User Account

All Pages

Evaluate managements discussion and analysis

Assignment Help Financial Accounting
Reference no: EM13488813

Assignment 1: Financial Statement / Audit Report Review

Select a local government in your state and review the financial statements and audit report for the county or municipality. The financial statements of the government selected should have at least three funds.

Write a three to four page paper in which you:

1. Analyze the method of accounting used for the general fund and all other funds in existence by the government. Evaluate the reasoning for the use of the method of accounting for each of the funds as required by GAASB.

2. Assess the application and compliance of GASB Statement 34, Basic Financial Statements and Management Decisions and Analysis for State and Local Governments to each of the funds.

3. Evaluate management's discussion and analysis (MD&A). In your evaluation, analyze the significant information in the MD&A and how the information contributed to the clarity of the financial statements. From your analysis of financial statements, identify and analyze information that should be included in the statements.

4. Determine whether the entity's financial position improved or deteriorated during the reporting period. Speculate on the causes from your review of the financial statements.

Assignment 2: Public University Analysis

Select a public university system and review the financial statements and audit report for the system.

Write a three to four (3-4) page paper in which you:

1. Identify and analyze the employee pension plan disclosures in the financial statements. Evaluate the impact of the GAASB proposed changes to the pension liabilities on the financial statements of the institution.

2. Identify and analyze the economic conditions that will affect the future growth and success of the institution.

3. Review and evaluate the treatment of federal grants such as Pell grants, supplemental grants, and work study on the revenue reported for the institution.

4. Compare the treatment of endowments, earnings on endowments, and restricted funds with GAASB requirements.

Reference no: EM13488813

Questions Cloud

Explain the bronsted-lowry base and the conjugate acid : For each of the following, identify the Bronsted-Lowry acid, the Bronsted-Lowry base, the conjugate acid, and the conjugate base.HNO3+H2O
Define idealised realms of philosophy : Should you give the person the money, or keep it for yourself? Is it more important to help other people who are in need, or to live one's life as fully as possible?
What is the weight of the heaviest brick : A very powerful vacuum cleaner has a hose 3.00 cm in diameter. With the end of the hose placed perpendicularly on the flat face of a brick, what is the weight of the heaviest brick
Estimate the orbital period of the satellite : An artificial satellite circles the Earth in a circular orbit at a location where the acceleration due to gravity is 7.28 m/s2. Determine the orbital period of the satellite
Evaluate managements discussion and analysis : Analyze the method of accounting used for the general fund and all other funds in existence by the government and evaluate the reasoning for the use of the method of accounting for each of the funds as required by GAASB.
Explain what volume in ml of coffee should be diluted : What volume (in ml) of coffee should be diluted to 25ml prior to analysis using only standard transfer pipets with integer values from 1-10ml
What was the speed of the ball when it was launched : A 0.20 kg billiard ball is thrown at a 45 degree angle upwards from the edge of a 12.192 meters tall building. What was the speed of the ball when it was launched
Evaluate the angular acceleration of the wheel : A cyclist pedals a bicycle. The driving wheel accelerates from the rest to an angular speed of 6.4 rev/s in 3.8 revolutions. What is the angular acceleration of the wheel
A metal is being cast into a cylinder : A metal is being cast into a cylinder which is 10 cm in diameter and 20 cm tall. The mold is bottom-gated (see class notes for geometry)

Reviews

Write a Review

Financial Accounting Questions & Answers

  Effect of a change in the price of shoes is always zero

Imelda consumes shoes and a composite of all other goods, whose is price is 1. For Imelda, the income effect of a change in the price of shoes is always zero. Imeldas preferences satisfy all of the usual assumptions

  Answer following question1 what are the several fields of

answer following question1. what are the several fields of accounting and how do they differ?2. how are expenses and

  Analysis of various methods of inventory system and its

analysis of various methods of inventory system and its effect on ending inventory and cost of goods sold.glanville

  How much is sparrow tax liability

During 2008, Sparrow Corporation, a calendar year C corporation, had operating income of $425,000, operating expenses of $210,000, a short-term capital loss of $45,000, and a long-term capital gain of $125,000. How much is Sparrow's tax liability ..

  What are the production elasticities of demand for labor

What are the production elasticities of demand for labor, capital (trucks) and energy? b. If worker hours (labor) are increased by 10% next year, how much will output (Q) increase?

  Determine the direct labor rate variance

In the following calculations that involve variances, indicate whether a variance is favorable (F) or unfavorable (U) and determine the direct labor rate variance and the direct labor efficiency variance for the year.

  Calculating ending inventory in both units amp dollars cost

calculating ending inventory in both units amp dollars cost of goods sold commission to manager amp gross profit for

  Determine amount received by morgan as a final distribution

Prior to liquidating their partnership, Morgan and Chow had capital accounts of $32,000 and $60,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was realized from the sale of assets. These partnership ass..

  Calculate the break -even point for the year 2007

Calculate the break -even point for the year 2007 and calculate the break -even point under each alternative course of action above.

  Collected the amount due on the account recievable

Purchased inventory that cost $2,200 on account from Blue Co. under terms 1/10, n/30. The merchandise was delivered FOB shipping point. Freight costs of $110 were paid in cash.

  Describe tax consequences to taylor corporation

What type of reorganization has taken place? Describe the tax consequences to Taylor Corporation, its former shareholders, and Superior Corporation.

  Determine the annual pretax return

Determine the annual pretax return to Slimware if the firm can earn 9% on any funds released from employing the zero-balance system? Assume the company has 52 weekly pay periods each year.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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