accounting and disclosure guide for not for profit organizations

... has the authority to establish accounting and financial reporting standards for: A) Federal government B) Private not-for-profits C) Public not-for-profits D) State and local governments Under GASB ... The Financial Accounting Standards Board (FASB) is the standard setting organization for which of the following reporting organizations? A) Private not-for-profits B) Public not-for-profits C) Investor ... Bank for Essentials of Accounting for Governmental and Not for Profit Organizations 12th Edition by Copley Multiple Choice Questions The FASAB has the authority to establish accounting and financial

Ngày tải lên: 09/03/2017, 08:42

... Bank for Essentials of Accounting for Governmental and Not for Profit Organizations 12th Edition by Copley Multiple Choice Questions The Financial Accounting Standards Board (FASB) is the standard ... hospitals, and colleges and universities D) all governmental units and all not-for-profit organizations What are Enterprise funds used for? A) To account for pension and employee benefit funds for ... requirements and sound financial administration D) None of the above The _ sets the accounting and financial reporting standards for both state and local governments and public not-forprofits A)

Ngày tải lên: 09/03/2017, 08:43

... establish accounting and financial reporting standards for: A) Federal government B) Private not-for-profits C) Public not-for-profits D) State and local governments The Governmental Accounting Standards ... establish accounting and financial reporting standards for: A) all governmental units and agencies B) federal, state, and local governments C) all governmental units and all not-for-profit organizations ... and regulations The Financial Accounting Standards Board (FASB) is the standard setting organization for which of the following reporting organizations? A) Private not-for-profits B) Public not-for-profits

Ngày tải lên: 09/03/2017, 08:49

... The Financial Accounting Standards Board (FASB) is the standard setting organization for which of the following reporting organizations? A) Private not-for-profits B) Public not-for-profits C) Investor ... Bank for Essentials of Accounting for Governmental and Not for Profit Organizations 12th Edition by Copley Multiple Choice Questions Which of the following fund types uses modified accrual accounting? ... revenue D) Internal service The _ sets the accounting and financial reporting standards for both state and local governments and public not-for-profits A) FASAB B) FASB C) GASB D) AICPA Capitalized

Ngày tải lên: 10/03/2017, 11:19

... has the authority to establish accounting and financial reporting standards for: A)Federal government B)Private not-for-profits C)Public not-for-profits D)State and local governments Proprietary ... state, and local governments and governmentally-owned utilities, authorities, hospitals, and colleges and universities C)all governmental units and all not-for-profit organizations D)state and local ... D)Public not-for-profits The Governmental Accounting Standards Board has been given authority to establish accounting and financial reporting standards for: A)all governmental units and agencies

Ngày tải lên: 10/03/2017, 11:20

... for all Private Not-for-Profits in the U.S Public Not-for-profits: The Governmental Accounting Standards Board establishes accounting principles for all governmentally related notfor-profit organizations ... to expenditures Identify the accounting standard setting bodies for U.S commercial, private not-for-profits, public not-for-profits, state and local governments, and the federal government Answer ... standards for the federal government The FASB has the authority to establish accounting and financial reporting standards for: A) Federal government B) Private not-for-profits C) Public not-for-profits

Ngày tải lên: 27/03/2017, 08:03

... Not-for-profits: The Financial Accounting Standards Board establishes accounting principles for all Private Not-for-Profits in the U.S Public Not-for-profits: The Governmental Accounting Standards ... accrual accounting, revenues are recognized when earned and realizable Identify the accounting standard setting bodies for U.S commercial, private not-for-profits, public not-for-profits, state and ... recommend accounting and financial reporting standards for the federal government True False The Financial Accounting Standards Board sets financial reporting standards for profit-seeking businesses and

Ngày tải lên: 27/03/2017, 08:03

... establish accounting and financial reporting standards for: A)Federal government B)Private not-for-profits C)Public not-for-profits D)State and local governments Which of the following is not a fiduciary ... The Financial Accounting Standards Board (FASB) is the standard setting organization for which of the following reporting organizations? A) Private not-for-profits B) Public not-for-profits C) Investor ... local governments and governmentally-owned utilities, authorities, hospitals, and colleges and universities C)all governmental units and all not-for-profit organizations D)state and local governmental

Ngày tải lên: 27/03/2017, 08:26

... safety Charges for services, health and sanitation Operating grant, health and sanitation Charges for services, culture and recreation Charges for services, water and sewer Charges for services, ... capacity, demographic and economic information and operating information Data is generally presented for the past 10 years 2-26 Chapter 02 - Overview of Financial Reporting for State and Local Governments ... CAFR Answer: Financial trends information Revenue capacity information Debt capacity information Demographic and economic information Operating information 128 List and describe the three major

Ngày tải lên: 24/10/2017, 14:55

... safety Charges for services, health and sanitation Operating grant, health and sanitation Charges for services, culture and recreation Charges for services, water and sewer Charges for services, ... CAFR Answer: Financial trends information Revenue capacity information Debt capacity information Demographic and economic information Operating information 129 List and describe the three major ... capacity, demographic and economic information and operating information Data is generally presented for the past 10 years 25 Chapter Overview of Financial Reporting for State and Local Governments

Ngày tải lên: 24/10/2017, 14:55

... Financial and Accounting Guide for Not -for- Profit Organizations Seventh Edition Financial and Accounting Guide for Not -for- Profit Organizations Seventh Edition Malvern ... Model for Public Colleges and Universities and Other Not -for- Profit Organizations Reporting under GASB” (now Chapter 15), and • “E-Business for Not -for- Profit Organizations: How Can Not -for- Profits ... Not -for- Profit Accounting Is Not Very Different from For- Profit Accounting Most of not -for- profit accounting is no different from for- profit accounting The primary area which is different for not -for- profit...

