Questions from Accounting for Government and Non-Profit

Q: Transaction data related to the City of Chambers’s issuance of serial bonds

Transaction data related to the City of Chambers’s issuance of serial bonds to finance street and park improvements follow. Utilizing worksheets formatted as shown at the end of the...

Q: Explain the reporting requirements for internal service funds and enterprise funds.

Explain the reporting requirements for internal service funds and enterprise funds.

Q: Examine the Governmental Accounting Standards Board’s Web site (www.gasb

Examine the Governmental Accounting Standards Board’s Web site (www.gasb.org) and prepare a brief report about its mission and structure and the representative organizations on its advisory council. C...

Q: When would a city establish an internal service fund? An enterprise

When would a city establish an internal service fund? An enterprise fund?

Q: A member of the city commission insists that the city’s internal service

A member of the city commission insists that the city’s internal service fund prepare and submit a budget for commission approval. The commissioner argues that it is only through the budget that the c...

Q: How does GASB reporting of uncollectible accounts for governmental funds and proprietary

How does GASB reporting of uncollectible accounts for governmental funds and proprietary funds differ from the reporting of uncollectible accounts under FASB standards?

Q: What is the purpose of the Restricted Assets section of an enterprise

What is the purpose of the Restricted Assets section of an enterprise fund statement of fund net assets? Provide examples of items that might be reported in the Restricted Assets section.

Q: Explain how capitalization of interest costs differs for enterprise funds as opposed

Explain how capitalization of interest costs differs for enterprise funds as opposed to governmental funds.

Q: How does the statement of cash flows under GASB standards differ from

How does the statement of cash flows under GASB standards differ from the statement of cash flows under FASB standards?

Q: What are regulatory accounting principles and how do they relate to enterprise

What are regulatory accounting principles and how do they relate to enterprise fund accounting?