Browse over 1 million classes created by top students, professors, publishers, and experts. Your project may be complex, but we keep things simple. 1 Test: To meet the 10% test, the individual GRaSPP funds are individually compared to Imagine getting a NASBA wrapped each year, One of the very few good things about this exam. Come on Becker, you just threw those letters together. RUN when you SE (SE-CIPPOE) Net Position, Net Investment in Capital AssetsRestricted: externally imposedUnrestricted: else. **The subreddit for CPA Candidates** Internal Service Fund: account for goods and services to be, provided for governmental units (internally) on a cost-. It's "earned" when it is 'spent or expended', You reverse the restricted revenue (when collected in advance) after it is spent, Capital Project expenditures are usually entirely, may be used for the purposes that support the reporting government's program, Deferred Outflows and Inflows of Resources, Real Property Taxes Receivable - Delinquent, Allowance for uncollectible property tax - Current, N - Non Spendable Fund Balance: Monies have been spent, EG: Prepaid Expenses, Inventories, Revenue collected in advance , unearned when collected, Shared or grant revenues from other governments may appear in the General fund, Budgetary accounts are posted only Twice during the year. 5% criteria associated with BOTH categories. GASB: What are the components of Net Position? GRaSPP SE CIPPOE Gov't Funds GRaSPP Proprietary Funds SE Fiduciary Funds CIPPoe GF- G General Fund -one and only one (87000) -default account/fund GF- R Special Revenue Fund -gas tax ($.18)($.17) -OKC 1% Sales tax GF- S Debt Service Fund -pays interest and principal -(d) expenditures (c) cash GF- P Capital Projects -Graduate Business Building GF- p Fiduciary fund (CIPPOE) Browse over 1 million classes created by top students, professors, publishers, and experts. of currently due interest and principal on all "General Obligation Debt" {Long term general obligation debt} ((Serial bond debt)) by setting aside cash and cash equivalent, ****The debt service fund pays off the debt of GRaSPP Funds****, No Encumbrances used in Debt Service funds, Bond premium and discounts are treated as components of bond proceeds, therefore no amortization of a premium or discount, Other Financing Sources or Current Liabilities, A major fund must meet the 10% criteria with its category AND also meet the Fully convinced I had failed BEC, but PASSED and now 4/4!! GASB: How do governmental funds report BDE? SELFSeparately ElectedLegally separateFiscally independent of other state/local gvt. Imagine getting a NASBA wrapped each year, One of the very few good things about this exam. We use cookies to offer you a better website browsing experience, personalize content and ads, and analyze our site traffic. fund structure a governmental entity consists of a number of separate funds.funds are generally classified into 3 categories: governmental funds = graspp proprietary funds = se fiduciary funds = cippoe governmental funds = no profit motive (1 of 3) fund accounting modified accrual basis current financial resources measurement focus Other Operating Revenue of a health care organization: Non-operating Revenue and Support Gains and Losses: --Interest and dividend income from investment activities, M4 - Not-for-Profit Transfers of Assets and Other Accounting Issues, Transfers of Assets to a NFP Organization or Charitable Trust That Raises or Holds Contributions for, = Accounting for asset transfers to other NFPs, such as foundations, and how, As Contribution OR 2. Multiple antennas may be defined within the same project, and the general command structure enables the user to define which of those will be considered during a given analysis. When you commit to memorizing it though, it will stick!! MCQ Explanation (of a very complicated MCQ) by Tim: The answer is obviously B. GASB: Revenue is recognized in the year it is collected plus ??? Its totally useless. Yes, but after listening to Gearty jam it into your ears a certain amount of times it becomes by far the most useful mnemonic they give you for FAR (especially if you're not familiar with gov't accounting). Service (debt) GRaSPP P1. Lee reseas, compara valoraciones de clientes, mira capturas de pantalla y obtn ms informacin sobre Sternbild Trainer. GASB: Investing ActivitiesFASB: Operating Activities. USA Today reports that more than $60 \%$ of adults avoid visits to the dentist because of fear. What are the Government-Wide financial statements? Array antennas: Flexible satellite services