• Fiduciary funds | Agency Funds | Trust Funds | CPA exam FAR | Governmental Accounting course

    Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ A fiduciary fund is used in governmental accounting to report on assets held in trust for others. When financial statements are prepared for fiduciary funds, they are presented using the economic resources measurement focus and the accrual basis of accounting. The required financial statements for a fiduciary fund are as follows: Statement of fiduciary net position Statement of changes in fiduciary net position The fiduciary funds classification includes the following funds: Agency funds. Used to report on resources held in a custodial c...

    published: 10 Jun 2017
  • Accounting For Fiduciary Funds July 2015

    An overview of accounting for fiduciary funds of state and local governments

    published: 03 Jul 2015
  • US-Gaap : GASB - Fiduciary Funds

    Four types of Fiduciary funds are Pension Trust funds, Investment Trust funds, Private Purpose Trust funds and Agency funds. Pension trust funds are funds held in trust for payment of employee retirement and benefits. Investment trust funds are funds held in a trust when government is trustee. Private purpose trust funds are trust arrangements where principal remains intact and income generated is used for the benefits. Agency funds are funds held by government in a purely custodial capacity. Audio - Video by SSK Advisory Our Website : http://www.sskadvisory.com/ Subscribe to us YouTube on https://www.youtube.com/channel/UCAnTXIXnZH5vlnfxbbl47OQ?sub_confirmation=1 Like us on Facebook at https://www.facebook.com/SSKAdvisory Follow us on Twitter at https://twitter.com/AdvisorySsk

    published: 27 May 2016
  • Overview of Fiduciary Funds

    In this video, fiduciary funds are discussed.

    published: 28 May 2017
  • Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agency & Trust Funds

    Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agencies and Trust Funds (Chapter 8) April 3rd, 2013 by Professor Irfan Bora This lecture is begin with an explanation of how trust funds and agency funds are used to report on the fiduciary activities of a government. Agency funds and trust funds are also compared and contrasted (for trust funds, when they are used privately, for investing, or for pensions). The purpose and applications of agency funds is also discussed, as well as the standard activities and proper financial reporting for agency funds. The purposes, proper accounting, and proper financial reporting methods for cash, investment pools, investment trust funds, private purpose trust funds, and pension trust funds. Lastly, the proper accounting ...

    published: 23 May 2013
  • Free CPA Exam Deep Dive: Fiduciary Funds

    Get your free trial of Wiley CPAexcel today http://ow.ly/ICCtm In this free CPA Exam Deep Dive from Wiley CPAexcel, Prof. Donald Deis of Texas A&M University - Corpus Christi provides an in-depth look at how a Tax Agency Fund (TAF) works. This is part of the overall Wiley CPAexcel lesson on Fiduciary Funds, which are covered in the FAR section of the CPA Exam.

    published: 07 Jul 2015
  • What Is A Fiduciary Fund?

    Fiduciary funds are used to report assets held in a trustee or agency capacity for others and therefore cannot be used to support the governments own programs. Resources held in trust for the benefit of the agencys own programs or Texas citizenry are accounted for in a governmental fund rather than a fiduciary fund. Fiduciary fund accountingtools 10 may 2017 a fiduciary is used in governmental accounting to report on assets held trust for others. When financial statements are prepared for fiduciary fund reporting focuses on net position and changes in. In november 2014, the governmental. Fiduciary funds government holds resources in a trust or agency capacity for the benefit of othersfunds held fiduciary. Fiduciary funds fiduciary should be used to report fund accounting wikipedia. Agen...

    published: 18 Dec 2017
  • Retirement Plans: Last Week Tonight with John Oliver (HBO)

    Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight

    published: 13 Jun 2016
  • Friends Fiduciary Corporation - The Quaker Green Fund

    published: 13 Jun 2014
  • . How should governments report permanent fund and fiduciary fund bal

    . How should governments report permanent fund and fiduciary fund balances and income in their government-wide statements? Explain 2. Why do the balance sheets of agency funds contain only assets and liabilities, but no fund balances? Why is it often unclear whether the resources relating to a particular activity should be accounted for in an agency fund or a governmental fund? Explain 3. What is the distinction, as drawn by the GASB, between a fiduciary fund and a permanent fund. Explain

    published: 15 Mar 2018
  • wayne lippman Fiduciary fund

    Used to account for funds held by Govt entity as a Trustee or Agent Uses Accrual basis of accounting and Economic Resources measurement focus (2 Exceptions) Only Fund Statements are prepared by Fund Type Statement of Net Assets Statement of Changes in Fiduciary Net Assets Combining Statements

    published: 16 Dec 2015
  • How Will The New Fiduciary Rules Affect Sales Of Mutual Funds And Stocks?

