What are some examples of government sources of revenue? How are these sources accounted for? DQ2 What is an interfund transfer? Why would government entity transfer money from one fund to another? How are interfund transfers reported on a financial report?
Statement No. 116 requires not-for-profit organizations to: -- distinguish between contributions received that increase permanently restricted net assets, temporarily restricted net assets, and unrestricted net assets -- recognition of the expiration of donor-imposed restrictions -- disclosures for collection items not capitalized and for receipts of contributed services and promises to give (FINANCIAL ACCOUNTING STANDARDS BOARD, 2008). Statement No. 117 consists of detailed information about the generally accepted accounting principles with regard to how contributions are reported on financial statements. Statement No.
2. Given the following Euro to $ Exchange rate of 1.46, what is the information contained in this quote? If the Purchasing Power Parity Theory is correct, what is true about the relationship between the US dollar and the Euro at this exchange rate? 3. A US multinational company is required to report its financial results in US dollars.
Week 2 Discussion Questions DQ#1: How do you define strategic planning? What are some differences between strategic and financial planning? What financial problems might an organization encounter when implementing a strategic plan? I believe strategic planning is the process, which takes place to set organizational goals to meet the expectations of the mission and direction of the organization. Strategic planning focuses on the long-term goals of an organization, therefore it differs from financial planning.
First, we should have more understanding of the Federal Budget. Our Federal Budget is technically based on three budgets. The first is the actual political document which dispenses the income for special groups and regions (example social security and school loans) and places taxes on others. Second, a reflection of goals of what the Government wants to achieve which maybe to help other organizations with situations like tax breaks. Or the envisioned way the Government controls the Macro economy.
14-24. The purpose of the dividends received deduction is to reduce the amount of taxable events when a company earns a profit and pays dividends to shareholders. The dividends that qualify for this deduction are those paid out of the corporate earnings by domestic corporations subject to the US corporate income tax. 14-51. The purpose of the reconciliation of taxable income with book income would be to establish ascertain temporary and permanent differences.
Public Safety Fund and Systems Development Charges Fund. Attempt to find out the nature and purpose of the projects from the letter of transmittal, the notes, or MD&A. What are the major sources of funding, such as bond sales, intergovernmental grants, and transfers from other funds? Were the projects completed during the year? Yes b.
Chapter 01 The Role of the Public Accountant in the American Economy Multiple Choice Questions 1. A summary of findings rather than assurance is most likely to be included in a(n): A. Agreed-upon procedures report. B. Compilation report. C. Examination report.
BUS 650 UOP Course Homework Aid Managerial Finance /Complete Class Click Link below To Purchase Entire Class: http://homework.aid.com/BUS.650.Managerial.Finance.Complete.Class.Assignments.and.DQs.266.htm BUS 650 Week 1 DQ 1 The Role of Financial Management in a Firm Examine the role of management as it relates to finance in a corporation. In your post, discuss the role of management by addressing the following prompts: Explain the various aspects of finance that management must understand. Describe why a manager needs to understand the characteristics and importance of financial markets including their liquidity, competitiveness, and efficiency. Interpret the function of the Financial Balance Sheet in assisting in management’s decision
(Ortega, 1997). In order to understand the magnitudes of the change of distribution of public spending, we need to understand how economic stress affects state and local budgets. When a shift occurs will they raise taxes? Will they cut back on welfare spending? If taxes are raised, who gets the burden of the increase?