Questions from Accounting for Government and Non-Profit

Q: Why may an organization foment conflict merely by establishing specific objectives?

Why may an organization foment conflict merely by establishing specific objectives?

Q: Did the government generate revenue from traffic fines? As best you

Did the government generate revenue from traffic fines? As best you can tell, are these revenues reported in the government-wide statements as program revenues (e.g., associated with police or public...

Q: How are revenues from property taxes accounted for, i.e

How are revenues from property taxes accounted for, i.e., as a single amount, or in multiple categories? Identify the various categories and indicate the percentage breakdown (e.g., residential proper...

Q: What is the government’s property tax rate?

What is the government’s property tax rate?

Q: What is the total fund balance in the general fund? Can

What is the total fund balance in the general fund? Can this amount be appropriated and spent for any purpose? Explain.

Q: The GASB requires a government to prepare budgetary comparisons for its general

The GASB requires a government to prepare budgetary comparisons for its general fund and major special revenue funds that have a legally adopted annual budget. The city for which you work does not hav...

Q: In your government, appropriations for goods and services that remain encumbered

In your government, appropriations for goods and services that remain encumbered at year‐end are automatically carried forward to the next year. Thus, the budget for the following year must include th...

Q: Your government is permitted to amend the budget even after the end

Your government is permitted to amend the budget even after the end of the year. When presenting the final actual‐to‐budget comparisons, is it permitted to include the amendments that were adopted aft...

Q: The following schedule shows the amounts (in thousands) related to

The following schedule shows the amounts (in thousands) related to expenditures that a city welfare department debited and credited to the indicated accounts during a year (not necessarily the year&ac...

Q: The following schedule shows the amounts related to supplies that a city

The following schedule shows the amounts related to supplies that a city debited and credited to the indicated accounts during a year (not necessarily the year‐end balances), excludi...