TAILIEUCHUNG - Lecture Accounting for Governmental & nonprofit entities (16/e): Chapter 3 - Jacqueline, Suzanne, Earl

Chapter 3 - Governmental operating statement accounts; budgetary accounting. After studying Chapter 3, you should be able to: Explain how operating expenses and revenues related to governmental activities are classified and reported in the government-wide financial statements; distinguish, in governmental funds, between revenues and other financing sources and between expenditures and other financing uses; explain how revenues and expenditures are classified in the General Fund;. | Chapter 3 Governmental Operating Statement Accounts; Budgetary Accounting McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. Learning Objectives After studying Chapter 3, you should be able to: Explain how operating expenses and revenues related to governmental activities are classified and reported in the government-wide financial statements Distinguish, in governmental funds, between revenues and other financing sources and between expenditures and other financing uses Explain how revenues and expenditures are classified in the General Fund 1 Learning Objectives (Cont’d) Explain how budgetary accounting contributes to achieving budgetary control over revenues and expenditures, including such aspects as: Recording the annual budget Accounting for revenues Accounting for encumbrances and expenditures Accounting for allotments Reconciling GAAP and budgetary accounts 1 Learning Objectives (Cont’d) Describe computerized governmental accounting information systems Explain the classification of revenues and expenditures of a public school system 1 Government-wide Statement of Activities Expenses should be reported by function or program Direct expenses - those associated with a function or program Indirect expenses - those that are not directly linked to an identifiable function Government-wide Statement of Activities Revenues should be distinguished between Program revenues - reported in the program/functions section of the statement General revenues - not directly linked to any program/function and reported in the bottom section of the statement Government-wide Statement of Activities (Cont’d) Program revenues are reported in three categories: Charges for services Operating grants and contributions Capital grants and contributions A net expense or revenue format is used in the top section of the statement of activities: Expenses - Program revenues = Net (expense) revenue Government-wide Statement of Activities

• Kế toán - Kiểm toán
• Accounting for Governmental
• Nonprofit entities
• Governmental operating statement accounts
• Budgetary accounting
• Government wide financial statements
• Governmental funds
• Not for profit organizations
• Financial reporting for governmental
• 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
• 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
• 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