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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 Assignment Balancing the Budget
What are the relevant facts?
Who is affected?
Who are the major parties in this case?
What are the ethical conflicts in this case?
What is the possible cause of those actions?
What are the consequences of those actions?

ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX

ACC 548 Assignment Comprehensive Annual Financial Report Assignment

Comprehensive Annual Financial Report Assignment
Does the government contribute to one or more pension plans? Are they defined benefit or defined contribution plans? If they are defined benefit plans, are they single employer (maintained by the government itself) or multiple-employer.
Does the government report pension expenses or expenditures? If so, in which fund or funds?
Does the government report pension liabilities? If so, in which fund or funds?
Does the CAFR indicate the actuarial value of plan assets and liabilities? Are the plans overfunded or underfunded?

ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX

ACC 548 Assignment New Donors

Prepare a 10- to 12-slide presentation using a modality of your choice.
Include the following:
• Describe the mission and purpose of your organization.
• Differentiate between private and government not-for-profit organizations.
• List the primary sources of funding for the organization? How are the revenues classified? Be sure to include dollar amounts.
• Identify the primary expenditures for the organization. In other words, how do the organizations get and spend their money.
• List the reports required by FASB.
• Describe reporting issues that not-for-profits faced and the changes being made in the new year.
• Identify the differences between reporting for governments and not-for-profit organizations.
• Explain how successful your entity has been in terms of meeting its mission and staying fiscally solvent.
• Identify what reports or information will show the donors if a not-for-profit entity is financially healthy.

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.

  1. Appropriation budgets are typically concerned with
  2. Which of the following types of budgets would be most likely to include a line item “purchase of supplies”?
  3. Per GASB Statement No. 34, a budget-to-actual comparison must include columns for the actual results and
  4. Apportionments are made during which phase of the budget cycle?
  5. In adopting and recording the budget a government should
  6. In closing budgetary and expenditure accounts at year-end a government should
  7. The prime function of budgetary entries is to
  8. A government should debit an expenditure account upon
  9. If a government records the budget, and actual revenues exceed budgeted revenues, what would be the impact on the year-end financial statements?
  10. 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.

  1. Prepare journal entries to record the budget.
  2. Prepare journal entries to record the actual revenues and expenditures. Assume all transactions resulted in increases or decreases in cash.
  3. 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)

P. 1-10
a) Suppose you were asked to propose accounting principles for external reporting that would capture the true economic nature of these measure-actions that, in substance, did not improve the city’s fiscal performance or condition. For each measure, indicate how you would require that it be accounted for and reported?
b)
It reduced by $1 million the city’s cash transfer to a “rainy day” reserve maintained to cover possible future reductions in tax collections attributable to a downturn in the region’s economy
It sold securities that had been held as an investment. The securities had been purchased five years earlier at a cost of $2 million. Market value at the time of sale was $5 million.
b) Can you see any disadvantages to the principles that you propose?
P. 2-8
Hillcrest Home Care Service Balance Sheet as of December 31 (in thousands)
1) As best as you can tell from the balance sheet, what are Hillcrest’s measurement focus and basis of accounting? Explain
2) What is the most likely reason that some assets are classified as temporarily restricted and others as permanently restricted?
3) Suppose you are the independent CPA who audited the financial statements of Hillcrest. The comptroller of a town, also one of your clients, reviews the financial statements of Hillcrest and observes that they look remarkably like those of private businesses. He wonders why:

ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX

ACC 548 Week 1 Textbook Problem (Ex 2-6, Problem 3-1)

Exercise 2-6 and Problem 3-1
Let’s begin with Exercise 2-6. For each of the following transactions, I will indicate the fund in which each transaction would most likely be recorded:
1. The city collects $3 million of taxes on behalf of the county in which it is located:
2. It spends $4 million to pave city streets, using the proceeds of a city gasoline tax dedicated for road and highway improvements:
3. It receives a contribution of $5 million. Per the stipulation of the donor, the money is to be invested in marketable securities, and the interest from the securities is to be used to maintain a city park:
4. It collects $800,000 in landing fees at the city-owned airport:
5. It earns $200,000 on investments set aside to make principal payments on the city’s outstanding bonds. The bonds were issued to finance improvements to the city’s tunnels and bridges:
6. It pays $4 million to a contractor for work on one of these bridges:
7. It pays $80,000 in wages and salaries to police officers:
8. It purchases from an outside supplier $40,000 of stationery that it will “sell” to its various operating departments:
Problem 3-1, beginning with a budget recorded in both the Cash Basis and the Accrual Basis

