Questions from Accounting for Government and Non-Profit

Q: What is an IRC Sec. 527 organization? Are these organizations

What is an IRC Sec. 527 organization? Are these organizations tax-exempt? What filing requirements have been imposed on 527 organizations by campaign finance laws?

Q: Electronic Municipal Market Access (EMMA) provides investors and others interested

Electronic Municipal Market Access (EMMA) provides investors and others interested in state and local government debt and financial information an excellent resource. By accessing EMMA an individual i...

Q: *In the 2010 CAFR, Detroit indicated that its general obligation

*In the 2010 CAFR, Detroit indicated that its general obligation debt rating had been downgraded by Moody’s Investors Services from a Ba2 to a Ba3. Based on its fourth quarter Perfor...

Q: Following are descriptions of several relationships between primary governments and other organizations

Following are descriptions of several relationships between primary governments and other organizations.* * Information used in this case is adapted from information provided in the GASB Comprehensive...

Q: Following are the operating statements for a public and private college.

Following are the operating statements for a public and private college. The operating statements have been adapted from the annual reports of a public and a private university. As would be expected,...

Q: The MD&A for the 2013 City and County of Denver

The MD&A for the 2013 City and County of Denver CAFR is included as Appendix B in this chapter. Following are two tables that have been adapted from the statistical section of the CAFR. Use the MD...

Q: In its notes to the financial statements t he City of St

In its notes to the financial statements t he City of St. Petersburg, Florida provided the following information about the amounts and classifications for the St. Petersburg fund balances. Use the i...

Q: Write the letters a through o on a sheet of paper.

Write the letters a through o on a sheet of paper. Beside each letter, put a plus ( 1 ) if a high or increasing value of the item is generally associated with stronger financial condition, a minu...

Q: Throughout Chapters 2-9 reference has been made to the City

Throughout Chapters 2-9 reference has been made to the City and County of Denver’s Comprehensive Annual Financial Report (CAFR). In addition to issuing the CAFR the City and County of Denver issues a...

Q: Examine the following tables from the Financial Trend Monitoring Report for the

Examine the following tables from the Financial Trend Monitoring Report for the Town of Oakdale that reports on fiscal year 2017. The performance indicators selected are total revenue and revenue pe...