Acc 460 (government and non profit accounting) completet course week 1 5 a work

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ACC 460 (Government and Non-Profit Accounting) Entire Course

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ACC 460 (Government and Non-Profit Accounting) Complete Class Week 1 -5 (Assignments And Dqs)

WEEK 1 ASSIGNMENTS AND DQS

ASSIGNMENT

ACC 460 week 1 GASB and FASB Accounting Analysis

DQS


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

ASSIGNMENTS


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

ASSIGNMENTS

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

ASSIGNMENTS

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

1.

What financial statements are required of not-for-profit organizations?

2.

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;

1.

What are the three classifications of net assets established by FASB Statement 117?

2.

How are these net assets affected by the existence or absence of donor-imposed restrictions?

3.

How are releases of these net assets accomplished?


ACC 460 week 4 DQ 3:

1.

What constitutes a pledge or contribution?

2.

When does a not-for-profit organization recognize pledge revenue and contribution revenue?

3.

How do contributions differ from exchanges?

ACC 460 week 4 DQ 4:

1.

In what significant way do not-for-profits account for investments differently from businesses?

2.

How are investments reflected in the statements of not-for-profits?

3.

What are the disclosure requirements for not-for-profits as related to investments?

WEEK 5 ASSIGNMENTS AND DQS


ASSIGNMENTS

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?


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