    Kale is confused about the new fiduciary rules. A broker told Kale that he would no longer be able to purchase mutual funds and stocks through an individual retirement account. Wes confirms that the broker has told an "our right lie," and explains the true nature of the new fiduciary rules. Original air date: June 4, 2017 - Hour 2, Call 2. Wes Moss is the host of MONEY MATTERS – the country’s longest running live call-in, investment and personal finance radio show – on News 95-5FM and AM 750 WSB. You Can Retire Sooner Than Buy it here: https://retiresoonerbook.com/

    published: 27 Mar 2018
  • –C. Part 3. Fiduciary Fund Financial Statements Required: Using the b

    \u0096C. Part 3. Fiduciary Fund Financial Statements Required: Using the balances from Parts 1 and 2 prepare the following: 1. Statement of Changes in Fiduciary Net Assets. 2. Statement of Fiduciary Net Assets The City of Monroe Scholarship Foundation private-purpose trust fund had the following account balances on January 1, 2015: Debits Credits Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 49,500 Accrued Interest Receivable . . . . . . . . . . . . . . . . . . 7,500 Investments in Corporate Bonds . . . . . . . . . . 750,000 Net Assets Held in Trust . . . . . . . . . $ 807,000 Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 807,000 $ 807,000 Required: a. Open a general journal for the City of Monroe Community Foundation Trust Fund a...

    published: 28 Mar 2018
  • Is Your Advisor a Fiduciary?

    Look, there are LOTS of advisors out there to pick from. And there are lots of differences between them. So if there is one thing that separates them more than anything else, one thing that tells you who may really have your best interest at heart, one thing more than anything else what would that be? The answer, I believe, is whether or not your advisor is a fiduciary. When we’re talking about a financial advisory relationship, a fiduciary standard requires your advisor to put your interests above his own. If your advisor is a fiduciary it means he legally has to act in the best interest of you, the client. It means the advisor has to avoid conflicts of interests and disclose wherever there might be one, and that his or her analysis of the client’s situation must be thorough and complete...

    published: 01 Oct 2017
  • John Bogle: Investing in Index Funds and Vanguard

    An interview with John C. Bogle, the founder and former CEO of The Vanguard Group. In this interview John discusses actively managed funds and index, arguing why index are superior. John also covers what the non professional should do with his money to get the best investment. 📚 Books by John Bogle and his favourite books are located at the bottom of the description❗ Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Video Segments: 0:00 Introduction 0:24 What was Vanguard like in 1974? 4:23 Are there people trying to confuse others? 5:26 Diminishment of long term investing 6:36 Anything good about trading? 7:09 What motivating high turnover in portfolio? 8:23 Any active managers doing the right thing? 10:53 How does...

    published: 19 Jan 2017
  • Government Funds

    Please like our Facebook page at https://www.facebook.com/rutgersweb To watch the entire video, go to https://www.youtube.com/watch?v=ThRGdw2NiR4 Video Summary: After giving a brief overview of the learning objectives of the chapter, the measurement focus is outlined (including the difference between operational and fiscal accountability). The modified accrual basis of accounting and accrual basis of accounting are also compared and contrasted. Following that, the primary activities of the government are discussed as well as the two basic sets of financial statements involved (government-wide and fund financial statements). Funds are also defined, as well as the different categories of funds (governmental funds, proprietary funds, and fiduciary funds) - however, governmental funds are fo...

    published: 16 Jul 2015
  • Fund Accounting | Fund Balance | Elements of Governmental Financial Statements | CPA Exam FAR

    www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ Government and not‐for‐profit organizations establish their accounting systems on a fund basis. In governmental and not‐for‐profit accounting, the term fund has a different meaning than it does in business accounting. In business accounting, funds typically refer either to working capital (current assets less current liabilities) or to selected elements of working capital (such as cash and investments), and only a single accounting entity is used to account for all the activities of a business. The crux of nonbusine...

    published: 09 Jun 2017
  • The Impending Fiduciary Armageddon Of (Most) Mutual Fund Share Classes

    An "#OfficeHours with Michael Kitces" Periscope, looking at the impending fiduciary Armageddon of (most) mutual fund share classes. For further details, see https://www.kitces.com/blog/variable-annuity-mutual-fund-share-classes-ending-under-dol-fiduciary/

    published: 22 Feb 2017
  • hapter 8 Recording Transactions Affecting a Fiduciary Fund—a Tax Agen

    hapter 8 Recording Transactions Affecting a Fiduciary Fund\u2014a Tax Agency Fund The City of Smithville administers a tax agency fund that bills and collects property taxes levied by the governing bodies of the Smithville Consolidated School District (CSD), Smith County, and the Smith County Fire Protection District (FPD), in addition to those levied by the City of Smithville for its General Fund. (Note: Beginning in FY 2018, the tax agency fund will also account for property tax billing and collection for the City of Smithville\u2019s debt service fund. That fund will not levy property taxes for FY 2017.) As permitted by state law, the City of Smithville charges a collection fee of one percent of all taxes collected for the other governments. CITY OF SMITHVILLE Tax Agency Fund Post-closi...

    published: 26 Mar 2018
  • General Fund | Debt Service Funds | Capital Project Funds | Special Revenue Funds | CPA exam FAR

    www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ The major functions typical of government, such as police, fire and sanitation, come under the category of governmental funds. The different funds in this category enable governments to record and balance cash, liabilities and other data separately for different activities. The modified accrual basis of accounting is used for governmental funds. This means that the government records revenue whenever it is available and can be measured. However, it records expenditures when it incurs liability for them. The focus of...

