Describe GASB requirements for accounting for investment pools. Include (a) a discussion of when the...
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Accounting
Describe GASB requirements for accounting for investment pools. Include a a discussion of when the use of an investment trust fund or a custodial fund is appropriate; b the portion of the investment pool to be included and excluded from fiduciary funds; c the basis at which investments are to be reported; d reporting of realized and unrealized gains and losses on investments; and e financial reporting ie financial statements
Describe GASB requirements for accounting for investment pools. Include a a discussion of when the use of an investment trust fund or a custodial fund is appropriate; b the portion of the investment pool to be included and excluded from fiduciary funds; c the basis at which investments are to be reported; d reporting of realized and unrealized gains and losses on investments; and e financial reporting ie financial statements
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