Like this study set? Create a free account to save it.

Sign up for an account

Already have a Quizlet account? .

Create an account

Internal Service Funds

are established to finance, administer, and account for departments or agencies of a government whose exclusive or nearly exclusive purpose is to provide goods or services (e.g. printing services) to the government's other departments on a cost-reimbursement basis.

Economic Resources

the measurement focus for Internal Service Funds


the basis of accounting for Internal Service Funds.

Pre-determined Rates

so much per mile, page, or order. Preferable because departments need to know charges at the time the work is done. Actual cost charges may result in inequitable allocations among departments.

Central Stores Fund

used to centralize purchasing and warehousing operations. It enhances economy, efficiency, and control and holds inventory until requested by departments. Billing is based on direct inventory cost plus overhead factor.

Self-Insurance Fund

state and local governments sometimes find insurance coverage for some types of risk to be overly expensive or unavailable. Partly, as a result, some governments "self-insure" part or all of their properties, potential liabilities for claims and judgments, and other risks. Often a government that self-insures part (or all) of its risks also centralizes its risk financing activities.

Please allow access to your computer’s microphone to use Voice Recording.

Having trouble? Click here for help.

We can’t access your microphone!

Click the icon above to update your browser permissions and try again


Reload the page to try again!


Press Cmd-0 to reset your zoom

Press Ctrl-0 to reset your zoom

It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.

Please upgrade Flash or install Chrome
to use Voice Recording.

For more help, see our troubleshooting page.

Your microphone is muted

For help fixing this issue, see this FAQ.

Star this term

You can study starred terms together

Voice Recording