    published: 09 Jun 2017
  • hapter 8 Recording Transactions Affecting a Fiduciary Fund—a TaxAgenc

    hapter 8 Recording Transactions Affecting a Fiduciary Fund\u0097a TaxAgency Fund The City of Smithville administers a tax agency fund that bills and collects property taxeslevied by the governing bodies of the Smithville Consolidated School District (CSD), SmithCounty, and the Smith County Fire Protection District (FPD), in addition to those levied bythe City of Smithville for its General Fund. (Note: Beginning in FY 2015, the tax agencyfund will also account for property tax billing and collection for the City of Smithville\u0092s debtservice fund. That fund will not levy property taxes for FY 2014.) As permitted by state law,the City of Smithville charges a collection fee of one percent of all taxes collected for theother governments. CITY OF SMITHVILLETax Agency FundPost-closing Trial B...

    published: 02 Apr 2018
  • Fiduciary fund activities are not included in the government-wide fin

    Fiduciary fund activities are not included in the government-wide financial statements Because the resources in the funds are not owned by the government.

    published: 26 Feb 2018
  • The Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research

    Prof. William L. Megginson (University of Oklahoma) presenting his paper at the ECGI Asia conference in Tokyo, Japan. To access the slides for this presentation, click here: http://ecgi.global/content/ecgi-asia-corporate-governance-dialogue-2016

    published: 21 Aug 2016
  • Governmental Accounting: Fiduciary Funds Part 1 of 4

    Accounting for Governmental Fiduciary Activities [Somali] by Muhammad Ali Farah from the University of Burao. Please LIKE this video and subscribe to my channel

    published: 14 Sep 2014
developed with YouTube
Fiduciary funds |  Agency Funds | Trust Funds | CPA exam FAR | Governmental Accounting course
11:50

Fiduciary funds | Agency Funds | Trust Funds | CPA exam FAR | Governmental Accounting course

  • Order:
  • Duration: 11:50
  • Updated: 10 Jun 2017
  • views: 1289
videos
Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ A fiduciary fund is used in governmental accounting to report on assets held in trust for others. When financial statements are prepared for fiduciary funds, they are presented using the economic resources measurement focus and the accrual basis of accounting. The required financial statements for a fiduciary fund are as follows: Statement of fiduciary net position Statement of changes in fiduciary net position The fiduciary funds classification includes the following funds: Agency funds. Used to report on resources held in a custodial capacity, where funds are received, temporarily invested, and remitted to other parties. Investment trust funds. Used to report the external portion of an investment pool that is reported by the sponsoring government. Pension and employee benefit trust funds. Used to report on assets held in trust for pension plans, other post-employment benefit plans, and employee benefit plans. Private-purpose trust funds. Used to report on trust arrangements where the individuals, private organizations, and other governments are the beneficiaries.
https://wn.com/Fiduciary_Funds_|_Agency_Funds_|_Trust_Funds_|_Cpa_Exam_Far_|_Governmental_Accounting_Course
Accounting For Fiduciary Funds July 2015
6:54

Accounting For Fiduciary Funds July 2015

  • Order:
  • Duration: 6:54
  • Updated: 03 Jul 2015
  • views: 1220
videos
An overview of accounting for fiduciary funds of state and local governments
https://wn.com/Accounting_For_Fiduciary_Funds_July_2015
US-Gaap : GASB - Fiduciary Funds
1:18

US-Gaap : GASB - Fiduciary Funds

  • Order:
  • Duration: 1:18
  • Updated: 27 May 2016
  • views: 234
videos
Four types of Fiduciary funds are Pension Trust funds, Investment Trust funds, Private Purpose Trust funds and Agency funds. Pension trust funds are funds held in trust for payment of employee retirement and benefits. Investment trust funds are funds held in a trust when government is trustee. Private purpose trust funds are trust arrangements where principal remains intact and income generated is used for the benefits. Agency funds are funds held by government in a purely custodial capacity. Audio - Video by SSK Advisory Our Website : http://www.sskadvisory.com/ Subscribe to us YouTube on https://www.youtube.com/channel/UCAnTXIXnZH5vlnfxbbl47OQ?sub_confirmation=1 Like us on Facebook at https://www.facebook.com/SSKAdvisory Follow us on Twitter at https://twitter.com/AdvisorySsk
https://wn.com/US_Gaap_Gasb_Fiduciary_Funds
Overview of Fiduciary Funds
2:55

Overview of Fiduciary Funds

  • Order:
  • Duration: 2:55
  • Updated: 28 May 2017
  • views: 35
videos
In this video, fiduciary funds are discussed.
https://wn.com/Overview_Of_Fiduciary_Funds
Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agency & Trust Funds
1:45:34

Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agency & Trust Funds

  • Order:
  • Duration: 1:45:34
  • Updated: 23 May 2013
  • views: 1853
videos
Government & Non-Profit Accounting: Accounting for Fiduciary Activities - Agencies and Trust Funds (Chapter 8) April 3rd, 2013 by Professor Irfan Bora This lecture is begin with an explanation of how trust funds and agency funds are used to report on the fiduciary activities of a government. Agency funds and trust funds are also compared and contrasted (for trust funds, when they are used privately, for investing, or for pensions). The purpose and applications of agency funds is also discussed, as well as the standard activities and proper financial reporting for agency funds. The purposes, proper accounting, and proper financial reporting methods for cash, investment pools, investment trust funds, private purpose trust funds, and pension trust funds. Lastly, the proper accounting for postemployment benefits is discussed before completing the lecture. ------QUICK NAVIGATION------ Overview of the Lecture's Learning Objectives: 0:45 Agency Funds: 2:09 Agency Funds - Typical Uses (3 Types): 4:07 Special Assessment Agency Funds: 8:15 Example of Special Assessment Agency Fund (Journal Entries): 9:08 Tax Agency Funds (Illustrative Transactions - Examples with Journal Entries): 11:05 Pass-through Agency Funds: 16:48 Fiduciary Funds Required Financial Statements: 22:34 Statement of Fiduciary Net Assets (Illustration): 22:55 Statement of Changes in Fiduciary Net Assets: 25:00 Types of Trust Funds (3 types): 27:06 Trust Funds: 27:27 Investment Trust Funds: 29:23 Private Purpose Trust Funds: 35:25 Accounting for Private Purpose Trust Funds: 40:17 Private Purpose Trust Funds (revisited): 40:35 Pension Trust Funds: 46:01 Employer Pension Accounting: 54:03 Reporting for Defined Benefit Pension Plans: 55:53 Statement of Net Assets (illustration): 1:05:46 Statement of Plan Net Position (Illustration): 1:09:36 Statement of Changes in Plan Net Position (Illustration): 1:12:15 Schedule of Employer Contributions: 1:13:14 Schedule of Funding Progress: 1:14:10 Evaluating Defined Benefit Pension Plans: 1:16:12 Employer Pension Accounting - Key Terms (Annual Required Contributions - ARC): 1:18:40 NPO - Net Present Obligation: 1:24:22 Annual Pension Cost: 1:24:27 Schedule of funding progress (Revisited): 1:25:21 Employer Pension Accounting - Key Terms (revisited): 1:28:00 Employer Pension Accounting - Expenditure / Expense: 1:28:54 Other Postemployment Benefits (OPEB): 1:33:47 Managing Investment Trust Funds and Pension Funds: 1:34:04 Polling Questions: 1:35:01 To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
https://wn.com/Government_Non_Profit_Accounting_Accounting_For_Fiduciary_Activities_Agency_Trust_Funds
Free CPA Exam Deep Dive: Fiduciary Funds
4:37

Free CPA Exam Deep Dive: Fiduciary Funds

  • Order:
  • Duration: 4:37
  • Updated: 07 Jul 2015
  • views: 953
videos
Get your free trial of Wiley CPAexcel today http://ow.ly/ICCtm In this free CPA Exam Deep Dive from Wiley CPAexcel, Prof. Donald Deis of Texas A&M University - Corpus Christi provides an in-depth look at how a Tax Agency Fund (TAF) works. This is part of the overall Wiley CPAexcel lesson on Fiduciary Funds, which are covered in the FAR section of the CPA Exam.
https://wn.com/Free_Cpa_Exam_Deep_Dive_Fiduciary_Funds
What Is A Fiduciary Fund?
0:45

What Is A Fiduciary Fund?

  • Order:
  • Duration: 0:45
  • Updated: 18 Dec 2017
  • views: 11
videos
Fiduciary funds are used to report assets held in a trustee or agency capacity for others and therefore cannot be used to support the governments own programs. Resources held in trust for the benefit of the agencys own programs or Texas citizenry are accounted for in a governmental fund rather than a fiduciary fund. Fiduciary fund accountingtools 10 may 2017 a fiduciary is used in governmental accounting to report on assets held trust for others. When financial statements are prepared for fiduciary fund reporting focuses on net position and changes in. In november 2014, the governmental. Fiduciary funds government holds resources in a trust or agency capacity for the benefit of othersfunds held fiduciary. Fiduciary funds fiduciary should be used to report fund accounting wikipedia. Agency assets held temporarily fiduciary funds should be used to report in trustee or agency capacity for others and, therefore, cannot support the government's own fund accounting is an system recording resources whose use has been limited financial statements may further distinguish as either trust funds; A generally exists a longer period of time 3 mar 2017 statement no. However, like fiduciary funds, only the income of a permanent fund, not principal, start studying funds. Fiduciary funds are used to report assets held in a trustee or agency capacity for governments required fiduciary activities fund financial statements. Gasb proposes new guidance on fiduciary funds gfoa. Until now, standards have not been explicit about what constitutes a 30 jun 2007 fiduciary funds account for assets held in trustee or agent capacity the human services trust fund accounts miscellaneous is an with from that government holds as and it cannot use to its own programs. Fiduciary funds reporting requirements for annual financial fiduciary activities gasbwhat is a fund? Trust and agency (fiduciary) fundsfiduciary definitions defined termfiduciary. Private purpose trust funds, statement of net assets; Statement changes in fiduciary assetscategories funds. General accounting reporting requirements for annual financial us gaap gasb fiduciary funds youtube. Learn vocabulary, terms, and more with flashcards, games, other study tools july 1, 1994financial reporting principleschapter20. Accounting statement of net position (government wide and proprietary funds); Balance sheet for funds, fiduciary funds the government statements 27 mei 2016 Fiduciary fund accountingtools. 84, fiduciary activities, supersedes reporting of agency funds and replaces it with a newly coined custodial fund, and requires therefore, they are considered governmental funds, not fiduciary funds. Government or its programs a fiduciary is person who acts on behalf of another person, persons to manage similarly, investors act as principals when selecting investment fund funds are used account for assets held in trustee agency capacity others and which, therefore, cannot be support the county's own individual financial s
https://wn.com/What_Is_A_Fiduciary_Fund
Retirement Plans: Last Week Tonight with John Oliver (HBO)
21:30

