Overview

In this activity, you will explain the various fund types and categories and describe how government financial statements are structured. Along with the Project Two milestone, this activity will be revised in response to instructor feedback and resubmitted as part of Project Two.

Directions

Complete and submit the Excel worksheet in the template listed below.

Specifically, you must address the following rubric criteria:

1. Explain the focus of governmental, proprietary, and fiduciary funds.
2. Determine the individual fund categories within each fund type.
3. Describe the basic structure of both fund and government-wide financial statements.