ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
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ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Assignment Balancing the Budget
ACC 548 Assignment Comprehensive Annual Financial Report Assignment
ACC 548 Assignment New Donors
ACC 548 Week 1 Assignment Ex 1-1, Ex 1-3, Ex 2-2, Ex 2-5, Ex 3-1, Ex 3-5
ACC 548 Week 1 Comprehensive Annual Financial Report Briefing
ACC 548 Week 1 Textbook Problem (P 1-10, P 2-8)
ACC 548 Week 1 Textbook Problem (Ex 2-6, Problem 3-1)
ACC 548 Week 2 Assignment E4-3, E5-6, E6-4, E6-7
ACC 548 Week 2 Ex 5-3, 6-4, Problem 4-15
ACC 548 Week 2 Government Funds
ACC 548 Week 2 Sources of Revenue
ACC 548 Week 2 Textbook Problem (P4-2, P6-1)
ACC 548 Week 3 Assignment E7-3, E8-4
ACC 548 Week 3 Proprietary Funds
ACC 548 Week 3 Textbook Problem (Ex 7-3, Ex 8-6)
ACC 548 Week 3 Textbook Problem 7-6
ACC 548 Week 4 DQs
ACC 548 Week 4 Pensions
ACC 548 Week 4 Permanent and Fiduciary
ACC 548 Week 4 Textbook Problem Exercise 10: 1-6 & 8 and Problem 11-7
ACC 548 Week 4 Textbook Problem P10-3
ACC 548 Week 5 Accounting for Not-for-Profit Organizations Presentation
ACC 548 Week 5 Not-for-Profit Organizations Sources of Funding and Primary Expenditures
ACC 548 Week 5 Textbook Problem P12-8 (pg. 584) & EX13-1 (1,2,3,4,5,8,9,10 MC)
ACC 548 Week 6 Appropriations Text Problem
ACC 548 Week 6 Federal Budgeting and Accounting (Paper and PPT)
Description
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Assignment Balancing the Budget
ACC 548 Assignment Comprehensive Annual Financial Report Assignment
ACC 548 Assignment New Donors
ACC 548 Week 1 Assignment Ex 1-1, Ex 1-3, Ex 2-2, Ex 2-5, Ex 3-1, Ex 3-5
ACC 548 Week 1 Comprehensive Annual Financial Report Briefing
ACC 548 Week 1 Textbook Problem (P 1-10, P 2-8)
ACC 548 Week 1 Textbook Problem (Ex 2-6, Problem 3-1)
ACC 548 Week 2 Assignment E4-3, E5-6, E6-4, E6-7
ACC 548 Week 2 Ex 5-3, 6-4, Problem 4-15
ACC 548 Week 2 Government Funds
ACC 548 Week 2 Sources of Revenue
ACC 548 Week 2 Textbook Problem (P4-2, P6-1)
ACC 548 Week 3 Assignment E7-3, E8-4
ACC 548 Week 3 Proprietary Funds
ACC 548 Week 3 Textbook Problem (Ex 7-3, Ex 8-6)
ACC 548 Week 3 Textbook Problem 7-6
ACC 548 Week 4 DQs
ACC 548 Week 4 Pensions
ACC 548 Week 4 Permanent and Fiduciary
ACC 548 Week 4 Textbook Problem Exercise 10: 1-6 & 8 and Problem 11-7
ACC 548 Week 4 Textbook Problem P10-3
ACC 548 Week 5 Accounting for Not-for-Profit Organizations Presentation
ACC 548 Week 5 Not-for-Profit Organizations Sources of Funding and Primary Expenditures
ACC 548 Week 5 Textbook Problem P12-8 (pg. 584) & EX13-1 (1,2,3,4,5,8,9,10 MC)
ACC 548 Week 6 Appropriations Text Problem
ACC 548 Week 6 Federal Budgeting and Accounting (Paper and PPT)
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Assignment Balancing the Budget
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Assignment Comprehensive Annual Financial Report Assignment
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Assignment New Donors
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 1 Assignment Ex 1-1, Ex 1-3, Ex 2-2, Ex 2-5, Ex 3-1, Ex 3-5
EX 1-1
2. If businesses are “governed by the marketplace,” governments are governed by
4. In governments, in contrast to businesses,
6. The number of governmental units in the United States is approximately
8. Interperiod equity refers to a condition whereby
10. Which of the following is not one of the FASB’s financial reporting objectives?
EX. 1–3 Internet-based exercise
1. Visit the GASB website (www.gasb.org)
a) What is the GASB?
b) What is the mission of GASB?