Retirement Plans: Last Week Tonight with John Oliver (HBO)

  • Order:
  • Duration: 21:30
  • Updated: 13 Jun 2016
  • views: 8282965
videos
Saving for retirement means navigating a potential minefield of high fees and bad advice. Billy Eichner and Kristin Chenoweth share some tips. Connect with Last Week Tonight online... Subscribe to the Last Week Tonight YouTube channel for more almost news as it almost happens: www.youtube.com/user/LastWeekTonight Find Last Week Tonight on Facebook like your mom would: http://Facebook.com/LastWeekTonight Follow us on Twitter for news about jokes and jokes about news: http://Twitter.com/LastWeekTonight Visit our official site for all that other stuff at once: http://www.hbo.com/lastweektonight
https://wn.com/Retirement_Plans_Last_Week_Tonight_With_John_Oliver_(Hbo)
Friends Fiduciary Corporation - The Quaker Green Fund
3:44

Friends Fiduciary Corporation - The Quaker Green Fund

  • Order:
  • Duration: 3:44
  • Updated: 13 Jun 2014
  • views: 328
videos
https://wn.com/Friends_Fiduciary_Corporation_The_Quaker_Green_Fund
. How should governments report permanent fund and fiduciary fund bal
0:58

. How should governments report permanent fund and fiduciary fund bal

  • Order:
  • Duration: 0:58
  • Updated: 15 Mar 2018
  • views: 0
videos
. How should governments report permanent fund and fiduciary fund balances and income in their government-wide statements? Explain 2. Why do the balance sheets of agency funds contain only assets and liabilities, but no fund balances? Why is it often unclear whether the resources relating to a particular activity should be accounted for in an agency fund or a governmental fund? Explain 3. What is the distinction, as drawn by the GASB, between a fiduciary fund and a permanent fund. Explain
https://wn.com/._How_Should_Governments_Report_Permanent_Fund_And_Fiduciary_Fund_Bal
wayne lippman Fiduciary fund
2:46

wayne lippman Fiduciary fund

  • Order:
  • Duration: 2:46
  • Updated: 16 Dec 2015
  • views: 46
videos
Used to account for funds held by Govt entity as a Trustee or Agent Uses Accrual basis of accounting and Economic Resources measurement focus (2 Exceptions) Only Fund Statements are prepared by Fund Type Statement of Net Assets Statement of Changes in Fiduciary Net Assets Combining Statements
https://wn.com/Wayne_Lippman_Fiduciary_Fund
How Will The New Fiduciary Rules Affect Sales Of Mutual Funds And Stocks?
4:56

How Will The New Fiduciary Rules Affect Sales Of Mutual Funds And Stocks?

  • Order:
  • Duration: 4:56
  • Updated: 27 Mar 2018
  • views: 283
videos
Kale is confused about the new fiduciary rules. A broker told Kale that he would no longer be able to purchase mutual funds and stocks through an individual retirement account. Wes confirms that the broker has told an "our right lie," and explains the true nature of the new fiduciary rules. Original air date: June 4, 2017 - Hour 2, Call 2. Wes Moss is the host of MONEY MATTERS – the country’s longest running live call-in, investment and personal finance radio show – on News 95-5FM and AM 750 WSB. You Can Retire Sooner Than Buy it here: https://retiresoonerbook.com/
https://wn.com/How_Will_The_New_Fiduciary_Rules_Affect_Sales_Of_Mutual_Funds_And_Stocks
–C. Part 3. Fiduciary Fund Financial Statements Required: Using the b
2:07

–C. Part 3. Fiduciary Fund Financial Statements Required: Using the b

  • Order:
  • Duration: 2:07
  • Updated: 28 Mar 2018
  • views: 1
videos
\u0096C. Part 3. Fiduciary Fund Financial Statements Required: Using the balances from Parts 1 and 2 prepare the following: 1. Statement of Changes in Fiduciary Net Assets. 2. Statement of Fiduciary Net Assets The City of Monroe Scholarship Foundation private-purpose trust fund had the following account balances on January 1, 2015: Debits Credits Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 49,500 Accrued Interest Receivable . . . . . . . . . . . . . . . . . . 7,500 Investments in Corporate Bonds . . . . . . . . . . 750,000 Net Assets Held in Trust . . . . . . . . . $ 807,000 Totals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 807,000 $ 807,000 Required: a. Open a general journal for the City of Monroe Community Foundation Trust Fund and record the following transactions for the year ending December 31, 2015: (1) On May 1, the first semiannual interest payment was received on the corporate bonds. The bonds pay 6 percent annual interest, semiannually on May 1 and November 1. (2) During the first half of the year, additional contributions from individuals and foundations amounted to ,026, in cash. From these funds, $ 200,000 were invested in RST Corporation stock on June 15. (3) On November 1, the second semiannual interest payment was received from the investment in bonds. (4) On November 15, a dividend was declared by RST Corporation in the amount of ,000 and was received in cash. (5) On December 1, RST Corporation stock was sold for ,500 cash. Those funds were immediately invested in UVW Corporation stock. (6) On December 15, cash scholarships in the amount of ,000 were made to various college students. (7) On December 31, an accrual was made for year-end interest on the corporate bonds. (8) Also, on December 31, it was determined that the market value of the corporate bonds, exclusive of accrued interest, was $ 752,100 and that the market value of UVW Company stock was $ 199,000. b. Post the entries t
https://wn.com/–C._Part_3._Fiduciary_Fund_Financial_Statements_Required_Using_The_B
Is Your Advisor a Fiduciary?
3:19

Is Your Advisor a Fiduciary?

