Questions from Accounting for Government and Non-Profit

Q: With regard to service efforts and accomplishments reporting, define the following

With regard to service efforts and accomplishments reporting, define the following terms: a. Service efforts. b. Service accomplishments. c. Inputs. d. Outputs. e. Outcomes. f. Efficiency measur...

Q: What is the role of a bond-rating agency?

What is the role of a bond-rating agency?

Q: Describe the purpose of ratio analysis. What is common size analysis

Describe the purpose of ratio analysis. What is common size analysis?

Q: Identify the three categories of users of governmental financial statements and describe

Identify the three categories of users of governmental financial statements and describe the information needs of each.

Q: The state government established a capital project fund in 2016 to build

The state government established a capital project fund in 2016 to build new highways. The fund is supported by a 5 percent tax on diesel fuel sales in the state. The tax is collected by private gas s...

Q: Presented below are the computed amounts of ratios for the Village of

Presented below are the computed amounts of ratios for the Village of Riverside example appearing in the chapter. * Population and property values are disclosed in the statistical sectio...

Q: Presented below are financial statements (except cash flows) for two

Presented below are financial statements (except cash flows) for two not-for-profit organizations. Neither organization has any permanently restricted net assets. a. Calculate the following ra...

Q: With regard to the Government Auditing Standards: a. Differentiate

With regard to the Government Auditing Standards: a. Differentiate among the different types of professional engagements. b. Assume you are auditing a city that has a summer youth employment progra...

Q: You have been assigned the task of writing the audit report for

You have been assigned the task of writing the audit report for the City of X. The scope includes the basic financial statements, although the report is attached to a complete Comprehensive Annual Fin...

Q: With respect to the Single Audit Act of 1984 and amendment of

With respect to the Single Audit Act of 1984 and amendment of 1996 relating to state and local governments and not-for-profit organizations: a. Distinguish between major and nonmajor programs. b. Li...