ACC 460 (Government and Non-Profit Accounting) Complete Course Week 1 -5 - A+ WORK
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ACC 460 (Government and Non-Profit Accounting) Complete Class Week 1 -5 (Assignments And Dqs)
WEEK 1 ASSIGNMENTS AND DQS
ACC 460 week 1 GASB and FASB Accounting Analysis
ACC 460 Week 1 DQ 1;
Log into http://www.charitynavigator.org/. Choose a good charity and a bad charity and explain why you feel they should labeled good or bad.
ACC 460 week 1 DQ 2;
What is fund accounting? How does it compare to proprietary accounting? Why is fund accounting necessary? What are the major fund types?
ACC 460 week 1 DQ 3;
What are some examples of government and not-for-profit organizations? How do businesses measure success? How do government organizations measure success?
ACC 460 week 1 DQ 4;
What is the purpose of CAFR? What are the components of CAFR? Why is the Federal Government not subject to GASB 34? How do government-wide financial statements add information not available in fund financial statements?
WEEK 2 ASSIGNMENTS AND DQS
ACC 460 Week 2 Individual Problems Ch. 1,2&3
ACC 460 week 2 Learning Team Comprehensive Annual Financial Report Budget Analysis
WEEK 2 DQS
ACC 460 week 2 DQ 1:
What is meant by an in-substance defeasance, and how can a government use it to lower its interest costs?
How must it recognize a gain or loss on defeasance if it accounts for the debt in a proprietary fund?
How do the GASB standards pertaining to in-substance defeasances differ from those of the FASB?
ACC 460 week 2 DQ 2:
What is an encumbrance? How does an encumbrance affect expenses and expenditures?
What is the impact of encumbrance accounting on a governmental budget? Explain.
An encumbrance is commitment made
ACC 460 week 2 DQ 3:
What are the basic principles of fund accounting?
When do governmental entities recognize revenue? Why is timing important in recognizing revenue?
ACC 460 week 2 DQ 4:
What is the purpose of the capital projects fund?
What is the purpose of the debt service fund?
What is inter-period equity? How does inter-period equity affect capital project and debt services funds?
WEEK 3 ASSIGNMENTS AND DQS
ACC 460 Week 3 Team A Textbook Exercises Ch. 4,6
ACC 460 Week 3 Individual Exercises Ch. 2,4,5&6
WEEK 3 DQS
ACC 460 week 3 DQ 1;
hat is the revenue recognition criteria used in government entities? What are some examples of government sources of revenue? How are these sources accounted for?
ACC 460 week 3 DQ 2:
What is an interfund transfer? Why would government entity transfer money from one fund to another? How are interfund transfers reported on a financial report?
ACC 460 week 3 DQ 3
How can a government entity prepare government-wide statements using the fund statements? What is a governmental reporting entity?
ACC 460 week 3 DQ 4
You are the sole contributor to a philanthropic foundation. You must specify whether investment gains should be expendable or nonexpendable. Present key arguments in favor and against permitting the gains to be expendable.
WEEK 4 ASSIGNMENTS AND DQS
ACC 460 Week 4 individual Exercises Ch. 9,10
ACC 460 Week 4 Team A Textbook Problems Ch. 5-10
WEEK 4 DQS
ACC 460 week 4 DQ 1
What financial statements are required of not-for-profit organizations?
How are they different or comparable to those provided by organizations that operate for profit?
3. How does the retained earnings section of for-profit organizations differ from that of the net assets section of not-for-profits?
ACC 460 week 4 DQ 2;
What are the three classifications of net assets established by FASB Statement 117?
How are these net assets affected by the existence or absence of donor-imposed restrictions?
How are releases of these net assets accomplished?
ACC 460 week 4 DQ 3:
What constitutes a pledge or contribution?
When does a not-for-profit organization recognize pledge revenue and contribution revenue?
How do contributions differ from exchanges?
ACC 460 week 4 DQ 4:
In what significant way do not-for-profits account for investments differently from businesses?
How are investments reflected in the statements of not-for-profits?
What are the disclosure requirements for not-for-profits as related to investments?
WEEK 5 ASSIGNMENTS AND DQS
ACC 460 week 5 Individual Accountability in Reporting Memo
ACC 460 week 5 Chapter 12 Review and Discussion
ACC 460 week 5 Executive Summary
ACC 460 Week 5 Team Assignment Ch. 9,11
WEEK 5 DQS
ACC 460 week 5 DQ 1:
What is a performance audit? In what significant ways do performance audits differ from financial audits?
ACC 460 week 5 DQ 2:
How do audits of governmental agencies differ from those of not-for-profit entities? How are these audits different from those of organizations that operate for profit? Who are the stakeholders for the various audits?
ACC 460 week 5 DQ 3:
What is the Single Audit Act? How has this act influenced auditing of governmental agencies? What types of reports and opinions do the auditors provide?
ACC 460 week 5 DQ 4:
How has the Sarbanes-Oxley Bill influenced reporting by governmental agencies and not-for-profit organizations?
Does the Public Company Accounting Oversight Board have authority to establish auditing standards for not-for-profits?
What specific steps might governmental agencies or not-for-profits take to comply with the requirements of the Sarbanes-Oxley Bill?