TAILIEUCHUNG - Lecture Accounting for Governmental & nonprofit entities (16/e): Chapter 2 - Jacqueline, Suzanne, Earl

Chapter 2 - Principles of accounting and financial reporting for state and local governments. After studying Chapter 2, you should be able to: Explain the nature of the three major activity categories of a state or local government: governmental activities, business-type activities, and fiduciary activities; explain the components of GASB’s integrated accounting and financial reporting model;. | Chapter 2 Principles of Accounting and Financial Reporting for State and Local Governments McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives After studying Chapter 2, you should be able to: Explain the nature of the three major activity categories of a state or local government: governmental activities, business-type activities, and fiduciary activities Explain the components of GASB’s integrated accounting and financial reporting model, including: Government-wide financial statements Fund financial statements 1 Learning Objectives (Cont’d) After studying Chapter 2, you should be able to: Explain the components of GASB’s integrated accounting and financial reporting model (cont’d): Definition of fund and principles of fund accounting Types of funds in each fund category and characteristics of each fund type Explain major fund accounting 1 Activities of Government Governmental Business-type Fiduciary Q: What activities are included in each of the above categories? Discuss. Required Financial Statements Two sets of “basic” financial statements are required (in addition to MD&A and other required supplementary information) Government-wide financial statements (see Illustrations 2-2, A2-1, and A2-2) Fund financial statements (see Illustrations 2-2 and A2-3 through A2-11) Required Financial Statements (Cont’d) Government-wide financial statements: Statement of net position (see Ill. A2-1) Statement of activities (see Ill. A2-2) Required Financial Statements (Cont’d) Government-wide financial statements (Cont’d): Prepared on the accrual basis using economic resources measurement focus Primary government financial information reported in two columns—Governmental Activities and Business-type Activities Internal service fund information is usually reported in the Governmental Activities column. Why? Fiduciary activities are not reported in the government-wide financial statements. Why? Required .

• Kế toán - Kiểm toán
• Accounting for Governmental
• Nonprofit entities
• Principles of accounting
• Financial reporting for state
• Local governments
• Required financial statements
• Not for profit organizations
• Financial reporting for governmental
• 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
• Governmental organizations
• 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
• Financial reporting
• Financial reporting standards
• 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
• Internal financial trend monitoring
• Financial position
• Single audits
• Audit process
• Statement of cash flows
• Performance measures
• Annual compliance reporting
• Operating statements