Explain the Reporting Requirements for Internal Service Funds and Enterprise

question 24

Essay

Explain the reporting requirements for internal service funds and enterprise funds. Internal service funds and enterprise funds are both proprietary funds, so why do their reporting requirements differ?

Appreciate the role of formal and conversational tones in business communication and when each is appropriate.

Recognize the importance of building, maintaining, or repairing credibility.

Understand the effective ways to motivate an audience in communication.

Identify and understand the physical and psychological manifestations of eating disorders, such as anorexia nervosa and bulimia nervosa.

---

Definitions:

Note Receivable

A financial asset representing a written promise for a debtor to pay a specified sum of money to the creditor on a demand or at a future date.

Financing Activities

Activities that result in changes in the size and composition of the equity capital or borrowings of the entity, reflected in its cash flows.

Principal Collection

refers to the portion of payments received that goes towards reducing the outstanding principal balance of a loan.

Equipment Purchase

Equipment purchase refers to the acquisition of physical assets, such as machinery or tools, necessary for a company to operate and produce goods or provide services.