Questions from Accounting for Government and Non-Profit


Q: What schedules or other information does the government report as “required

What schedules or other information does the government report as “required supplementary information” (RSI)?

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Q: Does the report contain all of the statistical information?

Does the report contain all of the statistical information?

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Q: The City of Acton maintains a defined contribution pension plan for its

The City of Acton maintains a defined contribution pension plan for its employees. Employees contribute 6 percent of their salaries; the city contributes 8 percent. The city has fiduciary duty for the...

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Q: How should an employer determine the amount to report on its government

How should an employer determine the amount to report on its government-wide statements as its pension liability?

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Q: How should it determine its expense in full accrual statements?

How should it determine its expense in full accrual statements?

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Q: What are the key features of a performance audit report?

What are the key features of a performance audit report?

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Q: What is a cost-sharing plan? What does an employer

What is a cost-sharing plan? What does an employer who is a member of a cost-sharing plan have to report as a pension obligation?

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Q: Why are the problems of accounting for postemployment health care benefits similar

Why are the problems of accounting for postemployment health care benefits similar to those of accounting for pensions? Why, however, are they even less tractable?

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Q: Why is it likely that unfunded actuarial liabilities for postemployment health benefits

Why is it likely that unfunded actuarial liabilities for postemployment health benefits of many governments will be greater than the correspondingly unfunded actuarial liabilities for pensions, even t...

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Q: What is the distinction, as drawn by the GASB, between

What is the distinction, as drawn by the GASB, between a fiduciary fund and a permanent fund?

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