GASB Requirements for Investment Trust Fund Accounting

GASB Requirements for Investment Trust Fund Accounting

7-8. Describe GASB requirements for accounting for Investment Trust Funds:

(a) A discussion of when the use of investment trust funds is essential when receiving the Government’s contributions particularly in form of an investment’s pool (Copley, 2014).

(b) The investments to be included and excluded; Copley (2014) states that the external share of the investment compromises the Government assets. Whereas, the internal share of the investment is simultaneously under the County funds report.