Net Position and Components Thereof
Free CPA BAR (Business Analysis & Reporting) lesson in State and Local Governments. 33 min read, ~4,962 words.
Net position replaces fund balance at the government-wide level and in proprietary and fiduciary funds; governmental funds still report fund balance under GASB 54 classifications. Net position has three components: net investment in capital assets, restricted, and unrestricted. Net investment in capital assets = capital assets net of depreciation −...
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What this lesson covers
- Content
- Example 1
- Example 2
- Example 3
- Example 4
- Example 5
- Example 6
- Example 7
- Example 8
- Example 9
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- III.C1
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