial statements. Capital assets of fiduciary funds should be reported only in the statement of fiduciary net position. All other capital assets of the government are general capital assets.
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