Choose any charitable organization and look up its

Assignment Help Accounting Basics
Reference no: EM13581093

1. Internal control in not-for-profit organizations has been questions for years. These entities are usually run by a host of volunteers, most of whom have no formal accounting or management experience. What are the problems associated with internal control in charitable organizations and what might be done to improve the process?

2. Choose any charitable organization and look up its financial statements. What financial statements are used by these organizations? What are some of the financial challenges that they face?

Reference no: EM13581093

Questions Cloud

In august one of the processing departments at knepp : in august one of the processing departments at knepp corporation had beginning work in process inventory of 17000 and
Simmons corporation owns stock of armstrong inc prior to : simmons corporation owns stock of armstrong inc. prior to 2012 the investment was accounted for using the equity
Lockard company purchased machinery on january 1 2012 for : lockard company purchased machinery on january 1 2012 for 138560. the machinery is estimated to have a salvage value of
Wat is one advantage of using the participatory budget : what is one advantage of using the participatory budget approach?management can disregard their employees input if
Choose any charitable organization and look up its : 1. internal control in not-for-profit organizations has been questions for years. these entities are usually run by a
Each unit requires 3 hours of direct labor time at 10 per : kolinchak enterprises has the following production planned for the first quarter of next yearjanuarynbspnbspnbsp
Stratford company distributes a lightweight lawn chair that : stratford company distributes a lightweight lawn chair that sells for 40 per unit. variable expenses are 20.00 per unit
Murphy company plans to produce 50000 units in march and : murphy company plans to produce 50000 units in march and 60000 units in april. each unit requires 6 pounds of direct
Roo corporation budgeted sales for the next fiscal year are : roo corporation budgeted sales for the next fiscal year are 7650000. roo estimates the following marketing and

Reviews

Write a Review

Accounting Basics Questions & Answers

  Sales and collection patterns

Compare the sales and collection patterns before and after the arrival of the new sales manager. Have things improved or deteriorated? Explain. On the basis of the information presented, determine what likely caused the improvement or deterioratio..

  Unrecorded trademark with a remaining life

The buildings have a 20-year life and the equipment has a 10-year life. $50,000 was attributed to an unrecorded trademark with a 16-year remaining life. There was no goodwill associated with this investment. Compute the book value of Vega at Janua..

  Earning when open his own accounting firm

Sam quit his job as an accountant withWe Keep Books Accurately to open his own accounting firm. He earned $40,000 with the accounting firm We Keep Books Accurately. During the current year Sam had revenues of $150,000 and total expenses of $110,00..

  What is the reason for the apparent inconsistency between

1. provide examples of resources that are temporarily restricted as toa purposeb time andc the occurrence of a specific

  Cost of goods sold per unit

If Job M1 resulted in 7,000 good jeans, what would be the cost of goods sold per unit? Show your work.

  Cost in a separate land account

Northwood paid $150,000 in cash. Record the purchase in the journal, identifying each lot's cost in a separate Land account. Round decimals to three places, and use your computed percentages throughtout.

  Problem on expected rate of return on plan assets

They had no unrecognized prior service cost, no unrecognized gains or losses, and no balance sheet accruals relating to pension assets or liabilties. The company uses a discount rate of 10% in determining the PBO and has an expected rate of return..

  A person wanted to withdraw x rupees and y paise from the

a person wanted to withdraw x rupees and y paise from the bank. but cashier made a mistake and gave him y rupees and x

  The state of nature that occurs favors alternative b assume

alternative a alternative b present value of costs incurred for selecting the alternative prior to knowing which state

  What are internal controls

Explain some common internal controls that a company might have in place. What are they designed to protect? What are the reporting requirements regarding internal controls in the Sarbanes-Oxley Act?

  Sales are collected 75 in the month of sale and 25 in the

ace inc shows a cash balance of 24000 on january 1 2008. the expected sales in units of its product by month for the

  What is the change in the number of days sales

What is the change in the number of days sales uncollected between years 2010 and 2011? According to this analysis, is the company's collection of receivables improving?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd