FAR CPA Practice Questions: Government Accounting Measurement Focus and Basis of Accounting

In this video, we walk through 5 FAR CPA exam practice questions about the measurement focus and basis of accounting used by state and local governments for fund and government-wide financial reporting.

Important Links

Link to the free study training webinar mentioned in the video: https://www.superfastcpa.com/strategi...

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https://www.superfastcpa.com/far-cpa-...

See the other FAR walkthrough videos here:
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00:00 Intro
01:10 Question 1: Learning the Fund Categories in Fund Accounting
05:04 Question 2: Measurement Focus and Basis of Accounting for Governmental Funds
07:44 Question 3: Measurement Focus and Basis of Accounting for Proprietary and Fiduciary Funds
09:32 Question 4: Measurement Focus and Basis of Accounting for Government-Wide Financial Statements
11:26 Question 5: Identifying Funds that Use the Economic Resources Measurement Focus and Accrual Basis of Accounting
13:38 Pillar Topics