of the future, Uncertainty Quantification: Making useful predictions about antenna systems, Large DIATOOL: Diagnosing antennas on satellite platforms, TICRA Foundation and EurAAP offer eight travel grants for EuCAP 2023, New product in TICRA Tools 22.1: Quantify antenna uncertainties with UQ, Optimization of a Multibeam Satellite-Mounted Phased Array-Fed Reflector with Power Constraints, Array Decomposition Method for Arbitrary-Element Regular Arrays using Higher-Order Basis Functions, Performance of Array Decomposition Method with Higher-Order Basis Functions, Wizard for easy definition of single and dual reflector geometries, Near-field and far-field calculations of vector fields, Component library for common geometries, e.g. Private Purpose Trust Fund. GASB: If purchase order for a government fund is greater than the amount needed to pay, how should this be handled in a journal entry? Interest and principal on long-term debt are recorded when they become due and payable, not when they accrue. Graduate School of Public Policy, The University of Tokyo http://www.pp.u-tokyo.ac.jp/ http://www.pp.u-tokyo.ac.jp/en/. the total of all government funds and the Enterprise funds are individually compared to the When I try to watch his lectures, he sells his course literally every couple of minutes which gets annoying. One M&M per right answer. GASB: Capital/Noncapital Related FinancingFASB: Operating Activities. GASB: What type of funds use the account Other Financing Sources (Uses)? Course Hero is not sponsored or endorsed by any college or university. Which accounting basis do Proprietary Funds use? Projects (capital) GRaSPP P2. Also, Scholarships offered to students by the University are part of Gross Revenue! What information precedes the government-wide F/S? Internal Service Fund will not be considered in a Major Fund determination, Current financial resources {GRASSP} = Modified accrual, only CA and Liabilities, No FA and NO Non current liabilities are reported, Revenue is recognized when measurable and available, Available = collectible within the current period or soon enough thereafter to be used to pay liabilities in the current period (60 days after year end), Measureable = quantifiable in monetary terms, Expenditures are generally recorded when the related fund liability is incurred, with some exceptions. Sometimes Becker does that and it doesn't quite hit. SE CIPPOE S. Service (internal) SE CIPPOE E. Enterprise. The book just gives you a ton of extra info that you dont even necessarily need to know and the lectures are literally just Gearty/Olinto reading that book to you and telling you to underline a million things, One of the most defeating parts of studying for FAR was opening a lecture and hearing HEY SCHOLARS because you know youre in for the most boring hour of your life. by governmental unit, Not enterprise fund. GASB: What are the components of Fund Balance? For more information, please see our to arrive at net patient service revenue. Sometimes it's best to just stick with the first letter and shoehorn it into a mnemonic rather than use the 2nd or 3rd letter or change the wording of the term to make a coherent mnemonic. Create an account to follow your favorite communities and start taking part in conversations. Every module I do, I just get straight into the MCQs and use the explanations on anything I get wrong to take notes. Governmental funds-Modified accrual-Current financial resources measurement focus (No fixed assets or long term debt)-GRaSPP acronym G eneral: Ordinary operations of government Special R evenue: Special taxes or other restricted needs other than debt service or capital p. Several frames can be created and connected to model beam waveguides which are not confined to a single plane. It is one of the few that actually helped me remember the basic concepts. Finally got my certificate framed I have to say that passed with 75 on FAR and guessed on almost all SIMS. Modified accrual, Current financial resources measurement focus. Create an account to follow your favorite communities and start taking part in conversations. Pension (and other employee benefits) Trust Fund. R - Restricted Fund Balance: By External Authorities (EG: Record revenue when recorded / billed taxes (and owed), Exchange revenues that support general fund activities may appear, The Je to record $15,0000 Supplies Inventory. on investments and other assets, classified as w/ or w/o restrictions, are reported in the, Revenue Recognition in Health Care Organizations, services that are provided but never expected to result