  • Order:
  • Duration: 3:19
  • Updated: 01 Oct 2017
  • views: 46
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Look, there are LOTS of advisors out there to pick from. And there are lots of differences between them. So if there is one thing that separates them more than anything else, one thing that tells you who may really have your best interest at heart, one thing more than anything else what would that be? The answer, I believe, is whether or not your advisor is a fiduciary. When we’re talking about a financial advisory relationship, a fiduciary standard requires your advisor to put your interests above his own. If your advisor is a fiduciary it means he legally has to act in the best interest of you, the client. It means the advisor has to avoid conflicts of interests and disclose wherever there might be one, and that his or her analysis of the client’s situation must be thorough and complete and as accurate as possible. Sounds pretty good right? I mean, isn’t that what you’d want… your advisor to have your best interests over his own? But the problem is, not all advisors have to follow a fiduciary standard. Actually, the majority of financial advisors currently DON’T have to follow a fiduciary standard. They follow something called the Suitability Rule. Now the Suitability rule, in my opinion, is a big step down from a Fiduciary standard because under the suitability rule an advisor has to only make recommendations that are consistent with the best interests of the customer. His recommendations need only be suitable for the clients situation in terms of financial needs, objectives and unique circumstances. And there’s also a key distinction in terms of loyalty that’s important, in that the broker’s duty is to his Broker-Dealer… the company he works for and who pays him… not necessarily the client he’s serving. So here’s what that means. When it comes to things like transaction costs and fund fees the suitability standard only says the recommendation must not be excessive. So if there are two competing fund choices, where both funds invest in exactly the same thing, like for example an S&P 500 stock fund, but one fund pays a commission and is twice the expense of the other, the broker, under the suitability rule, can recommend the costlier fund… the one with the commission. So that’s a pretty big conflict of interest that the Suitability Rule causes. As long as the investment is suitable for the client the broker can recommend it. So that allows brokers to sell their own companies products ahead of lower cost competing products. And remember… the broker works for a broker-dealer and ultimately that’s where his or her loyalty is. At Northstar Financial Planners we’ve been following a Fiduciary Standard for many years. And we think it’s clearly the best thing for our clients. So if you are interested in finding out more, or seeing for yourself how recommendations might differ under an advisor who is following a Fiduciary Standard, or if you just want to know if you are making good decisions in today’s economy consider Northstar Financial Planners for a second opinion. Give us a call and we’ll talk about it. We think you’ll be glad you did. So thanks for watching and when it comes to your finances…don’t settle for something that’s just suitable.
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John Bogle: Investing in Index Funds and Vanguard
58:46

John Bogle: Investing in Index Funds and Vanguard

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  • Duration: 58:46
  • Updated: 19 Jan 2017
  • views: 58230
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An interview with John C. Bogle, the founder and former CEO of The Vanguard Group. In this interview John discusses actively managed funds and index, arguing why index are superior. John also covers what the non professional should do with his money to get the best investment. 📚 Books by John Bogle and his favourite books are located at the bottom of the description❗ Like if you enjoyed Subscribe for more:http://bit.ly/InvestorsArchive Follow us on twitter:http://bit.ly/TwitterIA Video Segments: 0:00 Introduction 0:24 What was Vanguard like in 1974? 4:23 Are there people trying to confuse others? 5:26 Diminishment of long term investing 6:36 Anything good about trading? 7:09 What motivating high turnover in portfolio? 8:23 Any active managers doing the right thing? 10:53 How does a index fund work? 12:25 Is weighting by capitalisation a bad idea? 15:14 How many funds should a individual own? 20:09 Are you 84% in bonds? 22:30 Financial advice business 28:10 Fiduciary vs Salesman 32:44 When should a individual buy stocks 38:56 Have you ever bought individual stocks? 39:52 Appropriate amount of time to hold a bad investment 42:44 When should someone own a load fund? 44:00 Unified fiduciary standard? 46:11 Cultural features of Vanguard? 51:11 Lessons in succession 52:51 Optimistic for the future of Vanguard? 55:52 How are you spending your time now? John Bogle books 🇺🇸📈 (affiliate link) The Little Book of Common Sense Investing:http://bit.ly/BookOfCommonSense Common Sense on Mutual Funds:http://bit.ly/CommonSenseMutualFunds Enough:http://bit.ly/EnoughJB The Clash of the Cultures:http://bit.ly/ClashofCulture John Bogle’s Favourite Books🔥 The Intelligent Investor:http://bit.ly/TIIBG A Random Walk Down Wall Street:http://bit.ly/ARandomWalk Interview Date: 19th November 2013 Event: Motley Fool Special Interview Original Image Source:http://bit.ly/JCBogle Investors Archive has videos of all the Investing/Business/Economic/Finance masters. Learn from their wisdom for free in one place. For more check out the channel. Remember to subscribe, share, comment and like! No advertising.
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Government Funds
25:10

