30 May Accounting
Government-wide Statements. What are the titles of the two government-wide
statements? Are total assets larger for governmental activities or business-type
activities? Which function or program has the highest net cost? What kinds of
general revenues are available to cover the net cost of governmental activities?
Were business-type activities “profitable”? That is, is the excess of revenues over
expenses positive?
2. Governmental Funds. Does the report state the basis of accounting used for the
General Fund? What types of assets and liabilities are included on the
governmental funds balance sheet? Is this reporting consistent with the basis of
accounting being followed?
3. Identify which of the major funds, if applicable, are special revenue funds, debt
service funds, capital projects funds, and permanent funds. Are you able to
determine which funds are considered nonmajor? (Hint: look for supplementary
information.) What fund balance categories are being used?
4. Proprietary Funds. List the names of the proprietary fund types included in the
financial statements. Do the financial statements provide evidence that all
proprietary funds use accrual accounting?
5. Fiduciary Funds. List the names of the fiduciary funds included in the fund
financial statements. Identify whether each of these is an agency fund, investment
trust fund, pension (and other employee benefit) trust fund, or private-purpose
trust fund. Do the financial statements provide evidence as to what basis of
accounting these funds use?
6. Notes to the Financial Statements. Read the notes to the financial statements, so
that you can refer to them as needed in subsequent chapters. What significant
accounting policies are discussed in the first note? With regard to revenue
recognition, how do the notes define the term available for paying current period
obligations?
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.