ACC 460 Wk 3 Discussion – Federal, State, and Local Accounting Standards

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ACC 460 Wk 3 Discussion - Federal, State, and Local Accounting Standards
ACC 460 Wk 3 Discussion – Federal, State, and Local Accounting Standards
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ACC 460 Wk 3 Discussion – Federal, State, and Local Accounting Standards

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to classmates or your faculty member.

Due Day 3

Respond to the following in a minimum of 175 words:

Discuss the purpose of the capital projects fund, debt service fund, and permanent fund. Describe the difference between government-wide financial statements and fund-basis financial statements. Why is it necessary for the federal government accounting standards to differ from state and local governments accounting standards?

Due Day 7

Post 2 replies to classmates or your faculty member. Be constructive and professional.