192 test bank essentials of accounting for governmental and not for profit organizations 11th edition by copley

70 test bank essentials of accounting for governmental and not for profit organizations 11th edition

... financial statements? A )Governmental B)Proprietary C)Fiduciary D)A & B only 70 Free Test Bank Essentials of Accounting for Governmental and Not for Profit Organizations 11th Edition by Copley Multiple ... 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 ... 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...

69 test bank for essentials of accounting for governmental and not for profit organizations 12th

... 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 ... C) Statement of Net Position D) 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 ... State and local governments B) Component units owned or controlled by governments C) Governmentally related not -for- profit universities D) Nongovernmental not -for- profit hospital Which of the...

69 test bank for essentials of accounting for governmental and not for profit organizations 12th

... State and local governments B) Component units owned or controlled by governments C) Governmentally related not -for- profit universities D) Nongovernmental not -for- profit hospital In order for a ... 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 objectives ... reporting standards for the federal government? A) Federal Accounting Standards Advisory Board B) Office of Management and Budget C) Governmental Accounting Standards Board D) None of the above;...

79 test bank for essentials of accounting for governmental and not for profit organizations 10th

... providing services to the public D) All of the above 79 Free Test Bank for Essentials of Accounting for Governmental and Not for Profit Organizations 10th Edition by Copley Multiple Choice Questions ... 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 ... Governmentally related not -for- profit universities D) Nongovernmental not -for- profit hospital Governmental funds are to use the: A) economic resources measurement focus and accrual basis of accounting...

69 free test bank for essentials of accounting for governmental and not for profit organizations 12th

... 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 are the governmental ... 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 ... hospitals, and colleges and universities D) all governmental units and all not -for- profit organizations The _ is the government’s official annual report prepared and published as a matter of public...

Test Bank for Essentials of Accounting for Governmental_1 doc

... statement offers no examples of such contractual obligations, but it seems reasonable that they would be of sufficient significance to involve the formal action of the governing board For example, ... overexpended For example, although salaries and wages of government Many governments would require an additional approval (frequently in the form of a revised encumbrance) for amounts in excess of the ... Accrual Accounting 81 3–9 The City of South Dundee budget for the fiscal year ended June 30, 2012, included an appropriation for the police department in the amount of $16,000,000 During the month of...

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Test Bank for Essentials of Accounting for Governmental_2 pot

... Reclassification of Current Taxes Assuming that all property taxes levied by the Village of Elizabeth for 2012 were to have been paid by property owners before the end of the year, any balance of taxes ... Sheet for the General Fund of the Village of Elizabeth as of the end of 2012 is shown in Illustration 4–4 If the General Fund has both a due from and a due to another fund, it is permissible to offset ... 1,450,000 Repayment of Tax Anticipation Notes As tax collections begin to exceed current disbursements, it becomes possible for the Village of Elizabeth to repay the local bank for the money borrowed...

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Test Bank for Essentials of Accounting for Governmental_3 pot

... the method of accounting for a deferred serial bond issue cop2705X_Ch05_122-153.indd 136 2/1/10 5:43:57 PM Accounting for Other Governmental Fund Types 137 Debt Service Accounting for Capital ... donations take the form of trusts Trusts are accounted for in a number of different funds, depending on the nature and terms of the agreement Illustration 5–2 summarizes accounting for trusts Initially, ... 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...

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Test Bank for Essentials of Accounting for Governmental_4 doc

... bottom of Illustration 2–11 for an example) A similar requirement exists for cash flow statements prepared for commercial businesses and private not -for- profit organizations Apago PDF Enhancer Accounting ... 31, 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 The Village of Parry ... Statement of Net Assets as of December 31, 2012, for the Risk Management Fund d Prepare a Statement of Cash Flows for the year ended December 31, 2012, for the Risk Management Fund Assume $10,000 of...

Test Bank for Essentials of Accounting for Governmental_5 pdf

... distributions of tax collections for each year to each fund or unit in the proportion the levy for that fund or unit bears to the total levy for the year Apago PDF Enhancer Accounting for Tax Agency ... receivable is offset in total by the liability If collections of taxes during a certain portion of the year amounted to $2,400,000 for other governments and $1,800,000 for the County, the entry for the ... of those gifts may be expendable In either case, management of the trust may involve significant investments Accounting for Investments GASB Statement 31, Accounting and Financial Reporting for...

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Test Bank for Essentials of Accounting for Governmental_6 pdf

... Worksheet Entry for Preparation of Government-wide Statements Sale of Bonds Cash OFS: Proceeds of bonds OFS: Premium on bonds Dr Cr Cr OFS: Proceeds of bonds OFS: Premium on bonds Amortization of Bond ... grant for road repairs • $300,000 was received as a gift for establishment of a permanent fund for the maintenance of the city cemetery • $100,000 in charges for services was assumed to be for ... Statement of Activities VILLAGE OF ELIZABETH Reconciliation of the Statement of Revenues, Expenditures, and Changes in Fund Balances of Governmental Funds to the Statement of Activities For the...

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Test Bank for Essentials of Accounting for Governmental_11 potx

... 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 ... free of conflict of interests Proper use of government information, resources, and position precludes auditors from using sensitive or classified information or resources for personal gain Professional ... fund information of the Village of Elizabeth, as of December 31, 2012, and the respective changes in financial position and cash flows, where applicable, thereof for the year then ended in conformity...

Test Bank for Essentials of Accounting for Governmental_12 ppt

... Not -for- Profit Accounting Terminology A accounting entity Where an entity is established for the purpose of accounting for a certain activity or activities See fiscal entity accrual basis Basis of ... provides for functional reporting of expenses for private-sector not -for- profit organizations functional classification Grouping of expenditures on the basis of the principal purposes for which ... and Accounting Guide: Health Care Organizations, which provides guidance for all health care entities, governmental, not -for- profit, and forprofit imposed tax revenues One of the four classes of...

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Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition_1 ppt

... 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 ... libraries, and performing arts organizations that are owned or controlled by governments Accounting and financial reporting standards for profit-seeking businesses and for nongovernmental not -for- profit ... Essentials of Accounting for Governmental and Not -for- Profit Organizations Apago PDF Enhancer Tenth Edition Paul A Copley, Ph D., CPA KPMG Professor Director, School of Accounting...

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Essentials of Accounting for Governmental and Not-for-Profit Organizations 10th Edition_3 pptx

... section of the balance sheet of governmental funds It does not change the reporting of net assets of proprietary and fiduciary funds or the government-wide Statement of Net Assets The new standard ... transactions, such as the purchase of goods or services The most common forms of nonexchange transactions are tax revenues and intergovernmental grants Most of the activities of governmental funds are supported ... budgeting and accounting Commonly used major revenue source classes are: Taxes Charges for services Licenses and permits Fines and forfeits Intergovernmental revenues Miscellaneous revenues Examples of...

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