Based on GASB’s White Paper, Why Governmental Accounting and Financial Reporting Is and Should Be Different, describe the key environmental differences between governments and for-profit business enterprises
2. Visit the GFOA website (www.gfoa.org)
a) What is the GFOA, and what role does it play?
EX. 2-2
1. Oak Township issued the following bonds during the year:
The amount of debt to be reported in the general fund is
3. Assuming that Bravo County receives all of its revenues from unassigned property taxes, it is most likely to account for the activities of its police department in its
5. Grove City received the following resources during the year:
The amount that the city should most likely report as revenues in its special revenue funds is
. During the year, Brian County collects $12 million of property taxes on behalf of Urton Township. Of this amount it remits $10 million to the township, expecting to remit the balance shortly after the end of its fiscal year. The amount of revenue that the county should report is
9. A city receives a $30 million contribution. The donor stipulates that the money is to be invested. The principal is to remain intact and the investment proceeds are to be used to provide scholarships for the children of city employees. The contribution should be reported as revenue of a
EX. 2-5
E2-5 page 78
Funds are separate fiscal and accounting entities, each with its own self-balancing set of accounts.
The newly established Society for Ethical Teachings, a not-for-profit organization, maintains two funds—a general fund for operations and a building fund to accumulate resources for a new building. In its first year, it engaged in the following transactions:
1. It received cash contributions of $200,000, of which $40,000 were restricted to the acquisition of the new building.
2. It incurred operating costs of $130,000, of which it paid $120,000 in cash.
3. It earned $3,000 of interest (the entire amount received in cash) on resources restricted to the acquisition of the new building.
EX. 3-1
Select the best answer.
- Appropriation budgets are typically concerned with
- Which of the following types of budgets would be most likely to include a line item “purchase of supplies”?
- Per GASB Statement No. 34, a budget-to-actual comparison must include columns for the actual results and
- Apportionments are made during which phase of the budget cycle?
- In adopting and recording the budget a government should
- In closing budgetary and expenditure accounts at year-end a government should
- The prime function of budgetary entries is to
- A government should debit an expenditure account upon
- If a government records the budget, and actual revenues exceed budgeted revenues, what would be the impact on the year-end financial statements?
- A “cash basis” budget relative to a “modified accrual basis” budget
EX. 3-5
Both budgeted and actual revenues and expenditures are closed to the fund balance.
The budgeted and actual revenues and expenditures of Seaside Township for a recent year (in millions) were as presented in the schedule that follows.
- Prepare journal entries to record the budget.
- Prepare journal entries to record the actual revenues and expenditures. Assume all transactions resulted in increases or decreases in cash.
- Prepare journal entries to close the accounts.
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 1 Comprehensive Annual Financial Report Briefing
Select a government entity of your choice. It can be a state, county, city, town, school district, or any other government entity. Preferably select one in which you have a vested interest, such as where you live, work or send your kids to school.
Obtain the Comprehensive Annual Financial Report (CAFR) for the entity you selected. You should be able to find the CAFR on the web site for the government entity. If not, contract the entity for a copy. Note: this CAFR will be used for many activities throughout the course.
Scenario for this week: You are working as an accountant for the government entity you selected above. You have newly elected board members who are businesspeople from the community. These are highly successful and intelligent business people who know and appreciate private sector financial accounting. However, they know very little about government accounting.
Prepare a MS PowerPoint® presentation for the new Board members. The presentation should be between 12 to 15 slides and include the following:
- Description of the purpose of government accounting and financial reporting.
- Comparison of private sector financial accounting with accounting for government and not-for-profit organizations
- An overview and contrasting of government funds, propriety funds, and fiduciary funds. Include a list of the different funds within those categories and a brief explanation as to when and how these funds are used.
