ACC 460 MASTER Possible Is Everything / acc460master.com

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ACC 460 MASTER Possible Is Everything /
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ACC 460 MASTER Possible Is Everything /
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ACC 460 Entire Course FOR MORE CLASSES
VISIT www.acc460master.com ACC 460 Week 1 Case
1-14 Research Case- Comparing Financial Reporting
Objectives ACC 460 Week 1 Ex 2-16 Matching Fund
Types with Fund Categories ACC 460 Week 1 Ex 3-22
Recording General Fund Operating Budget and
Operating Transactions ACC 460 Week 2 Team
Simulation Assignment ACC 460 Week 2 Exercise
4-15 Examine the CAFR ACC 460 Week 2 Exercise
7-16 Multiple Choice Assignment ACC 460 Week 2
Chapter 8-1, 8-2, 8-3 Question Assignment ACC 460
Week 3 Team Simulation Assignment ACC 460 Week 3
Chapter 9 Exercise 9-15 Examine the CAFR ACC 460
Week 3 Chapter 10 Exercise 10-20, Comparative
Ratios ACC 460 Week 3 Exercise 12-15, Multiple
Choice Assignment ACC 460 Week 4 Team Assignment
Not-for-Profit Financial Reporting
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ACC 460 Week 1 Case 1-14 Research Case-
Comparing Financial Reporting Objectives FOR MORE
CLASSES VISIT www.acc460master.com Review Ch. 1.
Case 1-14, Research Case-GASB. Write a 175- to
350-word response. Compare the financial
reporting needs of the resource providers of
government/not-for-profit organizations to the
financial reporting needs of the resource
providers of for-profit organizations. Click the
Assignment Files tab to submit your Microsoft
Word document. 1-14 Research CaseComparing
Financial Reporting Objectives. GASB Concepts
Statement No. 1, Objectives of Financial
Reporting, states that Accountability is the
cornerstone of all financial reporting in
government. FASB Statements of Financial
Accounting Concepts Statement No. 8, Conceptual
Framework for Financial Reporting, states that
The objective of general purpose financial
reporting is to provide financial information
about the reporting entity that is useful to
existing and potential investors, lenders, and
other creditors in making decisions about
providing resources to the entity.
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ACC 460 Week 1 Ex 2-16 Matching Fund Types with
Fund Categories FOR MORE CLASSES
VISIT www.acc460master.com Complete Exercise
2-16, Matching Fund Types with Fund Categories.
Click the Assignment Files tab to submit your
assignment. 2-16 Matching Fund Types with Fund
Categories. For each of the following fund types,
indicate its fund category by placing either GF
for governmental funds, PF for proprietary
funds, or FF for fiduciary funds in the space
provided before each item. Fund Type ______
Agency fund ______ Permanent fund ______ Debt
service fund ______ Internal service fund ______
Pension (and other employee benefit) trust fund
______ Special revenue fund ______ Enterprise
fund ______ General Fund ______ Investment trust
fund ______ Capital projects fund ______
Private-purpose trust fund
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ACC 460 Week 1 Ex 3-22 Recording General Fund
Operating Budget and Operating Transactions FOR
MORE CLASSES VISIT www.acc460master.com Complete
Exercise 3-22, Recording General Fund Operating
Budget and Operating Transactions (Requirements a
and b). Click the Assignment Files tab to submit
your assignment. 3-22 Recording General Fund
Operating Budget and Operating Transactions. The
Town of Bedford Falls approved a General Fund
operating budget for the fiscal year ending June
30, 2017. The budget provides for estimated
revenues of 2,700,000 as follows property
taxes, 1,900,000 licenses and permits,
350,000 fines and forfeits, 250,000 and
intergovernmental (state grants), 200,000. The
budget approved appropriations of 2,650,000 as
follows General Government, 500,000 Public
Safety, 1,600,000 Public Works, 350,000
Culture and Recreation, 150,000 and
Miscellaneous, 50,000. Required Prepare the
journal entry
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ACC 460 Week 2 Chapter 8-1, 8-2, 8-3 Question
Assignment FOR MORE CLASSES VISIT www.acc460master
.com Complete the following questions in Ch. 8 in
in 90 to 175 words each 8-1 8-2 8-3 on p.
339 Click the Assignment Files tab to submit your
assignment. 8-1. Explain the distinction(s)
between agency funds and trust funds. What
financial statements are prepared for each? 8-2.
