What does deferred inflow of resources mean on the CPA exam?
Deferred inflow of resources. An acquisition of net assets that belongs to a future period, so it sits between liabilities and equity on a government's statement of net position rather than in either.
Defined against GASB Concepts Statement 4.
Which CPA exam sections use deferred inflow of resources?
Deferred inflow of resources appears in the BAR section of the CPA exam.
Related terms
- deferred outflow of resources: A consumption of net assets that belongs to a future period.
- net position: A government's assets plus deferred outflows, less liabilities and deferred inflows.
- net assets: Assets less liabilities.
- temporary difference: A difference between the tax basis of an asset or liability and its reported amount that will produce taxable or deductible amounts in future years.
- balance sheet: A snapshot at one date of what the entity owns, what it owes, and the owners' residual.
- total liabilities: Everything the entity owes, added up.