Test Bank for Essentials of Accounting for Governmental 11 potx

... such as the purchase of goods or services. The most common forms of non- exchange transactions are tax revenues and intergovernmental grants. Most of the activities of governmental funds are ... Comparison Schedule for the City of Vienna appears below. Several items of information are missing (denoted ** ). CITY OF VIENNA Budgetary Comparison Schedule General Fund For...

Ngày tải lên: 21/06/2014, 04:20

... determine the measure- ment focus and basis of accounting used to prepare the governmental fund cop2705X_Ch04_087-121.indd 111 cop2705X_Ch04_087-121.indd 111 2/1/10 4:42:31 PM2/1/10 4:42:31 PM Apago ... Revenue Funds 111 RECOGNITION OF INVENTORIES IN GOVERNMENTAL FUNDS In most cases, supplies inventories are insignificant relative to governmental fund bal- ances. Generall...

Ngày tải lên: 21/06/2014, 04:20

... definitions of these two forms of leases and prescribes accounting and financial reporting for lease agreements of state and local governments. If a noncancelable lease meets any one of the following ... Enhancer Accounting for Other Governmental Fund Types 131 inception of the agreement at the lesser of (1) the present value of the rental and other minimum lease p...

Ngày tải lên: 21/06/2014, 04:20

... 2012, for the City of Sandwich Swimming Pool Fund. d. Prepare a Statement of Cash Flows for the Year Ended December 31, 2012, for the City of Sandwich Swimming Pool Fund. 6–8. The Village of ... statement of cash flows for the risk management internal service fund of the City of Wrightville. An inexperienced accountant pre- pared the statement using the FASB format...

Ngày tải lên: 21/06/2014, 04:20

... Agency Funds An activity that often results in the creation of an agency fund is the collection of taxes or other revenues by an official of one government for other governmental units. State ... Statement of Changes in Fiduciary Net Assets for the year ended December 31, 2012. 7–6. On July 1, 2 011, the City of Belvedere accepted a gift of cash in the amount of $3,0...

Ngày tải lên: 21/06/2014, 04:20

... Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities VILLAGE OF ELIZABETH Reconciliation of the Statement of Revenues, ... GASB Statement 42, Accounting and Financial Reporting for Impair- ment of Capital Assets and for Insurance Recoveries, establishes guidance for the reporti...

Ngày tải lên: 21/06/2014, 04:20

... unique characteristics of audits of governmental and not -for- • profit entities. Describe the major requirements of the Single Audit Act. • Describe the process of applying for tax-exempt status ... governments and for not -for- profit organizations. The American Institute of Certified Public Accountants issued Statement of Position 98–3, Auditing of States, Local...

Ngày tải lên: 21/06/2014, 04:20

... Auditing and Accounting Guide: Health Care Organiza- tions, which provides guidance for all health care entities, governmental, not -for- profit, and for- profit. imposed tax revenues One of the four ... distinguishable line of work performed by one or more organizational components of a governmental unit for the purpose of accomplishing a function for which the gov...

Ngày tải lên: 21/06/2014, 04:20

... Entries cop2705X_Ch01_001-019.indd 11cop2705X_Ch01_001-019.indd 11 2/1/10 4:34:43 PM2/1/10 4:34:43 PM Apago PDF Enhancer Essentials of Accounting for Governmental and Not -for- Profit Organizations ... end of the book are considered to be an extension of the copyright page. Library of Congress Cataloging-in-Publication Data Copley, Paul A. Essentials of acco...

Ngày tải lên: 20/06/2014, 20:20

... previous categories of reserved and unreserved. The standard affects only the equity section of the balance sheet of governmental funds. It does not change the reporting of net assets of proprietary ... General Fund. OVERVIEW OF MODIFIED ACCRUAL ACCOUNTING Governmental fund financial statements are prepared on the modified accrual basis of accounting. Under modifie...

Ngày tải lên: 20/06/2014, 20:20