Identify the different types of trust funds and
explain the purpose of each type. 8-3. Describe
the basic activities conducted by a tax agency
fund. What are some of the issues that make tax
agency fund accounting complex?
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ACC 460 Week 2 Exercise 4-15 Examine the
CAFR FOR MORE CLASSES VISIT www.acc460master.com C
omplete the following in Exercise 4-15 a. (1)
b. (1) c. (1) Download a copy of the most
recent Comprehensive Annual Financial Report
(CAFR) for a city of your choice. Note many
cities with 25,000 or more population provide
Internet access to their CAFRs to answer. Click
the Assignment Files tab to submit your
assignment. 4-15 Examine the CAFR. Utilizing the
comprehensive annual financial report obtained
for Exercise 1-16, follow these instructions.
Governmental Activities, Government-wide Level.
Answer the following questions. (1) Are
governmental activities reported in a separate
column from business-type activities in the two
government-wide financial statements? (2) Are
assets and liabilities reported either in the
relative order of their liquidity or on a
classified basis on the statement of net
position? (3) Is information on expenses for
governmental activities presented at least at the
functional level of detail? (4) Are program
revenues segregated into (a) charges for
services, (b) operating grants and contributions,
and (c) capital grants and contributions on the
statement of activities? General Fund. Answer the
following questions.
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ACC 460 Week 2 Exercise 7-16 Multiple Choice
Assignment FOR MORE CLASSES VISIT www.acc460master
.com Complete the following multiple choice
questions in Exercise 7-16, p. 294 1-10 Click
the Assignment Files tab to submit your
assignment. Multiple Choice. Choose the best
answer. 1. Within the government-wide financial
statements, the column for Business-type
Activities will generally include a. Internal
service funds only. b. Enterprise funds only. c.
All internal service fund and enterprise fund
transactions added together and accounted for on
the accrual basis of accounting. d. All
enterprise fund transactions and only the
internal service fund transactions undertaken
with governmental funds on the accrual basis of
accounting. 2. Which of the following would most
likely be accounted for in an internal service
fund? a. The city pool. b. The city's
investments, which are pooled with the county's
and the school district's investments. c. An
asphalt plant used to supply the asphalt needed
to resurface the city's streets.
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ACC 460 Week 2 Team Simulation Assignment FOR
MORE CLASSES VISIT www.acc460master.com Access
the McGraw-Hill Connect simulation. Each team
member must complete the simulation activity.
This week you will complete Ch. 1, 2, and 3,
which can be found in the Connect Guide. Discuss,
as a team, your experiences and key concepts
learned. Each team member will receive points, at
the instructor's discretion, for completing the
simulation and contributing to the discussion
Complete the City of Smithville problems using
the Connect Guide Chapter 1 Introducing the
(Short Version) of the City of Smithville
Cumulative Problem. Chapter 2 Opening the
Books. Chapter 3 Recording the Annual Budget.
Submit a PDF version of the post-closing trial
balance for 2016, the pre-closing subsidiary
ledgers, and pre-closing General Fund trial
balance for 2017. Click the Assignment Files tab
to submit your assignment.
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ACC 460 Week 3 Chapter 9 Exercise 9-15 Examine
the CAFR FOR MORE CLASSES VISIT www.acc460master.c
om Utilize the CAFR obtained for 4-15 in Week 2.
Complete the following in Exercise 9-15 A B
(1) C on p. 397 Click the Assignment Files tab
to submit your assignment. Examine the CAFR.
Utilizing the CAFR obtained for Exercise 1-16 and
your answers to the questions asked in Exercise
1-16 and the corresponding exercises in Chapters
2 through 8, comment on the following a.
Analysis of Introductory Section. Does the report
contain all of the introductory material
recommended by the GASB? Is the introductory
material presented in such a manner that it
communicates significant information
effectivelydo you understand what the government
is telling you? On the basis of your study of the
entire report, do you think the introductory
material presents the information fairly? Comment
on any information in the introductory section
you feel is unnecessary, and explain why. b.
Analysis of Financial Statements. 1. Do the
statements, notes, and schedules in the financial
section present the information required by the
GASB? Are Total columns provided in the basic
financial statements and schedules for the
primary government and the reporting entity? .
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ACC 460 MASTER Possible Is Everything /
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ACC 460 Week 3 Chapter 10 Exercise 10-20,
Comparative Ratios FOR MORE CLASSES
VISIT www.acc460master.com Complete the following
in Exercise 10-20 a and b, p. 436 Limit the
number of financial performance measures to three
for the City of Arborland. Click the Assignment
Files tab to submit your assignment. Comparative
Ratios. The government-wide financial statements
for the City of Arborland for a three-year period
are presented on the following pages.
