Nonexchange Revenue Transactions

Free CPA BAR (Business Analysis & Reporting) lesson in State and Local Governments. 18 min read, ~2,741 words.

Nonexchange transactions = one party gives value without receiving equal value in return (taxes, grants, fines, donations). Four GASB 33 classes: derived tax revenues, imposed nonexchange revenues, government-mandated nonexchange transactions, voluntary nonexchange transactions. Accrual basis (government-wide, proprietary): recognize when all eligibility requirements are met. Modified accrual basis (governmental funds): recognize...

What this lesson covers

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

Learning objectives

• III.C6

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