Reconciliation Flashcards
1
Q
How do you adjust C in CANS for NET Position from governmental activities?
A
Add Capital Assets
2
Q
How do you adjust A in CANS for NET Position from governmental activities?
A
Subtract Accumulated Depreciation
3
Q
How do you adjust N in CANS for NET Position from governmental activities?
A
Subtract Non-Current Liabilities
4
Q
How do you adjust S in CANS for NET Position from governmental activities?
A
Add Internal Service Fund Net Position
5
Q
How do you adjust Deferred inflows for determining Net Position from Governmental Activities?
A
Subtract Reduce Deferred Inflows
6
Q
How do you adjust Accrued Interest Payable for determining Net Position from Governmental Activities?
A
Subtract Accrued Interest Payable
7
Q
Where do you start from to find the Government-Wide Net Position
A
Start from Fund Balance (Government Fund) \+ Capital Assets - Depreciation - LTD \+ Internal Service Fund Balance - Deferred Inflows - Accrued Interest Payable
