Briefly describe given items related to financial reporting

Assignment Help Accounting Basics

Reference no: EM131525990

Question: 1. Briefly describe the following items related to financial reporting by

( a ) private not-for-profit health care entities;

( b ) government-owned health care entities; and

(1) Source of Category A and B GAAP.

(2) Equity or net asset account titles.

(3) Required financial statements.

2. With regard to accounting for private, not-for-profit health care entities, do the following:

a. Outline the accounting required, under FASB guidance, for a(n):

(1) Endowment gift received in cash.

(2) Pledge received in 2011, unrestricted as to purpose but restricted for use in 2012.

(3) Pledge received in 2011, restricted as to purpose other than acquisition of fixed assets, which is fulfilled in 2012.

b. List those items required to be reported "outside" the performance indicator in the Statement of Operations.

Reference no: EM131525990

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