Solution Manual for Accounting for Governmental and Nonprofit Entities 19th Jacqueline L Reck, Daniel Neely, Suzanne Lowensohn Chapter 1-17 CHAPTER 1: INTRODUCTION TO ACCOUNTING AND FINANCIAL REPORTING FOR GOVERNMENT AND NOT-FORPROFIT ENTITIES OUTLINE Number Questions: 1-1 1-2 1-3 1-4 1-5 1-6 1-7 1-8 1-9 1-10 Cases: 1-11 1-12 1-13 1-14 1-15 1-16
Topic
Type/Task
Status (re: 18/e)
Differences between types of organizations Distinguishing between general purpose and special purpose governments Standards-setting bodies Not-for-profit financial reports Relationship of interperiod equity and fiscal accountability Determining the purpose of the two types of accountability Primary reporting objectives for NFPs and governments Objective of federal financial reports Federal government performance and accountability report NFP reporting of expenses
Identify Identify
Same Revised
Identify Identify Define/Compare
Same New New
Determine
Same
Compare
Same
Explain Identify/Describe
New Same
Explain
Same
Research Case—Accountability Reporting Research Case—GASB Research Case—FASB Research Case—FASB Research Case—FASAB Research Case—Federal Financial Reporting Objectives
Report Analyze Explain Analyze Summarize Analyze
New Revised 1-11 New Same Same Same
Examine Differentiate Multiple Choice
Same Same Items 4, and 7 are new; other items are the same
Exercises/Problems: 1-17 Examine the CAFR 1-18 Financial statement differences 1-19 Various
1-1