Báo cáo Quỹ tài chính của Chính phủ, làm rõ khi chi phí được ghi nhận khi sử dụng thay đổi kế toán dồn tích. Nói chung, chi phí được ghi lại và trách nhiệm pháp lý quỹ được ghi nhận khi hàng hóa và dịch vụ nhận được, bất kể cho dù nguồn lực có sẵn trong quỹ. | Accounting for the General and Special Revenue Funds 89 The term expenditure rather than expense is used in modified accrual accounting. Expenditures are decreases in net financial resources and are generally recognized when the related liability is incurred. Expenditures may be for current purposes such as salaries or supplies for capital outlay or for debt service principal or interest . GASB Interpretation 6 Recognition and Measurement of Certain Liabilities and Expenditures in Governmental Fund Financial Statements clarifies when expenditures should be recognized when using modified accrual accounting. Generally expenditures are recorded and fund liabilities are recognized when goods and services are received regardless of whether resources are available in the fund. The most important exception is that debt service expenditures for principal and interest are recorded when due . This means that debt service expenditures are not accrued but are recognized and fund liabilities are recorded on the maturity date. According to Interpretation 6 expenditures for claims and judgments compensated absences special termination benefits and landfill closure and postclosure care costs of governmental funds should be recognized to the extent that the liabilities are going to be paid with available resources additional amounts are reported as long-term liabilities in the government-wide statements. INTERFUND TRANSACTIONS Interfund transaCẠpS ỄGrtD nsaP DịF betWeinhdin eUEds. Interfund transactions are of particular interest to financial statement preparers and users because failure to report these transactions properly results in two funds being misstated. Additionally because most of these transactions are eliminated in the governmentwide statements it is particularly important they be identified in the accounts of the affected funds. Like related party transactions transactions between funds of the same government may not be assumed to be arm s length in nature. An arm s .