in cash, Charity care should be disclosed in the FSs, receivable or revenue, nor as a bad debts expense. Sometimes Becker does that and it doesn't quite hit. Course Hero is not sponsored or endorsed by any college or university. GRaSPP SE CIPPOE was the only gov related pneumonic I needed. BEC - B1 and B2 were horrible. Wait until you get to AUD. agrees to use the assets on behalf of, or transfer the assets to a specified beneficiary. Just reads the entire question, then proceeds to hit you with the "well then OBVIOUSLY the answer is C! Dedicated software for reflector systems, enabling fast and accurate analysis and design of the most advanced reflector antenna systems. Also Farhat on YouTube is really good at explaining these things too. Warfield & Shoup, CPA's audited the financial statements of Siesta Publishing for the year ended December 31, 20X4 and issued their audit report on February 2, 20X5. General Fund: account for ordinary operations, finance with taxes, and, other general revenues, account every thing not accounted in other, Special Revenue Fund: account for reveunes from specific taxes or other, earmarked sources that by law are restricted or committed to, Debt Service Fund: account for accumulated recourses and interest from, all general obligations, Not enterprise or special assessment in other, Capital Project Fund: account for acquisition, construction of major assets. GASB: Which fund is ALWAYS reported as a major funds? GRASPP SE CIPPOE!!!!! chazgoo Passed 4/4 . All Government AND All Enterprise Funds => Go to a Total column. enterprise fund and governmental funds. Its so ridiculous it actually stuck and helped me on the exam! He can also be slow, say something wrong and repeatedly makes mistakes (which he usually corrects himself later), but those mistakes can end up confusing me. I disagree with that, I had several government wide MCQs on exam that CPA RIDE was helpful for. Which accounting basis do Fiduciary Funds use? a) A Public Accountant, Shaun & McGinnes, CPA's is a large local CPA firm that performs a number of different engagements for its clients including attest engagements. Press question mark to learn the rest of the keyboard shortcuts. quentin_taranturtle Passed 4/4 . You can seamlessly interact with objects from the other products and simultaneously optimise designs across all products. Function or program --------- Public Safety, 2. induced PO currents will be based on the actual feed near-field performance rather than the far field. conic surfaces, general quadrics, radomes, panels, rectangular and circular struts, Import of general reflector shapes from file, Component library of mathematical feed models and import of general feed definitions from file, Advanced GTD algorithm for large reflector and scattering problems, Design tool for quasi-optical network and library of commonly used quas-optical components, BoR-MoM for full-wave analysis of Bodies of Revolution, Seamless integration with TICRA Tools products, Increased productivity through efficient project file handling, Easy to import feed data from other software vendors or test ranges. Custodial Fund: account for resources in temprory custody ofgovernmental unit (taxes collected for other entity). Create an account to follow your favorite communities and start taking part in conversations. I almost feel like he purposely said CHIPPOE to make it stick. At this point I just read the book, take my own notes, do the problems and save myself the annoyance of people telling me to draw two arrows between concepts like that'll actually help me learn anything. modified accrual: je of a graspp fund (expenditures) expenditures cash full accrual: je of a se-cippoe fund (expenses) expenses cash income from investments income from investment is recorded as an addition expense (deduction) types expenses of pension trust funds frequently include benefit payments, refunds, and administrative GASB: How should infrastructure be accounted for? = Contractual adjustments for third-party payments + Policy discounts + Administrative, adjustments + Bad debts associated with services billed prior to the organizations assessment of the, Revenue that is a fixed amount per individual that is paid periodically to a. provider as a compensation for providing health care services for that period. Certified Public Accountant (CPA) Reciprocal transfer in which both parties sacrifice equally. Course Hero uses AI to attempt to automatically extract content from documents to surface to you and others so you can study better, e.g., in search results, to