Government Funds

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  • Duration: 25:10
  • Updated: 16 Jul 2015
  • views: 3710
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Please like our Facebook page at https://www.facebook.com/rutgersweb To watch the entire video, go to https://www.youtube.com/watch?v=ThRGdw2NiR4 Video Summary: After giving a brief overview of the learning objectives of the chapter, the measurement focus is outlined (including the difference between operational and fiscal accountability). The modified accrual basis of accounting and accrual basis of accounting are also compared and contrasted. Following that, the primary activities of the government are discussed as well as the two basic sets of financial statements involved (government-wide and fund financial statements). Funds are also defined, as well as the different categories of funds (governmental funds, proprietary funds, and fiduciary funds) - however, governmental funds are focused on the most during this lecture. Lastly, the dual effect of capital and related transactions is explained (including in-depth journal entries). To receive additional updates regarding our library please subscribe to our mailing list using the following link: http://rbx.business.rutgers.edu/subscribe.html
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Fund Accounting | Fund Balance | Elements of Governmental Financial Statements | CPA Exam FAR
39:25

Fund Accounting | Fund Balance | Elements of Governmental Financial Statements | CPA Exam FAR

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  • Duration: 39:25
  • Updated: 09 Jun 2017
  • views: 6538
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www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ Government and not‐for‐profit organizations establish their accounting systems on a fund basis. In governmental and not‐for‐profit accounting, the term fund has a different meaning than it does in business accounting. In business accounting, funds typically refer either to working capital (current assets less current liabilities) or to selected elements of working capital (such as cash and investments), and only a single accounting entity is used to account for all the activities of a business. The crux of nonbusiness accounting is fund accounting, and it forms the basic building block of governmental accounting and financial reporting. It is an accounting device that an entity uses to keep track of specific sources and uses of funds. In governmental and not‐for‐profit accounting, a fund is a fiscal and an accounting entity. Each fund has its own self‐balancing set of accounts from which financial statements can be prepared. Thus governmental and not‐for‐profit entities customarily use several funds—that is, sev- eral fiscal and accounting entities—to account for their resources and activities. A government’s fund structure rarely mirrors its organizational structure. The number and types of funds that a governmental entity uses is not dependent upon its size but rather upon how the government is organized, its sources of revenue, and the services it provides.
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The Impending Fiduciary Armageddon Of (Most) Mutual Fund Share Classes
18:20

The Impending Fiduciary Armageddon Of (Most) Mutual Fund Share Classes

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  • Duration: 18:20
  • Updated: 22 Feb 2017
  • views: 709
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An "#OfficeHours with Michael Kitces" Periscope, looking at the impending fiduciary Armageddon of (most) mutual fund share classes. For further details, see https://www.kitces.com/blog/variable-annuity-mutual-fund-share-classes-ending-under-dol-fiduciary/
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hapter 8 Recording Transactions Affecting a Fiduciary Fund—a Tax Agen
5:07

hapter 8 Recording Transactions Affecting a Fiduciary Fund—a Tax Agen

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  • Duration: 5:07
  • Updated: 26 Mar 2018
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hapter 8 Recording Transactions Affecting a Fiduciary Fund\u2014a Tax Agency Fund The City of Smithville administers a tax agency fund that bills and collects property taxes levied by the governing bodies of the Smithville Consolidated School District (CSD), Smith County, and the Smith County Fire Protection District (FPD), in addition to those levied by the City of Smithville for its General Fund. (Note: Beginning in FY 2018, the tax agency fund will also account for property tax billing and collection for the City of Smithville\u2019s debt service fund. That fund will not levy property taxes for FY 2017.) As permitted by state law, the City of Smithville charges a collection fee of one percent of all taxes collected for the other governments. CITY OF SMITHVILLE Tax Agency Fund Post-closing Trial Balance As of December 31, 2016 Account Title\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Debits\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Credits Taxes Receivable for Other Funds and \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ,977,075 \u00a0\u00a0 Governments\u2014Delinquent (including \u00a0\u00a0 related interest and penalties)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Due to Other Funds and Governments\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0 ,977,075 \u00a0\u00a0 Totals\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ,977,075\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 ,977,075 Required Open a general journal as of December 31, 2016, for the Tax Agency Fund by entering the two accounts and amounts shown in the above post-closing trial balance. Enter 2016 from the drop-down [Year] menu. Each of the account titles will be found in the drop down menu [Account (# - Description)] in the [Journal]view of the program. Be sure to enter 8-a as your paragraph number in the [Transaction Description] box. Verify the accuracy of your journal entry and post it to the general ledger by clicking [Post Entries]. Unless your instructor specifies electronic submission, print a post-closing trial balance as of December 31, 2016 and retain it i
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General Fund | Debt Service Funds | Capital Project Funds | Special Revenue Funds | CPA exam FAR
13:34

General Fund | Debt Service Funds | Capital Project Funds | Special Revenue Funds | CPA exam FAR

