FAR CPA Practice Questions: Determining the Appropriate Funds for Government Accounting

In this video, we walk through 5 FAR CPA exam practice questions about determining the appropriate funds that a state or local government should use to record activities.

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00:00 Intro
01:01 Question 1: Minimum Number of Required Funds
03:23 Question 2: Calculating the Total Amount Recorded in Fiduciary Funds
06:00 Question 3: Categorizing a Transaction or Event Into the Correct Fund
08:37 Question 4: Categorizing a Transaction or Event Into the Correct Fund Continued
11:01 Question 5: The Difference Between Permanent and Special Revenue Funds
13:39 Pillar Topics