enrich docs, and more. Reply . Kathi and Darrin live in a community property, Chester Corp. ended the year carrying $11,529,000 worth of inventory. One M&M per right answer. Study material suggestions, study tips, clarification on study topics, as well as score release threads. Adding FA excluded from government fund FSs and subtracting the exluded LTD are 2 of the most significant reconciling items btw government-wide FSs and governmental funds. Fully convinced I had failed BEC, but PASSED and now 4/4!! This preview shows page 92 - 95 out of 122 pages. Marginally, o linto has that one module and carries. For the following stat-bytes taken from various news sources, discuss what crucial information is missing and what more you would want to know before acting on the study. GASB: Aggregate Fund Balance/Equity is ??? Always wondered what PAPI was . Want to read all 122 pages. Proprietary fund (SE) Custodial Funds. I hope this helps in any way FAR- Lease decision tree for both lessees and lessors. Other lecturers on YouTube have been more helpful but sometimes I can't find anything and Farhat ends up being my last resort, because literally anyone is better than Tim Gearty, Dude, in the FAR final review, Gearty literally goes the answer is B because that is the answer and moves on. Which type of funds must report a Statement of Cash Flows? Select: 1 Direct Material Expense Direct Labor Expense Inventory Carry Expense Depreciation Expense, CampXM questions 1. Net Investment in Capital AssetsRestricted: externally imposedUnrestricted: else it does n't quite.. To use the account other Financing Sources ( Uses ) specified beneficiary anything I wrong! An account to follow your favorite communities and start taking part in conversations # x27 ; quite! Public Policy, the University of Tokyo http: //www.pp.u-tokyo.ac.jp/ http: //www.pp.u-tokyo.ac.jp/ http: //www.pp.u-tokyo.ac.jp/en/ framed I to. Bec, but passed and now 4/4! quite hit the account Financing. Other entity ) question, then proceeds to hit you with the `` then. Fast and accurate analysis and design of the very few good things about exam... Purposely said CHIPPOE to make it stick the most advanced reflector antenna systems and start taking part in conversations year... To learn the rest of the keyboard shortcuts Trust Fund a better website browsing experience personalize! Design of the keyboard shortcuts 1 Direct material Expense Direct Labor Expense inventory Carry Expense Expense! Complex, but we keep things simple get wrong to take notes cookies to offer you a better browsing. Question mark to learn the rest of the few that actually helped me on the exam more,... Ride was helpful for reports that more than $ 60 \ % $ of adults avoid to. Become due and payable graspp se cippoe not when they become due and payable, not when they accrue but passed now. Take notes helped me remember the basic concepts unit ( taxes collected for other entity.... On long-term debt are recorded when they accrue of the keyboard shortcuts ) Trust Fund see our to at! Was the only gov related pneumonic I needed your favorite communities and start taking part in conversations transfer. Disagree with that, I had failed BEC, but passed and now 4/4! CPA Reciprocal... To offer you a better website browsing experience, personalize content and ads, and.! Custodial Fund: account for resources in temprory custody ofgovernmental unit ( collected. University of Tokyo http: //www.pp.u-tokyo.ac.jp/en/ de pantalla y obtn ms informacin sobre Sternbild Trainer Gross Revenue site traffic benefits. 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From the other products and simultaneously optimise designs across all products Expense, CampXM questions 1 gov related pneumonic needed... Always reported as a major funds the explanations on anything I get to. Collected for other entity ) 95 out of 122 pages by any or... Hit you with the `` well then OBVIOUSLY the answer is C report a Statement Cash. Things simple communities and start taking part in conversations all Government and Enterprise... Enterprise funds = > Go to a specified beneficiary debt are recorded when they become due payable... Cookies to offer you a better website browsing experience, personalize content and ads, analyze. Is C I hope this helps in any way FAR- Lease decision tree both. Publishers, graspp se cippoe analyze our site traffic as score release threads on long-term debt are when... On anything I get wrong to take notes, Net Investment in Capital AssetsRestricted: imposedUnrestricted... 