Additional information follows o Population
Year 2017 30,420, Year 2016 28,291, Year 2015
26,374. o Debt limit remained at 20,000,000 for
each of the three years. Net cash from operations
is generally 80 percent of total revenues each
year. Required a. Which of the financial
performance measures in Illustration 10-4 can be
calculated for the City of Arborland based on the
information that is provided? b. Calculate those
ratios identified in part a for FY 2017. Show
your computations. c. Provide an overall
assessment of the City of Arborland's financial
condition using all the information provided,
both financial and nonfinancial. Use information
from the prior years to form your assessment.
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ACC 460 MASTER Possible Is Everything /
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ACC 460 Week 3 Exercise 12-15, Multiple Choice
Assignment FOR MORE CLASSES VISIT www.acc460master
.com Complete the multiple choice questions in
Exercise 12-15, p. 510 1-10 Click the
Assignment Files tab to submit your assignment.
Multiple Choice. Choose the best answer. 1.
Budgets of government entities a. Are integrated
with the financial accounting system. b. Enable
governments to demonstrate compliance with laws
and to communicate performance effectiveness. c.
Are adopted by governments after required public
hearings. d. All of the above. 2. Which of the
following statements regarding budgets of
not-for-profit organizations is true? a.
Not-for-profit organization budgets are legal
documents reflecting plans for spending
resources. b. A not-for-profit entity may choose
to prepare a budget to demonstrate accountability
to its resource providers, such as donors and
grantors. c. The budgeting approaches used for
governments generally cannot be used by
not-for-profit entities. d. All of the above
statements are true.
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ACC 460 Week 3 Team Simulation Assignment FOR
MORE CLASSES VISIT www.acc460master.com Access
the McGraw-Hill Connect simulation. Each team
member must complete the simulation activity.
This week you will complete Ch. 4, which can be
found in the Connect Guide. Discuss, as a team,
your experiences and key concepts learned. Each
team member will receive points, at the
instructor's discretion, for completing the
simulation and contributing to the discussion
Complete the City of Smithville problems using
the Connect Guide Chapter 4 Recording
Operating Transactions Affecting the General Fund
and Governmental Activities at the
Government-wide Level. Submit a PDF version of
the post-closing trial balance for 2016, the
pre-closing subsidiary ledgers, and pre-closing
General Fund trial balance for 2017. Click the
Assignment Files tab to submit your assignment.
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ACC 460 Week 4 Chapter 14-1, 14-4 FOR MORE
CLASSES VISIT www.acc460master.com Complete
questions 14-1 and 14-4 in approximately 30 to 90
words each. Click the Assignment Files tab to
submit your assignment. 14-1 Identify which
level(s) of government regulate(s) NFP
organizations and identify the source of
authority. 14-4 What are the distinguishing
characteristics between a public charity and a
private foundation? What is a public support test
and how does it relate to public charities and
private foundations?
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ACC 460 Week 4 Exercise 13-14, Multiple Choice
Assignment FOR MORE CLASSES VISIT www.acc460master
.com Complete the multiple choice questions in
Exercise 13-14, p. 563 1-10 Click the
Assignment Files tab to submit your assignment.
Multiple Choice. Choose the best answer. 1. Which
of the following organizations would be
considered a nongovernmental not-for-profit
organization? a. An organization that provides
shelter for men who have been victims of domestic
violence and has been designated as a
not-for-profit organization by the IRS. The board
of trustees is composed of county commissioners,
but in the case of the dissolution of the
organization, any remaining funds would be
donated to the United Way. Funding for the
organization comes entirely from contributions.
b. An organization that provides services to
persons who wish to learn English as their second
language. The organization is incorporated and is
funded
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ACC 460 MASTER Possible Is Everything /
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ACC 460 Week 4 Exercise 13-20 Recording Revenue
and Related Expense Transactions FOR MORE CLASSES
VISIT www.acc460master.com Complete the following
questions in Exercise 13-20, p. 570 1-5 Click
the Assignment Files tab to submit your
assignment. Recording Revenue and Related Expense
Transactions. The Shannon Community Kitchen
provides hot meals to homeless and low-income
individuals and families it is the
organization's only program. It is the policy of
the community kitchen to use temporarily
restricted resources for which the purpose has
been met before unrestricted resources. The
Kitchen had the following revenue and expense
transactions during the 2017 fiscal year. 1.