- Detailed description of government funds and the four types of government funds.
- Description of the purpose and elements of financial reporting, budgeting and encumbrance accounting for government organizations.
Submit your completed Power Point presentation in the assignment section for the week
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 1 Textbook Problem (P 1-10, P 2-8)
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 1 Textbook Problem (Ex 2-6, Problem 3-1)
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 2 Assignment E4-3, E5-6, E6-4, E6-7
Complete the following exercises from Government and Not-for-Profit Accounting:
- E4-3
- E5-6
- E6-4
- E6-7
Click the Assignment Files tab to submit your assignment
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 2 Ex 5-3, 6-4, Problem 4-15
This is a customized work, please send us the details we will provide the assignment
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 2 Government Funds
Review the CAFR obtained in Week One. Review the types of government funds used by the entity.
Prepare a new Power Point presentation for the new Board members. The presentation should be between 8 to 10 slides and include the following:
- A description of the purpose and characteristics of the general fund and special revenue funds.
- A description of the purpose and characteristics of capital projects funds and debt service funds.
- A list and description of the funds that your government entity actually uses, including the dollar amount of each fund.
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 2 Sources of Revenue
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 2 Textbook Problem (P4-2, P6-1)
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 3 Assignment E7-3, E8-4
Complete the following exercises from Government and Not-for-Profit Organizations:
- E7-3
- E8-4
Click the Assignment Files tab to submit your assignment.
P. 7-3
Which is the proper value to be assigned to certain donated assets? (This is a question for which answers cannot be found in either GASB pronouncements or in this text.)
A city’s road maintenance department received “donations” of two types of assets:
1. From the county in which the city is located it received earthmoving equipment. The equipment had cost the county $800,000 when it was acquired five years earlier. Accounted for in a county proprietary fund, its book value, net of accumulated depreciation at the time of donation, was $500,000. Its fair market value was $530,000.
2. From the city’s own utility fund (a proprietary fund) it received motor vehicles that had cost the city $400,000 when acquired three years earlier. At the time of transfer, the vehicles were recorded on the utility’s books at $180,000, net of accumulated depreciation. Their fair market value was $225,000.
a. At what value should the city record in its government-wide financial statements: (1) the earth-moving equipment, and (2) the motor vehicles?
b. Briefly justify your response, commenting on any apparent inconsistencies in the values assigned to each of the two types of assets.
c. Comment on the significance of the resultant book values for decisions or assessments to be made by statement users.
EX. 8-4 Complete on a separate tab of Excel
Both the reported value of long-term debt and periodic interest charges should be based on unamortized issue price (plus or minus unamortized premiums or discounts) and initial yield.
The City of Fairfield issued $100 million of 20-year, 6 percent coupon bonds (3 percent per semiannual period) for $89.32 million. The price reflected a yield of 7 percent (3.5 percent period semiannual period).
1.Prepare entries to reflect how the following would be reported in the city’s government-wide statements:
a. The issuance of the bond
b. The first semiannual payment of interest
c. The second semiannual payment of interest
2. Prepare entries to account for the same transactions in an appropriate governmental fund
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 3 Proprietary Funds
Review the CAFR obtained in Week One. Review the types of proprietary funds used by the government entity.
Prepare a new Microsoft PowerPoint® presentation for the new Board members. The presentation should be between 8 to 10 slides and include the following:
- A description of the purpose, types, and characteristics of proprietary funds.
- An explanation of the differences between enterprise and internal service funds.
- A list and description of the proprietary (enterprise and internal service) funds that your entity actually uses, including the dollar amount of each fund.
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 3 Textbook Problem (Ex 7-3, Ex 8-6)
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 3 Textbook Problem 7-6
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 4 DQs
1. How is a private purpose trust fund different from a permanent fund?
2. What typically are the main adjustments relating to capital assets and long-term obligations required to convert the government funds statement of revenues and expenditures to the government-wide statement of activities?
