Questions from Accounting for Government and Non-Profit

Q: Distinguish between the accounting treatment of time-restricted pledges by private

Distinguish between the accounting treatment of time-restricted pledges by private and public sector colleges and universities.

Q: Define and outline the accounting required for each of the following types

Define and outline the accounting required for each of the following types of agreements: a. Charitable lead trusts. b. Charitable remainder trusts. c. Perpetual trust held by a third party.

Q: Jefferson County’s General Fund began the year 2017 with the following account

Jefferson County’s General Fund began the year 2017 with the following account balances: During 2017, Jefferson experienced the following transactions: 1. The budget was passed by...

Q: New City College reported deferred revenues of $482,000 as

New City College reported deferred revenues of $482,000 as of July 1, 2016, the first day of its fiscal year. Record the following transactions related to student tuition and fees and related scholars...

Q: Eastern University had the following transactions at the beginning of its academic

Eastern University had the following transactions at the beginning of its academic year: 1. Student tuition and fees were billed in the amount of $7,000,000. Of that amount, $4,500,000 was collected...

Q: Southeastern College began the year with endowment investments of $1,

Southeastern College began the year with endowment investments of $1,200,000 and $700,000 of restricted cash designated by a donor for capital additions. 1. During the year an additional $500,000 don...

Q: Describe the accounting treatment by hospitals and health care organizations for each

Describe the accounting treatment by hospitals and health care organizations for each of the following: a. Charity care. b. Uncollectible accounts. c. Contractual adjustments.

Q: Describe the accounting treatment by hospitals and health care organizations for property

Describe the accounting treatment by hospitals and health care organizations for property, plant, and equipment acquisitions using each of the following: a. Unrestricted resources. b. Temporarily r...

Q: For each of the following items, indicate where it would appear

For each of the following items, indicate where it would appear in the Statement of Operations for a private not-for-profit hospital: 1. The premium from a capitation agreement, whereby a hospital ag...

Q: Briefly describe the following items related to financial reporting by (

Briefly describe the following items related to financial reporting by (a) Private not-for-profit health care entities. (b) Government-owned health care entities. (c) Commercial health care entities:...