tailieunhanh - financial audit of the department of public safety_part6

Chương 3: Kiểm toán tài chính cơ quan nhà nước khác cho các dịch vụ cung cấp cho các cơ quan có thu phí. Các số báo cáo như các khoản phải thu ròng được thành lập dựa trên ước tính của ban quản lý các khoản phải thu. Bất kỳ số dư còn lại nổi bật giữa các hoạt động chính phủ và các loại hoạt động kinh doanh được báo cáo trong toàn Chính phủ báo cáo tài chính như số dư nội bộ. | Chapter 3 Financial Audit other state agencies for services provided to those agencies for a fee. The amounts reported as net receivables were established based on management s estimate of amounts collectible. Any residual balances outstanding between the governmental activities and business-type activities are reported in the government-wide financial statements as internal balances. Inventories Inventory of goods materials and supplies is valued at cost first-in first-out method . Inventory in the enterprise fund consists primarily of printing construction and sewing supplies to be used in the Correctional Industries Program. Capital Assets The accounting treatment over capital assets depends on whether the assets are used in governmental fund or proprietary fund operations and whether they are reported in the government-wide or fund financial statements. Capital assets include land improvements to land buildings building improvements vehicles machinery equipment and all other tangible or intangible assets that are used in operations and that have initial useful lives extending beyond a single reporting period. When capital assets are purchased they are capitalized and depreciated in the government-wide financial statements. Capital assets are recorded as expenditures of the current period in the governmental fund financial statements. Capital assets used in proprietary fund operations are accounted for on the same basis as in the government-wide financial statements. Capital assets are valued at cost where historical cost records are available and at estimated historical cost where no records exist. Donated capital assets are valued at their estimated fair value on the date received. Improvements to capital assets that materially add to the value or extend the life of the assets are capitalized. Other repairs and normal maintenance are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed. This is trial .