Regarding governmental and nonprofit accounting

Assignment Help Financial Accounting
Reference no: EM131266572

Please answer the following regarding Governmental and NonProfit Accounting:

a. When do GASB standards require interfund receivables and payables to be reported as Internal Balances?

b. What are regulatory accounting principles and how do they relate to enterprise fund accounting?

c. What is meant by "segment information for enterprise funds"? When is the disclosure of segment information required?

Reference no: EM131266572

Questions Cloud

Describe the leadership characteristics possessed : Describe the leadership characteristics possessed by this person, or explain which important characteristics this person lacks.
What should we do to the forecast model : What does this mean? What should we do to the forecast model to improve the situation?
Analyze why the company maintains the level of success : Analyze why this company maintains the level of success it does from an economic and financial perspective. Develop at least two visual aids (e.g., charts, graphs, or tables) to support your argument.
Role of relationship marketing and strategic alliances : Discuss the role of relationship marketing and strategic alliances in business marketing. - Why is relationship or personal selling the best way to promote in business marketing?
Regarding governmental and nonprofit accounting : When do GASB standards require interfund receivables and payables to be reported as Internal Balances? What are regulatory accounting principles and how do they relate to enterprise fund accounting?
Discuss with the aid of a potential-energy diagram : Discuss with the aid of a potential-energy diagram, the process of dissociative chemisorptions of a diatomic gas at a metal surface. What relationship exists between the enthalpy of chemisorptions and the activation energy of desorption?
Understand manner in which cabinet appointees are selected : Understanding the manner in which cabinet appointees are selected and the role that they serve, do you believe that they should primarily support and advocate for the policy positions of the President
Define a target market and develop a marketing plan : How could you use the Web site BtoBonline.com to help define a target market and develop a marketing plan?- How could you use the Internet in your business marketing of Huggies diapers?
Transformational and transactional leadership : Carefully review the concepts and definitions of charismatic, transformational, and transactional leadership. Then write a three-page paper addressing the following issues, using specific examples from your personal experiences. Make sure to cite ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute kraft inventory turnover for the year

Compute the number of days required by Kraft to sell its average inventory.  Compute Kraft’s inventory turnover for the year.

  What should a futures contract with a one year maturity

The current level of the S&P 500 is 1,200. The dividend yield on the S&P 500 is 2%. The risk-free interest rate is 1%. What should a futures contract with a one-year maturity be selling for?

  Gideon company uses the allowance

Gideon Company uses the allowance method of accounting for uncollectible accounts.

  Discuss how management can measure the cost savings

Discuss three recommendations to improve the problem related to labor at Fargo Publishing. Discuss how management can measure the cost savings of these recommendations."

  Reported assets and liabilities approximate fair value

On June 30, 2014, PC Company purchased all of the common stock of Silicon Company by issuing 100,000 shares of its $1 par value common stock, with a market value of $25/share. PC Company incurred $400,000 in registration and issuing costs, and $250,0..

  Police department normal operating expenditures

Police Department normal operating expenditures. Proceeds from the Governmental Unit's bond sale (monies received from issuance of long-term debt). Grant received for general purposes in which the entire amount (including the principal and any earnin..

  Discuss the implications for auditors conducting audits

Outline the major revisions to the auditing standards and discuss their implications for auditors conducting audits. (Approx 1,000 words essay response)

  Deferral for prepaid expenses and deferred revenues

Explain why companies sometimes recognize deferral for prepaid expenses and deferred revenues. Give an example of an adjusting entry to update each of these items at year-end Explain why companies sometimes recognize accruals for accrued expenses and..

  End of the period to measure income properly

A large auto manufacturer sells large fleets of vehicles to auto rental companies, such as Budget and Hertz. Suppose Budget is negotiating with the auto manufacturer to purchase 827 vehicles. Salary expense of $38,000 is accrued at the end of the per..

  Question state whether there is any violation of the aicpa

question state whether there is any violation of the aicpa code of professional conduct and the nature of the

  Discussed the language of business

Last week, we discussed "The Language of Business" and why the accounting information system is important in business. This week, we are going to look at the mechanics of how it all works. It might be a bit easier if we started with an example which ..

  Why do you believe fund accounting is so important

Discuss both the meaning of, and the basis for, fund accounting-a major consideration and constraint on governmental accounting procedures and how that compares to financial reporting that is handled with far less constraints in the for-profit sec..

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