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Accounting for Governmental & Nonprofit Entities 19th Edition By Jacqueline Reck and Suzanne Lowensohn and Daniel Neely 2022 Instructor Solution Manual


Accounting for Governmental & Nonprofit Entities 19th Edition By Jacqueline Reck and Suzanne Lowensohn and Daniel Neely 2022 Instructor Solution Manual

Accounting for Governmental

(Instructor Solution Manual)

Accounting for Governmental & Nonprofit Entities 19th Edition By Jacqueline Reck and Suzanne Lowensohn and Daniel Neely 2022 Instructor Solution Manual

Edition: 19th Canadian

Author Name: Jacqueline Reck and Suzanne Lowensohn and Daniel Neely

contact:

Whatsapp +1 (949) 734-4773

 

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Accounting for Governmental & Nonprofit Entities 19th Edition By Jacqueline Reck and Suzanne Lowensohn and Daniel Neely 2022 Instructor Solution Manual

Accounting for Governmental

(Instructor Solution Manual)

Accounting for Governmental & Nonprofit Entities 19th Edition By Jacqueline Reck and Suzanne Lowensohn and Daniel Neely 2022 Instructor Solution Manual

Edition: 19th Canadian

Author Name: Jacqueline Reck and Suzanne Lowensohn and Daniel Neely

contact:

Whatsapp +1 (949) 734-4773

 

for the Facebook page click here 

 

for more books  for  ( Test Bank and Solution Manual) click here

 

For test bank  click here

 

sample free

CHAPTER 1: INTRODUCTION TO ACCOUNTING AND FINANCIAL REPORTING FOR GOVERNMENT AND NOT-FOR-PROFIT ENTITIES

OUTLINE

Number Topic Type/Task Status
(re: 18/e)
Questions:
1-1 Differences between types of organizations Identify Same
1-2 Distinguishing between general purpose and special purpose governments Identify Revised
1-3 Standards-setting bodies Identify Same
1-4 Not-for-profit financial reports Identify New
1-5 Relationship of interperiod equity and fiscal accountability Define/Compare New
1-6 Determining the purpose of the two types of accountability Determine Same
1-7 Primary reporting objectives for NFPs and governments Compare Same
1-8 Objective of federal financial reports Explain New
1-9 Federal government performance and accountability report Identify/Describe Same
1-10 NFP reporting of expenses Explain Same

Cases:
1-11 Research Case—Accountability Reporting Report New
1-12 Research Case—GASB Analyze Revised 1-11
1-13 Research Case—FASB Explain New
1-14 Research Case—FASB Analyze Same
1-15 Research Case—FASAB Summarize Same
1-16 Research Case—Federal Financial Reporting Objectives Analyze Same
Exercises/Problems:
1-17 Examine the CAFR Examine Same
1-18 Financial statement differences Differentiate Same
1-19 Various Multiple Choice Items 4, and 7 are new; other items are the same
1-20 Matching concepts and reporting characteristics or requirements for government and NFP organizations Classify Revised
1-21 Matching standards governing organizations Classify Revised

CHAPTER 1: INTRODUCTION TO ACCOUNTING AND FINANCIAL REPORTING FOR GOVERNMENT AND NOT-FOR-PROFIT ENTITIES

Answers to Questions

1-1. Following is a list of some of the differences between business organizations and government/not-for-profit organizations.

Business Organizations Government/Not-for-for profit Organizations
Providers of resources expect either repayment or economic benefits proportionate to the resources provided. Many providers of resources do not expect repayment or economic benefits proportionate to the resources provided.
Primary operations are undertaken to provide goods or services at a profit. Primary operations are not undertaken to provide goods or services at a profit or profit equivalent.
There are defined ownership interests that can be sold, transferred, or redeemed; or entitle the owner to a share of remaining resources at liquidation. There are no defined ownership interests.

 

 

 

 

 

 

General Problem Information: Differences between types of organizations
Learning Objective: 1-1
Topic: Differences Between Governmental and Not-for-Profit Organizations
Bloom’s Taxonomy: Remember
Accreditation Skills tag: AACSB: Communication, AICPA: BB Industry
Level of Difficulty: Easy

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