tailieunhanh - The Automobile Theft Prevention Board Financial Audit For the Period July 1, 1996, through December 31, 1998 July 1999_part5

tài liệu học kế toán kiểm toán căn bản có thể sử dụng kiểm toán một cách hiệu quả trong môi trường làm việc hàng ngày .Tài liệu cập nhật đầy đủ nội dung kiến thức. Mời các thầy cô và các bạn tham khảo | Financial Statements Collections of civil penalties will be deposited into the Civil Penalty Fund which will be maintained by tile FRBNY. The Qvil Penalty Fund is in the process of being established. CFPB did not collect any civil penalties for fiscal year 2011. CFPB also recognizes imputed financing sources. An imputed financing source is recognized by the receiving entity for costs that are paid by other entities. CFPB recognized imputed costs and financing sources in fiscal year 2011 as prescribed by accounting standards. CFPB recogpizes as an imputed financing source the amount of pension expenses for occ and the Office of Personnel Management OPM and post-retirement benefit expenses for OPM for current employees accrued on CFPB s behalf. E. IJse of Estimates The Bureau has made certain estimates and assumptions relating to the reporting of assets liabilities revenues expenses and the disclosure of contingent liabilities to prepare these financial statements. Actual results could differ from these estimates. Significant transactions subject to estimates include costs regarding benefit plans for CFPB employees that are administered by the OPM occ FDIC and the Federal Reserve System and cost allocations among the programs on the Statement of Net Cost. F. Earmarked Funds FASAB s Statement of Federal Financial Accounting Standards SFFAS No. 27 Identifying find Reporting ĩìarmarktdFunds established certain disclosure requirements for funds defined as earmarked. SFFAS No. 27 states that earmarked funds are financed by specifically identified revenues often supplemented by other financing sources which remain available over time. These specifically identified revenues and other financing sources are required by statute to be used for designated activities benefits or purposes and must be accounted for separately from tile Government s general revenues. The standard also presents three required criteria for an earmarked fund. Based on tile standard s criteria CFPB is .