Proprietary Funds Financial Statements

Free CPA BAR (Business Analysis & Reporting) lesson in State and Local Governments. 19 min read, ~2,816 words.

Proprietary funds use full accrual accounting and the economic resources measurement focus, the same basis as commercial entities. Two fund types: enterprise funds (services to external users for a fee) and internal service funds (services to other governmental departments). Three required statements: Statement of Net Position, Statement of Revenues, Expenses...

What this lesson covers

• Content
• Example 1
• Example 2
• Common Mistakes
• Key Takeaways
• Exam Shortcuts

Learning objectives

• III.A3

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