Questions from Accounting for Government and Non-Profit


Q: What is a split interest agreement, and why do you believe

What is a split interest agreement, and why do you believe a donor or a university would enter into such an agreement?

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Q: What are excessive benefits and what are the consequences of paying/

What are excessive benefits and what are the consequences of paying/receiving excessive benefits?

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Q: The financial manager of a not-for-profit child care

The financial manager of a not-for-profit child care center wants to improve the monthly report to the board and has decided to include performance measures What are the benefits of providing performa...

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Q: Obtain the most recent copy of the annual report for your college

Obtain the most recent copy of the annual report for your college or university (school). Using the annual report, answer the following. Required: a. Does your school follow GASB or FASB standards? U...

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Q: What are articles of incorporation and how do they differ from by

What are articles of incorporation and how do they differ from by-laws of a NFP organization?

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Q: Identify which level(s) of government regulate(s)

Identify which level(s) of government regulate(s) NFP organizations and identify the source of authority.

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Q: Explain a major difference between a 501(c)(3)

Explain a major difference between a 501(c)(3) tax-exempt organization and a 501(c)(7) tax-exempt organization.

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Q: What is the purpose of the Form 990? Because there are

What is the purpose of the Form 990? Because there are different types of Form 990, explain how an NFP would know which type it must file.

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Q: What are the distinguishing characteristics between a public charity and a private

What are the distinguishing characteristics between a public charity and a private foundation? What is a public support test and how does it relate to public charities and private foundations?

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Q: Discuss what, if any, political activity can be undertaken by

Discuss what, if any, political activity can be undertaken by a charitable NFP organization.

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