Nonexchange Revenue Transactions

Free CPA BAR (Business Analysis & Reporting) lesson in State and Local Governments. 19 min read, ~2,782 words.

Nonexchange transactions: one party gives value without receiving equal value (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 when measurable and...

What this lesson covers

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

Learning objectives

• III.C6

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