18
Accounting Issues
•
•Major funds
•Enterprise fund accounting
•Internal service fund accounting •Infrastructure/modified approach
•Capitalized interest cost
•Depreciation/accum dep
•Valuation of receivables
•
•Inventory valuation
•Restricted assets
•L-T liabilities
•Elimination of internal allocations
•Accrual adjustments
•Cost allocation
•Interest exp distrib.
•FASB stmts
•
Ø  Will impact all entities