Interfund Activity, Including Transfers

Free CPA BAR (Business Analysis & Reporting) lesson in State and Local Governments. 20 min read, ~2,967 words.

Four categories of interfund activity: loans/advances, services provided and used, transfers, and reimbursements, each with distinct journal entry treatment. Interfund loans create receivables and payables; transfers create "transfers in" and "transfers out" with no expectation of repayment. Interfund loans use due from/due to for current amounts and advance from/advance to...

What this lesson covers

• Content
• Example 1
• Example 2
• Common Mistakes
• Check Your Understanding
• Exam Shortcuts

Learning objectives

• III.C5

Browse all free CPA BAR lessons or jump into free CPA BAR practice questions.