Best way to remember fund types?

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  • January 25, 2016 at 10:33 pm #199707
    Anonymous
    Inactive

    GRaSPP SE PAPI aint cutting it. First of all there is 4 “P”s also half the time the letter in the acronym isnt even the first letter in the fund type it represents (ie one of the “P”s in GRaSPP is Capital Projects fund)

    That acronym is such a stretch that it isnt even helpful.

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  • January 25, 2016 at 11:52 pm #756032
    RE2PECT
    Participant

    Roger has some really great acronyms.

    For modified accrual funds: PD-Consents to Smoking Grass

    Permanent
    Debt Service
    Capital Projects
    Special Revenue
    General

    For accrual funds: I-PIPE-Alot

    Internal Service
    Pension Trust
    Investment Trust
    Private Purpose Trust
    Enterprise
    Agency

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    January 26, 2016 at 12:11 am #756033
    536FrenchmenStreet
    Member

    Excellent! Thank you.

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    FAR: RETAKE

    January 26, 2016 at 2:24 am #756034
    REG-FTW86
    Participant

    The above already said it but Roger's mnemonic is great and hilarious.

    Write them out on flash cards and test yourself. It is very important to know these.

    Regulation For The Win!

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    Roger CPA Review / Ninja MCQ Supplement

    Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time - Thomas Edison

    January 26, 2016 at 2:27 am #756035
    Anonymous
    Inactive

    @RE2PECT

    THANK YOU! YOU DA REAL MVP!

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