TAILIEUCHUNG - Lecture Accounting for Governmental & nonprofit entities (16/e): Chapter 1 - Jacqueline, Suzanne, Earl

Chapter 1 - Introduction to accounting and financial reporting for governmental and not-for-profit entities. After studying Chapter 1, you should be able to: Identify and explain the characteristics that distinguish governmental and not-for-profit entities from for-profit entities; identify the authoritative bodies responsible for setting GAAP and financial reporting standards for all governmental and not-for-profit organizations;. | 1- JACQUELINE L. RECK SUZANNE L. LOWENSOHN EARL R. WILSON Accounting for Governmental & Nonprofit Entities 16/e McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 1 Introduction to Accounting and Financial Reporting for Governmental and Not-for-Profit Entities Learning Objectives After studying Chapter 1, you should be able to: Identify and explain the characteristics that distinguish governmental and not-for-profit entities from for-profit entities Identify the authoritative bodies responsible for setting GAAP and financial reporting standards for all governmental and not-for-profit organizations Contrast and compare the objectives of financial reporting for state and local governments, the federal government, and not-for-profit organizations 1 Learning Objectives (Cont’d) Explain the minimum requirements for general purpose external financial reporting of state and local governments and how they relate to comprehensive annual financial reports Explain and identify the required financial statements for state and local governments, the federal government, and not-for-profit organizations 2 Welcome to Accounting for Governmental and Not-for-Profit Organizations Welcome to the strange new world of accounting and financial reporting for governmental and not-for-profit (NFP) organizations Why are accounting practices for these organizations very different from those of business organizations? Different purposes in society Financed by resource providers who do not expect benefits proportional to the resources they provide Management has a special duty to be accountable for how resources are used in providing services What are Governmental Organizations? General purpose governments Provide a broad array of services Examples: Federal government, state governments, cities, towns, townships, villages, counties, boroughs, and parishes Special purpose governments Usually provide only a single or just a few

• Kế toán - Kiểm toán
• Accounting for Governmental
• Nonprofit entities
• Financial reporting
• Financial reporting for governmental
• Governmental organizations
• Financial reporting standards
• Not for profit organizations
• Budgetary accounting
• Government wide financial statements
• Governmental funds
• Governmental accounting course
• Competencies of recent graduate
• Gap between Theory and Practice
• Governmental accounting education
• Governmental accounting technique
• Accounting for Nonprofit Entities
• Performance budgeting
• Budgeting governmental
• Governmental operating statement accounts
• Not for profit accounting
• Recognizing revenues
• Recognizing expenditures
• Generally accepted accounting
• Local government financial reporting
• Reporting perspectives
• Tax exempt organizations
• Performance evaluation
• Governmental auditing
• Accounting information
• Fund financial statements
• Governmental financial performance
• Performance measurement
• Accounting for colleges
• Other accounting issues
• Accounting for hospitals
• Health care providers
• Fund accounting
• Revenue funds
• Special revenue funds
• Local governments
• Required financial statements
• Internal financial trend monitoring
• Financial position
• Single audits
• Audit process
• Statement of cash flows
• Performance measures
• Annual compliance reporting
• Operating statements