accounting and reporting for private not for profit organizations

... Most of not -for- profit accounting is no different from for- profit accounting The primary area which is different for not -for- profit organizations is accounting for contributions For- profit corporations ... Financial Statement Reporting 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: ... Financial and Accounting Guide for Not -for- Profit Organizations Seventh Edition Financial and Accounting Guide for Not -for- Profit Organizations Seventh Edition Malvern...

Ngày tải lên: 13/03/2014, 23:41

... 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 ... 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 ... controlled by governments 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...

Ngày tải lên: 20/06/2014, 20:20

... $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 ... 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...

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 ... focus and accrual basis of accounting Fixed assets and long-term debt are included in the accounts As indicated earlier in this chapter, enterprise funds are to use accounting and reporting standards...

Ngày tải lên: 20/06/2014, 20:20

... colleges and universities GASB STATEMENT 34 REPORTING RULES FOR SPECIAL-PURPOSE ENTITIES Chapters through provide accounting and financial reporting guidance for general-purpose state and local ... 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 of ... service activities, and athletics Debt for academic facilities may be issued for the institution but is often issued as state general obligation debt Accounting and Financial Reporting for Public Institutions...

Ngày tải lên: 20/06/2014, 20:20

... 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 ... may be private not -for- profits, governmentally owned, or owned by private investors Like charities and private colleges, private not -for- profit health care organizations follow FASB standards ... 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 ... of Not -for- Profit Organizations, which provides guidance for private- sector colleges and universities, voluntary health and welfare organizations, and other not -for- profit organizations, excluding ... 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

... Accounting and 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 ... (FASB Statement 164), 322 Not -for- profit environment, characteristics, Not -for- profit organizations accounting, See also Private not -for- profit organizations financial reporting, Apago PDF Enhancer ... 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

... 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 ... 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 ... Statements for Private- Sector Performance Evaluation Mergers and Acquisitions 320 321 Summary of Not -for- Profit Accounting and Reporting 323 Chapter Eleven COLLEGE AND UNIVERSITY ACCOUNTING PRIVATE...

Ngày tải lên: 22/11/2016, 13:55

... 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 ... 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 ... Statements for Private- Sector Performance Evaluation Mergers and Acquisitions 320 321 Summary of Not -for- Profit Accounting and Reporting 323 Chapter Eleven COLLEGE AND UNIVERSITY ACCOUNTING PRIVATE...

Ngày tải lên: 04/03/2017, 09:25

... 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 ... All of the above are included The _ sets the accounting and financial reporting standards for both state and local governments and public not- forprofits A) FASAB B) FASB C) GASB D) AICPA Which...

Ngày tải lên: 09/03/2017, 08:42

... 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) ... to establish accounting and financial reporting standards for: A) State governments B) Private not -for- profits C) Federal government D) None of the above Which of the following is not one of the ... but not depreciated in government-wide and fund financial statements The FASB has the authority to establish accounting and financial reporting standards for: A) Federal government B) Private not -for- profits...

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 ... 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 ... Governmental Accounting Standards Board has been given authority to establish accounting and financial reporting standards for: A) all governmental units and agencies B) federal, state, and local...

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 ... 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 ... 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...

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 ... 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 ... 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 ... (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 owned businesses D) A and C are both...

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 ... financial reporting standards for private not -for- profits and investor-owned businesses True False The GASB Concept Statement on Service Efforts and Accomplishments Reporting requires state and local ... for private sector organizations, except nongovernmental, not -for- profit organizations True False 52 Free Test Bank Essentials of Accounting for Governmental and Not for Profit Organizations 11th...

Ngày tải lên: 27/03/2017, 08:26