Week 5

Read Chapters 7 and 8 of your Accounting for Governmental and Nonprofit entities (16th or 17th edition) and write a 1,700 word essay that covers the following topics:

-Internal Service funds (definition, reporting, characteristics, and example)

-Enterprise funds (definition, reporting, characteristics, and example)

-what happens when assets are acquired under lease agreements?

-Agency funds (definition, reporting, characteristics, and example)

-Trust funds (definition, reporting, characteristics, and example)

All essays must include an introduction and a conclusion. Turnitin similarity report must be under 10%. Do not copy paste text. Make sure to include at least 5 external references with in-text citations.  Use APA style.