Statement Names SIM

Question 1

The Financial Statement that shows the sources and uses of cash for the pension Fund

Answer 1

None. It is a fiduciary fund and they don’t have statement of cash flow.

Question 2

The Financial Statement prepared under the modified accrual basis of accounting showing “the results of operation for a fund that provides services to general public

Answer 2

Statement of Revenues and Expenditure and changes in the Fund Balance

Question 3

The financial statement that reports the “results of operations” for a fund that charges fee for the services to pay for the cost of the services

Answer 3

Proprietary Fund.

Statement of Revenue, Expense and Changes in Fund Net Position

Question 4

the financial statement prepared using the current financial resources focus in which the governmental unit can transfer its positive unassigned resources to other fund

Answer 4

Governmental Fund

Balance Sheet

Question 5

The financial statement that reports the results of operations of a fund that collects sales tax from merchants before turning the funds over to the city

Answer 5

Statement of Changes in Fiduciary Net Position

Question 6

The financial statement that reports inflow and outflows of cash for the Municipal Swim Club operated as a business

Answer 6

Statement of Cash Flow

Question 7

The financial statement showing all the assets and liabilities of the primary government using full accrual accounting?

Answer 7

Government-Wide Statement of Net Position

Question 8

The financial statement that reports the “results of operations” for the data processing center, a fund that bills governmental agencies for data services.

Answer 8

Statement of Revenue, Expenses and Changes in the Fund Net Position

Question 9

The Government “results of operations” prepared using full accrual accounting

Answer 9

Government-Wide Statement of Activities

Question 10

The Financial Statement that includes the resources of internal services fund as a governmental Activity

Answer 10

Government-Wide Statement of Net Position. It includes Internal Service Fund as Governmental rather than business type activity

Question 11

The Financial Statement that includes infrastructure assets of the primary governmental

Answer 11

Government-Wide Statement of Net Position.