ACCT 567 expert tutor/ indigohelp - PowerPoint PPT Presentation

About This Presentation
Title:

ACCT 567 expert tutor/ indigohelp

Description:

ACCT 567 Week 1 Exercises ACCT 567 Week 2 Case Study I ACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10 ACCT 567 Week 3 Problems 5-3 and 6-5 ACCT 567 Week 4 Midterm Exam ACCT 567 Week 4 Problems 7-3 and 7-8 ACCT 567 Week 5 Case Study City of Shipley – PowerPoint PPT presentation

Number of Views:6
Slides: 18
Provided by: razz851

less

Transcript and Presenter's Notes

Title: ACCT 567 expert tutor/ indigohelp


1
ACCT 567 expert tutor/ indigohelp
2
ACCT 567 Entire Course
  • For more classes visit
  • www.indigohelp.com
  • ACCT 567 Week 1 Exercises
  • ACCT 567 Week 2 Case Study I
  • ACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10
  • ACCT 567 Week 3 Problems 5-3 and 6-5
  • ACCT 567 Week 4 Midterm Exam
  • ACCT 567 Week 4 Problems 7-3 and 7-8
  • ACCT 567 Week 5 Case Study City of Shipley
  • ACCT 567 Week 5 Homework Case study
  • ACCT 567 Week 5 Problems 8-4 and 9-4

3
ACCT 567 Week 1 Exercises
  • For more classes visit
  • www.indigohelp.com
  • From the textbook, complete the following
    problems.
  • Chapter 1 Exercise 13 Chapter 2 Exercises 23
    and 25 

4
ACCT 567 Week 2 Case Study I
  • For more classes visit
  • www.indigohelp.com
  • The General Fund of Middleville has presented you
    with the following trial balance as of June 30,
    2011.
  • Debits Credits
  • Cash 40,000
  • Taxes Receivable- Delinquent 142,000
  • Estimated Uncollectible Taxes- Delinquent 9,100
  • Interest and Penalties Receivable 32,000
  • Vouchers Payable 24,000
  • Budgetary Fund Balance-Reserve for Encumbrances
    10,200

5
ACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10
  • For more classes visit
  • www.indigohelp.com
  • From the textbook, complete the following
    problems.
  • Problems 3-9 and 4-4, 4-6, 4-10 

6
ACCT 567 Week 3 Problems 5-3 and 6-5
  • For more classes visit
  • www.indigohelp.com
  • Make all necessary entries in the appropriate
    governmental fund general journal and the
    government-wide governmental activities general
    journal for each of the following transactions
    entered into by the City of Fordache.
  • 1. The city received a donation of land that is
    to be used by Parks and Recreation for a park. At
    the time of the donation, the land had a fair
    value of 5,200,000 and was recorded on the
    donors books at a historical cost of 4,500,000.

7
ACCT 567 Week 3 Test All Questions and Answers
  • For more classes visit
  • www.indigohelp.com
  • ACCT 567 Week 3 Test All Questions and Answers  
         

8
ACCT 567 Week 4 Midterm Exam
  • For more classes visit
  • www.indigohelp.com
  • 1. (TCOs A and B) Fiduciary funds are to use
    which of the following measurement and basis of
    accounting? (Points 5)
  • Economic resource measurement focus and accrual
    basis of accounting.Current financial resources
    measurement focus and accrual basis of
    accounting.Economic resources measurement focus
    and modified accrual basis of accounting.None of
    the above, the fiduciary funds have no revenues.

9
ACCT 567 Week 4 Problems 7-3 and 7-8
  • For more classes visit
  • www.indigohelp.com
  • During the fiscal year ended September 30, 2011,
    the following transactions (summarized) occurred
  • 1. Employees were paid 290,000 wages in cash
    additional wages of 43,500 were withheld for
    federal income and social security taxes. The
    employers share of social security taxes
    amounted to 23,375.
  • 2. Cash remitted to the federal government during
    the year for withholding taxes and social
    security taxes amounted to 65,500.

