Questions from Accounting for Government and Non-Profit


Q: The Atkins Museum recently hired a new controller. His experience with

The Atkins Museum recently hired a new controller. His experience with managerial accounting and strong communication skills were extremely attractive. The new controller sent each member of the Board...

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Q: The Shannon Community Kitchen provides hot meals to homeless and low-

The Shannon Community Kitchen provides hot meals to homeless and low-income individuals and families; it is the organization’s only program. It is the policy of the community kitchen to use temporaril...

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Q: You have recently started working as the controller for a small county

You have recently started working as the controller for a small county. The county is preparing its financial statements for the comprehensive annual financial report and you have been given the follo...

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Q: The Art League is a not-for-profit organization dedicated

The Art League is a not-for-profit organization dedicated to promoting the arts within the community. There are two programs conducted by the Art League: (1) exhibition and sales of membersâ ...

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Q: What are the three broad categories of service efforts and accomplishments (

What are the three broad categories of service efforts and accomplishments (SEA) measures?

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Q: Explain the GASB’s role in developing standards for SEA reporting.

Explain the GASB’s role in developing standards for SEA reporting.

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Q: What criteria must be met before a not-for-profit

What criteria must be met before a not-for-profit organization can record donated services? If the criteria are met, how should donated services be recorded? Give examples to support your answer....

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Q: How might activity-based costing (ABC) be useful in

How might activity-based costing (ABC) be useful in a government setting?

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Q: In partnership with Jefferson County, Mound City recently established a Native

In partnership with Jefferson County, Mound City recently established a Native American Heritage Center and Museum, organized as a tax-exempt not-for-profit organization. Although the facility does no...

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Q: A small city has been awarded a federal grant, and the

A small city has been awarded a federal grant, and the finance director is curious as to what costs might be allowable under the grant. To what source could the finance officer go to determine what co...

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