Ngày tải lên: 13/03/2014, 23:41

... governments Accounting and financial reporting standards for profit- seeking businesses and for nongovernmental not -for- profit organizations are set by the Financial Accounting Standards Board ... Private organizations are not owned or controlled by governments and include businesses as well as private not -for- profit organizations Not -for- profit organizations lack a residual ownership claim and ... TO ACCOUNTING AND FINANCIAL REPORTING FOR GOVERNMENTAL AND NOT -FOR- PROFIT ORGANIZATIONS Generally Accepted Accounting Principles Objectives of Accounting and Financial Reporting Objectives of Accounting...

Ngày tải lên: 20/06/2014, 20:20

... standards guide the format of this comparison, the GASB does not prescribe budgetary accounting practices and does not require governments to maintain budgetary accounts Budgetary accounts not ... $748,800 and revenues from business licenses were $137,202 Expenditures were $499,200 for general government, $131,345 for parks and recreation, $91,600 for sanitation, and $157,333 for streets and ... Statement 54: • General Fund Accounts for and reports all financial resources not accounted for and reported in another fund • Special Revenue Funds Account for and report the proceeds of specific...

Ngày tải lên: 20/06/2014, 20:20

... licenses and permits, fines and forfeits, intergovernmental revenue, charges for services, and other sources not susceptible to accrual are recognized on the cash basis Collections for the year ... 4:42:28 PM Accounting for the General and Special Revenue Funds 91 Interfund Services Provided and Used Interfund services provided and used represent transactions involving sales and purchases ... pay for the period amounted to $78,000 for employees’ state income tax withholdings and $686,000 due to the federal government ($430,000 for federal income tax withholdings and $256,000 for the...

Ngày tải lên: 20/06/2014, 20:20

... statements prepared for commercial businesses and private not -for- profit organizations Apago PDF Enhancer Accounting for Municipal Solid Waste Landfills Many of the solid waste landfills in the United ... to business organizations (FASB statements and interpretations applicable only to not -for- profit organizations not apply to governments) The option chosen must be disclosed in the notes Apago ... between GASB requirements and the requirements by FASB for businesses and nongovernmental, not -for- profit organizations First, cash flow statements for proprietary funds of government have four categories,...

Ngày tải lên: 20/06/2014, 20:20

... bookstores, and food service operations GASB requirements for business-type activities call for accrual accounting for debt, including accrual of interest and amortization of debt discount and premium ... entities, public school systems, other not- forprofit entities (e.g., museums), and public colleges and universities may be considered special-purpose entities for financial reporting purposes Chapter ... activities Certain extensions of reporting requirements for these organizations are contained in the AICPA Audit and Accounting Guide: Health Care Organizations These extensions are described in Chapter...

Ngày tải lên: 20/06/2014, 20:20

... guidance in the Not -for- Profit Guide as illustrated in Chapter 10 of this text The Health Care Guide calls these organizations Not -for- Profit Nonbusiness-Oriented Organizations ACCOUNTING AND REPORTING ... SUMMARY AND CONCLUSIONS REGARDING HEALTH CARE ACCOUNTING AND REPORTING Health care entities may be private, not -for- profit, governmental, or commercial (for- profit) Private, not -for- profit, and commercial ... Care Organizations applies equally to private not -for- profit, governmentally owned, and investor-owned health care organizations. 1 This chapter concentrates on reporting by private not -for- profit...

Ngày tải lên: 20/06/2014, 20:20

... Tax-Exempt Organizations, and Evaluating Performance 387 and (3) the use of financial and nonfinancial measures to evaluate the performance and financial position of government and not -for- profit organizations ... that provide exemption for certain types of not -for- profit organizations, discusses and illustrates the tax form that is used for many of these organizations (Form 990), and concludes by examining ... governments and for not- forprofit organizations The American Institute of Certified Public Accountants issued Statement of Position 98–3, Auditing of States, Local Governments, and Not- forProfit Organizations...

Ngày tải lên: 20/06/2014, 20:20

... plant acquisition, and term endowments net assets—unrestricted (governmental and not -for- profit) Used in accounting for govern- organizations indicating Apago PDF mental and not -for- profitthat is ... matrix format, expenses reported by function (q.v.) and expenses reported by object (q.v.) Required by the FASB for voluntary health and welfare organizations and recommended for other not -for- profit ... Governmental and Not -for- Profit Accounting Terminology forfeiture Automatic loss of cash or other property as a punishment for not complying with legal provisions and as compensation for the resulting...

Ngày tải lên: 20/06/2014, 20:20

... Audit Guide: Not -for- Profit Organizations, 337, 363 Audit and Accounting Guide: Health Care Organizations, 273 Audit and Accounting Guide: Not -for- Profit Organizations, Audit and Accounting Guide: ... Audit and Accounting Guide: Not -for- Profit Organizations (AICPA), 6, 363 Audit and Accounting Guide: State and Local Government (AICPA), 387, 390 Audit Guide: Government Auditing Standards and ... 111 Note disclosures, 304 Not -for- profit accounting, overview, 302–308 Not -for- profit entities assets identification, 322 financial reporting objectives, Not -for- Profit Entities: Mergers and...

Ngày tải lên: 20/06/2014, 20:20