10
ACCT 567 Week 5 Case Study City of Shipley
  • For more classes visit
  • www.indigohelp.com
  • The City of Shipley maintains an Employee
    Retirement Fund a single-employer, defined
    benefit plan that provides annuity and disability
    benefits. The fund is financed by a process that
    makes actuarially determined contributions from
    the citys General Fund and by contributions that
    are made by the employees. The General Fund is
    handling the administration of the retirement
    fund and it does not have any administrative
    expenses. The Statement of Net Assets for the
    Employees Retirement Fund as of July 1, 2011 is
    shown below
  •  

11
ACCT 567 Week 5 Homework Case study
  • For more classes visit
  • www.indigohelp.com
  • Case 8 - 1
  • a. When was CalPERS established?
  • b. What types of employers contribute to
    CalPERS?\
  • c. How many individuals are served by CalPERS?
  • d. How many and what types of funds are
    administered by CalPERS?
  • e. For the most recent reporting period, what is
    the value of total fiduciary assets?
  • f. For the most recent reporting period, what was
    the change in pension fund net assets?

12
ACCT 567 Week 5 Problems 8-4 and 9-4
  • For more classes visit
  • www.indigohelp.com
  • The county collector of Lincoln County is
    responsible for collecting all property taxes
    levied by funds and governments within the
    boundaries of the county. To reimburse the county
    for estimated administrative expenses of
    operating the tax agency fund, the agency fund
    deducts 1 percent from the collections for the
    town, the school district, and the townships. The
    total amount deducted is added to the collections
    for the county and remitted to the Lincoln County
    General Fund.
  • The Village of Dover administers a defined
    benefit pension plan for its police and fire
    personnel. Employees are not required to
    contribute to the plan. The village received from
    the actuary and other sources the following
    information about the Public Safety Employees
    Pension Fund as of December 31, 2011. 
  • .

13
ACCT 567 Week 5 Test All Questions and Answers
  • For more classes visit
  • www.indigohelp.com
  • 1.Question
  • (TCO F) Any activities that produce goods or
    services to be provided to other departments or
    other governmental units would be reported in
    which fund?
  • Enterprise Fund
  • Internal Service Fund
  • Advance Fund
  • Agency Fund
  • 2.Question
  • (TCO F) Government units use which fund type to
    account for services provided to the general
    public on a user-fee basis?
  • General Fund
  • Enterprise Fund
  • Internal Service Fund

14
ACCT 567 Week 6 Problem 12-4
  • For more classes visit
  • www.indigohelp.com
  • Quad-States Community Service Agency expended
    federal awards during the most recent fiscal year
    in the following amounts for the programs shown
  • Additional information indicates that Programs 4
    and 10 were audited as major programs in each of
    the two preceding fiscal years, with no audit
    findings reported.
  • Required

15
ACCT 567 Week 7 Problems 16-3 and 17-6
  • For more classes visit
  • www.indigohelp.com
  • Elizabeth College, a small private college, had
    the following transactions in fiscal year 2011.
  • 1. Billings for tuition and fees totaled
    5,600,000. Tuition waivers and scholarships of
    61,500 were granted. Students received tuition
    refunds of 101,670.
  • 2. During the year the college received
    1,891,000 cash in unrestricted private gifts,
    575,200 cash in temporarily restricted grants,
    and 1,000,000 in securities for an endowment.
  • 3. A pledge campaign generated 626,000 in
    unrestricted pledges, payable in fiscal year 2012.

16
ACCT 567 Week 8 Final Exam
  • For more classes visit
  • www.indigohelp.com
  • 1. (TCO A) On what should the government-wide
    financial statements report? (Points 5)
  • Net position and results of the financial
    operations of the government as a
    whole.Budgetary ComplianceThe cost of
    government servicesFiscal accountability
  • 2. (TCO B) According to GASB standards, when
    should transfers be recognized? (Points 5)
  • When earned.When collected in cash.When
    authorized by the budget ordinance.

17
ACCT 567 expert tutor/ indigohelp
Write a Comment
User Comments (0)
About PowerShow.com