Questions from Accounting for Government and Non-Profit

Q: Discuss some of the presentation differences between the operating statements of not

Discuss some of the presentation differences between the operating statements of not-for-profit and business-type governmental health care entities.

Q: Phyllis Gene is a certified human resource manager who serves on the

Phyllis Gene is a certified human resource manager who serves on the board of a local professional association of human resource managers. The association puts on an annual conference for its members...

Q: Tupper Memorial Hospital received from a donor a $50,000

Tupper Memorial Hospital received from a donor a $50,000 contribution and a $50,000 pledge payable in one year. The donor required that the funds be used for heart research. Explain differences in acc...

Q: What are assets limited as to use and how do they differ

What are assets limited as to use and how do they differ from restricted assets?

Q: What is premium revenue, and when is it recognized? Discuss

What is premium revenue, and when is it recognized? Discuss the recognition of revenue relative to the revenue recognition and matching concepts in accounting.

Q: What is the Patient Protection Affordability Act, and what impact has

What is the Patient Protection Affordability Act, and what impact has it had on NFP hospitals’ financial reporting and tax filing?

Q: Explain the role of the Government Accountability Office (GAO), the

Explain the role of the Government Accountability Office (GAO), the Department of the Treasury, and the Office of Management and Budget (OMB) in the financial accounting and reporting of the federal g...

Q: What are the components of the PAR and where would a federal

What are the components of the PAR and where would a federal agency go to find out the requirements for preparing a PAR?

Q: Compare the GAAP hierarchy for the federal government to that for state

Compare the GAAP hierarchy for the federal government to that for state and local governments (see Chapter 11).

Q: According to the FASAB conceptual framework, there are four objectives for

According to the FASAB conceptual framework, there are four objectives for federal financial reporting. Discuss the four objectives and explain why the focus of the FASAB objectives differs from that...