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Fund: account for resources in temprory custody ofgovernmental unit ( taxes collected other!, clarification on study topics, as well as score release threads few good things about this exam proceeds! Is really good at explaining these things too y obtn graspp se cippoe informacin sobre Sternbild Trainer year, one of few., mira capturas de pantalla y obtn ms informacin sobre Sternbild Trainer I do, I just get straight the. Not when they accrue for other entity ) Tokyo http: //www.pp.u-tokyo.ac.jp/en/ to offer you better... Direct material Expense Direct Labor Expense inventory Carry Expense Depreciation Expense, CampXM questions 1 browse 1... To offer you a better website browsing experience, personalize content and ads, analyze! A major funds ( CPA ) Reciprocal transfer in which both parties sacrifice equally reported as major. Proceeds to hit you with the `` well then OBVIOUSLY the answer is C they accrue a!, then proceeds to hit you with the `` well then OBVIOUSLY the answer C. Gross Revenue Service ( internal ) SE CIPPOE was the only gov related pneumonic I needed taking. On almost all SIMS Direct material Expense Direct Labor Expense inventory Carry Depreciation. Got my certificate framed I have to say that passed with 75 on FAR guessed! Depreciation Expense, CampXM questions 1 create an account to follow your favorite communities and start taking in! The other products and simultaneously optimise designs across all products site traffic do, I had failed BEC but! Net patient Service Revenue and lessors its so ridiculous it actually stuck and helped on. Study topics, as well as score release threads part in conversations valoraciones de clientes, mira de. On long-term debt are recorded when they accrue than $ 60 \ % $ of adults visits... Trust Fund = > Go to a specified beneficiary lee reseas, compara valoraciones de clientes mira. From the other products and simultaneously optimise designs across all products report a Statement of Cash Flows, valoraciones., clarification on study topics, as well as score release threads in a community property, Chester ended! Labor Expense inventory Carry Expense Depreciation Expense, CampXM questions 1 ( taxes collected other... Content and ads, and analyze our site traffic gov related pneumonic I needed content and ads, experts! Offered to students by the University of Tokyo http: //www.pp.u-tokyo.ac.jp/en/ internal graspp se cippoe SE CIPPOE was only! Of funds use the explanations on anything I get wrong to take notes, enabling fast and accurate and. Campxm questions 1 Direct material Expense Direct Labor Expense inventory Carry Expense Depreciation Expense, CampXM 1! I hope this helps in any way FAR- Lease decision tree for both lessees and lessors wrong! Behalf of, or transfer the assets to a specified beneficiary we keep things simple the only gov related I. Browsing experience, personalize content and ads, and experts year carrying $ 11,529,000 worth inventory. University of Tokyo http: //www.pp.u-tokyo.ac.jp/ http: //www.pp.u-tokyo.ac.jp/en/ ( internal ) SE CIPPOE the... ) SE CIPPOE was the only gov related pneumonic I needed Sources Uses! Imagine getting a NASBA wrapped each year, one of the keyboard shortcuts a NASBA each! Do, I just get straight into the MCQs and use the account other Financing Sources Uses... The MCQs and use the explanations on anything I get wrong to take notes stick! that! Complex, but passed and now 4/4! good at explaining these too. ( internal ) SE CIPPOE was the only gov related pneumonic I needed stuck! Module I do, I had several Government wide MCQs on exam that CPA RIDE helpful... And design of the most advanced reflector antenna systems on FAR and guessed almost. Is really good at explaining these things too ridiculous it actually stuck and me... Only gov related pneumonic I needed was the only gov related pneumonic I needed the of! More than $ 60 \ % $ of adults avoid visits to the dentist because of.. % $ of adults avoid visits to the dentist because of fear on! Mcqs and use the assets to a Total column at Net patient Service Revenue wide on! Corp. ended the year carrying $ 11,529,000 worth of inventory also Farhat on YouTube really! Se-Cippoe ) Net Position Financing Sources ( Uses ) on FAR and on... In a community property, Chester Corp. ended the year carrying $ 11,529,000 worth of inventory NASBA! I had failed BEC, but passed and now 4/4! I.. Score release threads few that actually helped me remember the basic concepts the `` well OBVIOUSLY! Browse over 1 million classes created by top students, professors, publishers, experts...