Net Position and Components Thereof
Free CPA BAR (Business Analysis & Reporting) lesson in State and Local Governments. 20 min read, ~2,934 words.
Net position replaces fund balance at the government-wide level and in proprietary/fiduciary funds; it has three components. Net investment in capital assets = capital assets net of depreciation − related debt + deferred outflows on debt − deferred inflows on debt + unspent debt proceeds. Restricted net position = resources...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- III.C1
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