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  • Duration: 13:34
  • Updated: 09 Jun 2017
  • views: 1557
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www.farhatlectures.com Like us on Facebook: https://www.facebook.com/accountinglectures Visit the website where you can search using a specific term: http://www.farhatlectures.org/ Connect with Linked In: https://www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a/ The major functions typical of government, such as police, fire and sanitation, come under the category of governmental funds. The different funds in this category enable governments to record and balance cash, liabilities and other data separately for different activities. The modified accrual basis of accounting is used for governmental funds. This means that the government records revenue whenever it is available and can be measured. However, it records expenditures when it incurs liability for them. The focus of governmental funds accounting is on the short term and the fiscal accounting period. General Fund The general fund is the general operating fund and the catch-all category for governmental funds. It includes all government functions that do not belong in some other fund. A specific reason is necessary to use one of the other funds. These general governmental activities normally receive their support from tax revenues. Special Revenue Funds The purpose of special revenue funds is to report money reserved for specific purposes. For example, governments sometime use this fund to report federal grants, road work or an emergency fund. This fund does not include trust funds, which come under the fiduciary fund. Debt-Service Funds Debt-service funds go to repay the government's debt. In addition, money saved toward debt repayment also sometimes appears in this fund. However, governments may keep money toward debt repayment in other governmental funds, according to the GASB. In addition, fiduciary and proprietary debt activities remain in those separate funds. Capital Projects Funds Capital projects funds are used in accounting for purchasing, building or renovating equipment, structures and other capital assets. However, governments sometimes account for these resources in other funds. The capital projects fund does not include capital assets or improvements paid for by proprietary or fiduciary funds. Permanent Funds Permanent funds include investments and other resources that the government is not allowed to cash or spend. However, the government normally has the right to spend any revenue these investments produce on appropriate functions of government. In Washington state, for example, the earnings of permanent funds must be spent to benefit the state or its people. government funds, modified accrual, special revenue funds, capital project funds, debt service funds, permanent funds, statement of revenues expenditures and changes of net assets
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hapter 8 Recording Transactions Affecting a Fiduciary Fund—a TaxAgenc
4:13

hapter 8 Recording Transactions Affecting a Fiduciary Fund—a TaxAgenc

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  • Duration: 4:13
  • Updated: 02 Apr 2018
  • views: 0
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hapter 8 Recording Transactions Affecting a Fiduciary Fund\u0097a TaxAgency Fund The City of Smithville administers a tax agency fund that bills and collects property taxeslevied by the governing bodies of the Smithville Consolidated School District (CSD), SmithCounty, and the Smith County Fire Protection District (FPD), in addition to those levied bythe City of Smithville for its General Fund. (Note: Beginning in FY 2015, the tax agencyfund will also account for property tax billing and collection for the City of Smithville\u0092s debtservice fund. That fund will not levy property taxes for FY 2014.) As permitted by state law,the City of Smithville charges a collection fee of one percent of all taxes collected for theother governments. CITY OF SMITHVILLETax Agency FundPost-closing Trial BalanceAs of December 31, 2013 Account Title Debits Credits Taxes Receivable for Other Funds and ,317,075 Governments\u0097Delinquent (including\u00a0\u00a0\u00a0related interest and penalties) Due to Other Funds and Governments\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0,317,075\u00a0\u00a0\u00a0Totals ,317,075 ,317,075 Required a. Open a general journal as of December 31, 2013, for the Tax Agency Fund by entering thetwo accounts and amounts shown in the above post-closing trial balance. Enter 2013 fromthe drop-down [Year] menu. Each of the account titles will be found in the drop down menu[Account (# - Description)] in the [Journal] view of the program. Be sure to enter 8-a asyour paragraph number in the [Transaction Description] box. Verify the accuracy of yourjournal entry and post it to the general ledger by clicking [Post Entries].\u00a0\u00a0Unless yourinstructor specifies e-mail submission, print a post-closing trial balance as of December 31,2013 and retain it in your cumulative file until directed by your instructor to submit it. (Note: Entries in this fund do not have to be recorded at the government-wide level.Fiduciary activity information is reported only in the fiduciary fund statements and notat the government-wide level.) b. The following schedule
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Fiduciary fund activities are not included in the government-wide fin
0:49

Fiduciary fund activities are not included in the government-wide fin

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  • Duration: 0:49
  • Updated: 26 Feb 2018
  • views: 0
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Fiduciary fund activities are not included in the government-wide financial statements Because the resources in the funds are not owned by the government.
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The Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research
31:24

The Rise of the Fiduciary State: A Survey of Sovereign Wealth Fund Research

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  • Duration: 31:24
  • Updated: 21 Aug 2016
  • views: 97
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Prof. William L. Megginson (University of Oklahoma) presenting his paper at the ECGI Asia conference in Tokyo, Japan. To access the slides for this presentation, click here: http://ecgi.global/content/ecgi-asia-corporate-governance-dialogue-2016
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Governmental Accounting: Fiduciary Funds Part 1 of 4
9:58

Governmental Accounting: Fiduciary Funds Part 1 of 4

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  • Duration: 9:58
  • Updated: 14 Sep 2014
  • views: 1122
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Accounting for Governmental Fiduciary Activities [Somali] by Muhammad Ali Farah from the University of Burao. Please LIKE this video and subscribe to my channel
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