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 Week 2 Sources of Revenue
Prepare an Excel workbook that contains a separate spreadsheet for each individual government entity.  The spreadsheets should list the following:
• The principle sources of revenues for the general fund
• The primary expenditures made out of the general fund of each government entity.  In other words, how does the general fund get and spend its 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.
Prepare a summary spreadsheet for the workbook that provides a comparative (side-by-side) analysis between the different entities.
Click the Assignment Files tab to submit the assignment.

ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX

ACC 548 Week 2 Textbook Problem (P4-2, P6-1)

P. 4-2
1. The state in which Beanville is located collects sales taxes for its cities and other local governments. The state permits small merchants to remit sales taxes quarterly. The state sales tax rate is 6 percent. In December 2016, city merchants collected $50 million in sales taxes that they remitted to the state on January 15, 2017. The state, in turn, transferred the taxes to the city on February 15, 2017.
2. In December 2016, the federal government awarded Beanville a reimbursement grant of $500,000 to train law-enforcement agents. The city had applied for the grant in January of that year. The city may incur allowable costs any time after receiving notification of the award. In 2017, the city incurred $400,000 in allowable costs and was reimbursed for $350,000. It was reimbursed for the $50,000 balance in February 2018. In January and February 2018, it incurred the remaining $100,000 in allowable costs and was reimbursed for them in April 2018.
3. In December 2016 the city levied property taxes of $1 billion for the calendar year 2017. The taxes are due June 30, 2017. The city collected these taxes as follows:
4. It estimates the balance of $32 million would be uncollectible. In addition, in the period from January 1 through February 28, 2017, the city collected $16 million in taxes that were delinquent as of December 31, 2016. In the period March 1 through June 30 2017, the city collected $8 million of taxes that were also delinquent as of December 31, 2016.
5. In December 2017 Beanville sold a city-owned warehouse to a private developer. Sales price was $4.2 million. The warehouse had cost $4 million when it was acquired 10 years earlier. It had an estimated useful life of 40 years (with no salvage value).
6. In December 2017, Beanville’s city-owned radio station held its annual fund drive. A local business offered to match all pledges made on December 2, 2017, up to $50,000, assuming that the amount pledged was actually collected. Based on past experience the city estimates that 90 percent of the pledges will actually be collected. By year-end 2017, the city had collected $25,000 of the pledges, and in January and February it collected an additional $15,000. It received $25,000 of the matching funds on February 15, 2018. Respond with respect only to the $50,000 in matching fund
P6-1
The financial statements of an actual capital projects fund leave it to the report reader to draw inferences on key transactions.
The accompanying statements of the parks, recreations, and municipal capital improvement bond fund (a capital projects fund) were drawn from an annual report of Parkville. According to a note in the report (the only one pertaining to the fund), the fund is maintained “to account for bond proceeds to be utilized for the construction and refurbishment of parks and recreation facilities and the refurbishment of othermunicipal facilities.”
1. The variances in expenditures between budget and actual are substantial. What is the most likely explanation?
2. A schedule of long‐term debt payable (in the statistical section of the report) indicates that only $7 million, of parks, recreation, and municipal capital improvement bonds were authorized and issued. How do you reconcile that amount with the proceeds from bonds payable reported in the statement of revenues, expenditures, and changes in fund balance?
3. Another schedule of transfers between funds (in the same section) indicates that $131 thousand was transferred to the general fund. What conclusions can you draw about whether interest on fund investments must be used either to repay the capital improvement bonds or to construct and refurbish city facilities?
4. How much of fund resources did the government spend during the year on capital improvements?
5. How do you explain the absence in the balance sheet of “construction in process?”
6. Why is a major portion of the fund balance “restricted?”

