Chapter 18, Problem 18.13Q

To determine

Reconciliation Schedules: GASB 34 gives guidelines for reconciliation schedule for net change in the governmental funds statements with the amount reported in government wide statements. These schedules may be presented with governmental funds statements or in accompanying schedule on the page immediately following the governmental financial statements. The two required reconciliation schedules are

Reconciliation schedule for statement of financial position and

Reconciliation schedule for the statement of activity.

To explain:The purpose and content of reconciliation schedules.