Questions from Accounting for Government and Non-Profit

Q: Does the government report pension liabilities? If so, in which

Does the government report pension liabilities? If so, in which fund or funds?

Q: Does the CAFR indicate the actuarial value of plan assets and liabilities

Does the CAFR indicate the actuarial value of plan assets and liabilities? Are the plans over- or underfunded?

Q: Does the CAFR include the financial statements of the pension plans?

Does the CAFR include the financial statements of the pension plans? Does it indicate that the pension plans issue their own reports and that these are publicly available?

Q: Did the pension fund investments have a “good year”?

Did the pension fund investments have a “good year”?

Q: Does the CAFR indicate that the government provides other postemployment benefits?

Does the CAFR indicate that the government provides other postemployment benefits? If so, what is the nature of these benefits? How are they reported?

Q: Does the government maintain any agency funds? How many and for

Does the government maintain any agency funds? How many and for what purposes?

Q: You have been given the responsibility of assigning a bond rating to

You have been given the responsibility of assigning a bond rating to a municipal parking garage. Indicate the type of information you would consider essential to your assessment, noting in particular...

Q: In government-wide statements, enterprise funds are reported differently than

In government-wide statements, enterprise funds are reported differently than are internal service funds. Explain why and justify.

Q: Enterprise funds are also reported differently than are internal service funds in

Enterprise funds are also reported differently than are internal service funds in the proprietary fund statements of net position, and in the statements of revenues, expenses, and changes in net posit...

Q: The Office of Economic Opportunity (OEO) designed “special impact

The Office of Economic Opportunity (OEO) designed “special impact programs” to reduce unemployment, dependency, and community tensions in urban areas with large concentrations of low‐income residents...