 | Chapter Objectives (See related pages)
Classify and describe revenue recognition criteria for nonexchange transactions. |
 |  |  | Apply the modified accrual basis of accounting in the recording of typical transactions of a General or Special Revenue fund. |
 |  |  | Prepare the fund-basis financial statements for a General or Special Revenue fund. |
 |  |  | Distinguish between the purchases and consumption methods of recording inventories. |
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