How fund accounting principles for nonprofit organizations

Assignment Help Financial Accounting
Reference no: EM13489184

Being that you are an inquisitive person and wish to add to your knowledge base, you ask your new accountant to teach you about fund accounting that is used in nonprofit financial accounting. Specifically, you asked her the following:

Explain how fund accounting principles for nonprofit organizations affect routine revenue type journal entries.

Do you think that nonprofits should continue to abide by the wishes of contributors who donated on the basis of a specific use of their donation, or, during tough economic times, should they ask these contributors to relax any restrictions they placed on the use of these funds?

In your own words, please post a response to the Discussion Board and comment on other postings. You will be graded on the quality of your postings.

Reference no: EM13489184

Questions Cloud

State reaction mechanisms for the pyrolysis : Using structural formulas, and arrows to show electron movement, write reaction mechanisms for the pyrolysis of the aryl sulfonate ester to produce alkene(s) assuming that: (a) the mechanism is E1, and (b) the mechanism is E2.
Find the increase in temperature of the bullet : A 6.10 g lead bullet traveling at 310 m/s is stopped by a large tree. what is the increase in temperature of the bullet
State a pressure of gas is 50mm hg and that the temperature : Find the number of moles of gas in a 70L container assuming that the pressure of gas is 50mm Hg and that the temperature is 350degC
What is the speed of the canoe after she jumps : A girl of mass 55.0 kg jumps off the bow of a 76.0-kg canoe that is initially at rest. what is the speed of the canoe after she jumps
How fund accounting principles for nonprofit organizations : Explain how fund accounting principles for nonprofit organizations affect routine revenue type journal entries.
Explain the best reducing agent under standard conditions : Which reagent is capable under standard conditions, of converting Co2+ (aq) into Co(s) but does not convert Fe2+ (aq) into Fe(s). Which of the following is the best reducing agent under standard conditions
Create the journal entry when the cash is received : Create the journal entry or entries to show the proper recording of revenue (this may require more than on journal entry).
Explain the temperature of the expanded gas : A gas at 1 atm and 125degC is expanded from a volume of 150mL to a volume of 4L. The pressure of the gas after expansion is 500 torr. What is the temperature of the expanded gas
How revenue sources are planned and budgeted in nonprofits : What are some typical key assumptions that must be made in the "revenue sources" budgeting process of nonprofits, and what could cause these assumptions to be invalid?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Comparison of investment based on payback

Comparison of Investment based on Payback, NPV, IRR and Profitability Index and require a 15 percent return on your investment.

  Commercial paper financing

Evaluate a company's annual financing cost of this commercial paper financing

  Should the brinkers accept this offer right away

Should the Brinkers accept this offer right away? What quantitative factors and what operational, qualitative or strategic factors should Five-speed and Wilbur take into account in making this decision?

  Evaluate joe''s adjusted basis

Evaluate Joe's adjusted basis in his EFG Inc. stock after the distribution?

  Multiple choice questions on balance sheet and financial

multiple choice questions on balance sheet and financial ratios.1.the term receivables refers toa.amounts due from

  What was p and gs pension expense for 2009 for the us

What kind of pension plan does P&G provide its employees in the United States and what was P&G's pension expense for 2009, 2008, and 2007 for the United States?

  Illustrate what are the issuer''s cash proceeds from issuance

On the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 93¼. The straight-line method is used to allocate interest expense. Illustrate what are the issuer's cash proceeds from issuance of these bonds?

  Explain why would requirement exist for nfp organization

ot-for-profits are required to classify assets into three categories, restricted, temporarily restricted and unrestricted. Explain why would this requirement exist for NFP organizations

  Sessegnon ltd income statement for the year ended 31

sessegnon ltd income statement for the year ended 31 december 2011nbsppound000spound000ssalesnbsp1690cost of

  Compute eps amounts, basic and diluted earnings per share

Compute the EPS amounts that TaylorT should report for 20X2 and calculate basic and diluted earnings per share figures for 20X2.

  On 12th july 2011 fred city ordered a new computer at an

on 12th july 2011 fred city ordered a new computer at an anticipated cost of 114400. the computer was received on july

  Briefly describe metaphors credit card policy

Briefly describe Metaphors credit card policy

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