Category Archives: ACC 548 (NEW)

ACC 548 Week 6 Federal Budgeting and Accounting (Paper and PPT) NEW

ACC 548 Week 6 Federal Budgeting and Accounting (Paper and PPT) NEW

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

For more Assignments visit

http://www.assignmentcloud.com

ACC 548 Week 5 Not-for-Profit Organizations Sources of Funding and Primary Expenditures NEW

ACC 548 Week 5 Not-for-Profit Organizations Sources of Funding and Primary Expenditures NEW

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.
Related Tutorials

For more Assignments visit

http://www.assignmentcloud.com

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

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

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.

For more Assignments visit

http://www.assignmentcloud.com

ACC 548 Week 4 Permanent and Fiduciary NEW

ACC 548 Week 4 Permanent and Fiduciary NEW

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)

For more Assignments visit

http://www.assignmentcloud.com

ACC 548 Week 4 Pensions NEW

ACC 548 Week 4 Pensions NEW

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.

For more Assignments visit

http://www.assignmentcloud.com

ACC 548 Week 4 DQs NEW

ACC 548 Week 4 DQs NEW

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?

For more Assignments visit

http://www.assignmentcloud.com

ACC 548 Week 3 Proprietary Funds NEW

ACC 548 Week 3 Proprietary Funds NEW

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.

 

For more Assignments visit

http://www.assignmentcloud.com

ACC 548 Week 3 Assignment E7-3, E8-4 NEW

ACC 548 Week 3 Assignment E7-3, E8-4 NEW

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.

For more Assignments visit

http://www.assignmentcloud.com

ACC 548 Week 2 Sources of Revenue NEW

ACC 548 Week 2 Sources of Revenue NEW

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.

For more Assignments visit

http://www.assignmentcloud.com

ACC 548 Week 2 Government Funds NEW

ACC 548 Week 2 Government Funds NEW

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.

 

For more Assignments visit

http://www.assignmentcloud.com