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)

A city engaged in the following transactions during a year:
1. It acquired computer equipment at a cost of $40,000.
It completed construction of a new jail, incurring $245,000 in new costs. In the previous year the city had incurred $2.5 million in construction costs. The project was accounted for in a capital projects fund
2. It sold for $16,000 land that it had acquired three years earlier for $28,000.
3. It traded in a four-year-old sanitation department vehicle for a new model. The old vehicle had initially cost $27,000, its carrying value at the time of trade was $17,000, and its market value was $13,000. The city paid an additional $39,000 cash for the new model. The fair value of the new model was $52,000.
Now let’s examine the results for Exercise 8-7, differentiating transactions of debt between the two entities. (a. = General Fund, b. = Governmentwide Statements)
1. City employees earned $7.7 million in vacation pay during the year, of which they took only $6.6 million. They may take the balance in the following three years.
2. The employees were paid $0.5 million for vacations that they had earned in previous years.
3. The city settled a claim brought against it during the year by a building contractor. The city agreed to pay $10 million immediately and $10 million at the end of the following year.
4. The city issued $100 million in general obligation bonds at par.
5. It paid $4 million in debt service. Of this, $3 million was for the first payment of interest, the balance for repayment of principal.

ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX

ACC 548 Week 3 Textbook Problem 7-6

P. 7-6
The schedule of capital assets has a significant impact on the reconciliations between fund and government-wide statements.
1. As required by GASB Statement No. 34, the annual report includes reconciliations between: (1) total fund balance, governmental funds (per the funds statements), and net position of governmental activities (per the government-wide statements); and (2) net change in fund balance, governmental funds (per the funds statements), and change in net position of governmental activities (per the government-wide statements). In what way would the data provided in the accompanying schedules be incorporated into the two reconciliations? Be specific.
2. The amount deleted from the equipment account ($452,194) exactly equals the amount deleted from the related accumulated depreciation account. Is this merely a coincidence? Would the amounts always be the same?
3. Based simply on the amount of equipment retired, what would you estimate to be the average useful life of the equipment? Is this reasonable

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

Fiduciary Fund Problem
1. Journal entries—Private purpose trust fund
2. Closing entries
3. Statement of fiduciary net assets

ACC 548 ACC548 ACC/548 ENTIRE COURSE HELP – UNIVERSITY OF PHOENIX

ACC 548 Week 5 Accounting for Not-for-Profit Organizations Presentation

ACC 548 Week 5 Accounting for Not-for-Profit Organizations
Prepare a Power Point presentation of between 12 to 15 slides accomplishing the following:
• Describe the purposes, characteristics, funding and accounting for not-for-profit organizations.
• Differentiate accounting between private and government not-for-profit organizations.
• Describe the purpose, characteristics, funding and accounting for colleges and universities.
• Describe the purpose, characteristics, funding and accounting for hospitals and other health care providers.
Click the Assignment Files tab to submit your assignment.

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)

P12-8 (pg. 584) & EX13-1 (1,2,3,4,5,8,9,10 MC
 WEEK FIVE TEXT BOOK PROBLEMS
P12-8 (pg. 584) & EX13-1 (1,2,3,4,5,8,9,10 MC
P. 12-8
The financial condition of a not-for-profit can be assessed, in part, with traditional financial ratios.
Review the financial statements of the March of Dimes for 2013 as presented in Table 12-8.
1. Comment as best you can (even in the absence of guidelines as to what constitutes norms for comparable foundations) on the fiscal strength of the organization as of December 31, 2013, with respect to:
1. Liquidity
2. Burden of debt relative to assets
3. Adequacy of available resources to meet expenditures
4. Current fiscal performance as indicated by surpluses or deficits
5. Riskiness of revenue stream
2. Comparing 2013 versus 2012’s results, do you see any changes that could be detrimental to the foundation’s ability to achieve its mission?
EX. 13-1
Select the best answer.
1. For purposes of external reporting, private colleges and universities
2. For purposes of external reporting, a public college or university
3. Public universities should report state appropriations as
4. Coleman College, a not-for-profit institution, issued $20 million in revenue bonds. Per the terms of the bond indenture, the college must maintain a cash reserve of $800,000—which is equal to six months of interest. The cash that is set aside should be classified as
5. For purposes of internal reporting Briggs College accounts for its bookstore as an auxiliary enterprise. The college should classify the store’s inventory as
8.
Which of the following expenses would least likely be a line item on the statement of activities of a not-for-profit college?
9. A public college should most likely report its athletic foundation as which of the following in its financial statements under GASB 39:
10. If a university receives a grant to test a product under a federal contract, but the government retains the patent to the product, the grant should be classified as a(n):

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