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Title: ACCT 567(Keller) Your world/uophelp.com


1
ACCT 567 Your world/uophelp.com
  • For more course tutorials visit
  • www.uophelp.com

2
ACCT 567 Entire Course (Keller)
For more course tutorials visit www.uophelp.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

3
ACCT 567 Week 1 Exercises (Keller)
For more course tutorials visit www.uophelp.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 (Keller)
For more course tutorials visit www.uophelp.com
  • ACCT567 Case Study I (Week 2)
  • 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

5
ACCT 567 Week 2 Problems 3-9 and 4-4, 4-6, 4-10
(Keller)
For more course tutorials visit www.uophelp.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 (Keller)
For more course tutorials visit www.uophelp.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 Ford ache.
  • 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 course tutorials visit www.uophelp.com
  • ACCT 567 Week 3 Test All Questions and Answers

8
ACCT 567 Week 4 Midterm Exam (Keller)
For more course tutorials visit www.uophelp.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 (Keller)
For more course tutorials visit www.uophelp.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
(Keller)
For more course tutorials visit www.uophelp.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
  • City of Shipley
  • Employees Retirement Fund
  • Statement of Net Assets

11
ACCT 567 Week 5 Homework Case study (Keller)
For more course tutorials visit www.uophelp.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?

12
ACCT 567 Week 5 Problems 8-4 and 9-4 (Keller)
For more course tutorials visit www.uophelp.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.

13
ACCT 567 Week 5 Test All Questions and Answers
(Keller)
For more course tutorials visit www.uophelp.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

14
ACCT 567 Week 6 Problem 12-4 (Keller)
For more course tutorials visit www.uophelp.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 (Keller)
For more course tutorials visit www.uophelp.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 Exams (Keller)
For more course tutorials visit www.uophelp.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.In the period
    the interfund receivable and payable arise.

17
ACCT 567 Your world/uophelp.com
  • For more course tutorials visit
  • www.uophelp.com
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