Questions from Accounting for Government and Non-Profit

Q: Explain how strategic planning, budgeting, and performance measurement can be

Explain how strategic planning, budgeting, and performance measurement can be integrated in a government and why this integration is desirable.

Q: What is the difference between two types of line-item budgeting

What is the difference between two types of line-item budgeting approaches—incremental budgeting and zero-based budgeting? Which of the two approaches is more widely used by governments?

Q: Describe the advantages of performance budgeting and program budgeting over incremental budgeting

Describe the advantages of performance budgeting and program budgeting over incremental budgeting in a governmental entity.

Q: As a certified public accountant, you have been asked by a

As a certified public accountant, you have been asked by a group of local citizens to assist in establishing a not-for-profit organization for the purpose of raising funds to keep their neighborhood s...

Q: Identify some essential components of an annual budget process for a state

Identify some essential components of an annual budget process for a state or local government.

Q: What advantages does total quality management (TQM) offer a government

What advantages does total quality management (TQM) offer a government? Is it fundamentally a budget approach?

Q: Discussion at a local meeting of government financial officers centered on using

Discussion at a local meeting of government financial officers centered on using a balanced scorecard to present information to the public on the government’s Web site. Describe the components of a ba...

Q: Distinguish between program services expenses and supporting services expenses. Why is

Distinguish between program services expenses and supporting services expenses. Why is it important that NPOs report expenses for program services separately from those for supporting services?

Q: What criteria must be met before donated services can be recorded as

What criteria must be met before donated services can be recorded as contribution revenue and an expense? Give an example of a service that might qualify as a donated service for accounting purposes....

Q: What are special events? Give a few examples. Are special

What are special events? Give a few examples. Are special events conducted by the NPO reported differently on the statement of activities than special events conducted by an organization that is indep...