3. How does discrete presentation differ from blending? When is each appropriate?
4. Suppose that you are the independent auditor for a local performing arts association (either government or not-for-profit) that recently received a sizable endowment. The association’s president has asked whether gains, both realized and unrealized, from the appreciation of endowment investments should be accounted for as expendable or nonexpendable resources. What should be the primary factors that determine your response? How should GASB or FASB pronouncements influence your recommendation?
5. The Comprehensive Annual Financial Report (CAFR). We know that the three main sections of the Comprehensive Annual Financial Report are:
· the introductory section
· the financial section
· the statistical section
What are the main components of the financial section?
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 4 Pensions
Prepare a paper of no more than 1,050 words that answers the following questions for each state:
- What type of pension fund does the state provide to employees
- How is the pension fund actually funded – who pays for it
- Is the pension fully funded
- What pay and benefits are provided by the pension
- How much is currently in the pension fund
- What is the current pension liability for the state
Compare the different pension funds provided by the team members and rank order the funds in terms of the best and worse pensions among the group. Include this comparison in the paper above.
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 4 Permanent and Fiduciary
Review the CAFR obtained in Week One. Review the types of fiduciary funds used by the government entity.
Prepare a new Power Point presentation for the new Board members. The presentation should be between 8 to 10 slides and include the following:
- A description of the purpose, types, and characteristics of fiduciary funds.
- A description of the purpose of a permanent fund and how it differs from fiduciary funds.
- A list and description of the fiduciary (trusts and agency) funds that your entity actually uses, including the dollar amount of each fund.
- An explanation of the purpose and components of the Comprehensive Annual Financial Report (CAFR)
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 4 Textbook Problem Exercise 10: 1-6 & 8 and Problem 11-7
This is a customized work, please send us the details we will provide the assignment
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 4 Textbook Problem P10-3
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 5 Accounting for Not-for-Profit Organizations Presentation
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 5 Not-for-Profit Organizations Sources of Funding and Primary Expenditures
Write a paper of no more than 1,050 words that answers the following questions for each site:
- What is the mission and purpose of each organization
- What are the primary sources of funding for each
- What are the primary expenditures for each
- How successful is each entity in terms of meeting its mission and staying fiscally solvent
Prepare an Excel workbook that contains a separate spreadsheet for each individual not-for-profit organization. The spreadsheets should list the following:
- The principle sources of revenues for the organizations
- The primary expenditures made by each. In other words, how do the organizations get and spend their money.
- Be sure to include dollar amounts.
Brainstorm and discuss the commonalities and the differences between the sources of revenue and the types and amounts of expenditures for each entity. Discuss those differences among team members the reasons for the differences.
Click the Assignment Files tab to submit your assignment.
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 5 Textbook Problem P12-8 (pg. 584) & EX13-1 (1,2,3,4,5,8,9,10 MC)
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 6 Appropriations Text Problem
In a recent year, the Commission received an appropriation of $100 million. Of this amount, it spent only $80 million. Assuming that the appropriation does not lapse, how would the unspent $20 million be reported on the Commission’s year-end balance sheet?
ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX
ACC 548 Week 6 Federal Budgeting and Accounting (Paper and PPT)
ACC 548 Week 6 Federal Budgeting and Accounting
Review the federal budget and the budget tables for the U.S. federal government.
Prepare an 8- to 10-slide Microsoft® PowerPoint® presentation focusing on the federal budget for fiscal year (FY) 2015. Answer the following :
- What are the total revenues and expenditures projected for FY15 (Table S-1)
- Is the FY15 budget projecting a surplus or a deficit in spending, and by how much (Table S-1)
- What are the key sources of revenue for the federal government (Table S-5)
- What are the primary expenditures for the federal government? (Table S-5)
- What is the current national debt?
- How much is the national debt per citizen and per taxpayer. Is this a problem? Why? Why not?
- How can the Federal government reduce the national debt? Keep your ideas realistic.
Prepare a paper of no more than 700 words that addresses the following topics :
- What roles do accountants play in managing government and not-for-profit organizations?
- How are government and not-for-profit organizations audited? Be sure to include the different types of audits.
- Describe the Single-Audit Act and how it impacts government financial reporting and accounting