Internal Services Funds

This lecture begins with the Professor discussing proprietary funds (distinguishing between those in internal service funds and those in enterprise funds), as well as comparing and contrasting the distinct purposes of internal service funds and enterprise funds. The differences between the financial reporting requirements of internal service funds and enterprise funds is also discussed in detail (both at the government-wide level financial statements as well as fund financial statements). Following this, the Professor goes over the accounting procedures (including journal entries and financial statements) for both internal service funds and enterprise funds in detail. Lastly, the Professor discusses an array of special topics in accounting for business-type activities of state and local governments.

To receive additional updates regarding our library please subscribe to our mailing list using the following link: