TAILIEUCHUNG - Lecture Accounting for Governmental & nonprofit entities (16/e): Chapter 9 - Jacqueline, Suzanne, Earl

Chapter 9 - Financial reporting of state and local governments. After studying Chapter 9, you should be able to: Describe the concepts related to the financial reporting requirements of the GASB reporting model; explain the key concepts and terms used in describing the governmental reporting entity; apply the GASB criteria used to determine whether a potential component unit should be included in the reporting entity and, when included, manner of reporting component units; | Chapter 9 Financial Reporting of State and Local Governments ` Learning Objectives After studying Chapter 9, you should be able to: Describe the concepts related to the financial reporting requirements of the GASB reporting model Explain the key concepts and terms used in describing the governmental reporting entity Apply the GASB criteria used to determine whether a potential component unit should be included in the reporting entity and, when included, manner of reporting component units 1 ` Learning Objectives (Cont’d) Identify and describe the contents of a comprehensive annual financial report (CAFR) Understand how to reconcile governmental fund financial statements to governmental activity in the government-wide financial statements Identify and explain financial reporting issues and topics 1 Concepts of Financial Reporting Two primary objectives of government financial reports To provide information that can be used to assess accountability To assist users in making economic, social, and political decisions Characteristics of useful information are understandability, reliability, relevance, timeliness, consistency, and comparability Concepts of Financial Reporting (Cont’d) Effective communication improves the usefulness of government financial reports The information appearing in government financial reports must meet the definition of one of the elements defined by GASB Assets Liabilities Deferred outflows of resources Outflows of resources Deferred inflows of resources Inflows of resources Net position The reporting entity consists of the primary government and all component units for which the primary government is financially accountable Component units are reported by discrete (separate column) presentation, or by blending the component unit’s financial information with the appropriate fund columns of the primary government Reporting Entity 3 Reporting Entity (Cont’d) A primary government is financially accountable for another .

• Kế toán - Kiểm toán
• Accounting for Governmental
• Nonprofit entities
• Financial reporting
• Governmental financial reports
• Accounting information
• Fund 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 standards
• Tax exempt organizations
• Performance evaluation
• Governmental auditing
• 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