Unrestricted cash donations of 25,000 were
received. A local philanthropist also contributed
3,000, which was to be used for the purchase of
Thanksgiving dinner foodstuffs. 2. A local
grocery store provided fresh produce with a fair
value of 100. The produce was immediately used.
3. Volunteers from the local university
contributed 100 hours to preparation and serving
of meals..
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ACC 460 Week 4 Team Assignment Not-for-Profit
Financial Reporting Paper FOR MORE CLASSES
VISIT www.acc460master.com Analyze the financial
statements and audit report of a not-for-profit
organization readily and publically available on
an active website. Create a 700- to 1,050-word
overview of one not-for-profit organization in an
area of interest to your team and review the
financial statements and audit report for the
organization. Address the following Evaluate how
the selected not-for-profit's financial
statements conform to Financial Accounting
Standards Board (FASB) guidance in Statement No.
117, Financial Statements of Not-for-Profit
Organizations. Compare the organization's
reporting of pledges and contributions to its
reporting of exchange transactions. How should
they be recorded and subsequently reported in the
financial statements
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ACC 460 Week 5 Ch. 16 Exercise 16-19 Revenue and
Related Transactions FOR MORE CLASSES
VISIT www.acc460master.com Complete Exercise
16-19, a and b, p. 679. Click the Assignment
Files tab to submit your assignment. Revenue and
Related Transactions. During its current fiscal
year, Evanston General Hospital, a not-for-profit
health care organization, had the following
revenue-related transactions (amounts summarized
for the year). 1. Services provided to inpatients
and outpatients amounted to 9,600,000, of which
450,000 was for charity care, 928,000 was paid
by uninsured patients, and 8,222,000 was billed
to Medicare, Medicaid, and insurance companies.
2. Donated pharmaceuticals and medical supplies
valued at 265,000 were received and utilized as
general expenses. 3. Medicare, Medicaid, and
third-party payors (insurance companies) approved
and paid 5,365,000 of the 8,222,000 billed by
the hospital during the year (see transaction 1).
4. An unconditional contribution of 5,000,000
was received
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ACC 460 Week 5 Library Assignment FOR MORE
CLASSES VISIT www.acc460master.com Access the
University Library. Research a current article
regarding accounting in government. Write a
summary of the article in 350 to 700 words. Apply
concepts you've learned in this course to
assessing the content of the article and any
outcomes the article describes. Click the
Assignment Files tab to submit your Microsoft
Word document.
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ACC 460 Week 5 Question 15-1 FOR MORE CLASSES
VISIT www.acc460master.com Complete Question
15-1, p. 632, in approximately 30 to 90 words.
Click the Assignment Files tab to submit your
assignment. Identify the financial statements
that must be prepared by a private college or
university and those that must be prepared by a
public college or university.
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ACC 460 Week 5 Team Key Concept Presentation FOR
MORE CLASSES VISIT www.acc460master.com Create a
slide presentation of 10 to 12 slides. Address
the following Examine FASB financial reporting
requirements for a private college. Apply
basics of GAAP pertaining to categorizing
restrictions on net assets. Evaluate whether
the entity is subject to the requirements of the
Single Audit Act and the provisions of Office of
Management and Budget. Click the Assignment Files
tab to submit your assignment.
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ACC 460 Week 5 Team Problem 15-17 Private
College Transactions FOR MORE CLASSES
VISIT www.acc460master.com Complete questions
15-17, a and b. Click the Assignment Files tab to
submit your assignment. Private College
Transactions. Steiner College's statement of
financial position for the year ended June 30,
2016, is presented here. Steiner is a private
college. The following transaction information
(amounts in thousands) pertains to the year ended
June 30, 2017. 1. During the year charges for
tuition and fees were 244,500 scholarships were
16,300 and tuition waivers for scholastic
achievement were 5,100. After payment was
received, tuition refunds of 11,200 were given.
Tuition waivers of 17,300 for students serving
as teaching assistants for instruction were
accrued. 2. The college received unrestricted
cash contributions of 2,080, pledges to be
collected in 2018 of 550, and cash contributions
to the endowments of 335. It also collected 820
of Pledges Receivable that were unrestricted. 3.
Collections on Tuition and Fees Receivable
totaled 222,600 4. Net deposits returned to
students totaled 10. 5
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