TAILIEUCHUNG - Lecture Accounting for Governmental & nonprofit entities (16/e): Chapter 12 - Jacqueline, Suzanne, Earl

Chapter 12 - Budgeting and performance measurement. After studying Chapter 12, you should be able to: Explain the objectives of budgeting; explain the differences among various budgeting approaches; describe the budgeting process for a state or local government, including the procedures involved in preparing specific types of budgets;. | Chapter 12 Budgeting and Performance Measurement Learning Objectives After studying Chapter 12, you should be able to: Explain the objectives of budgeting Explain the differences among various budgeting approaches Describe the budgeting process for a state or local government, including the procedures involved in preparing specific types of budgets Learning Objectives (Cont’d) Describe methods of integrating planning, budgeting, performance measurement, and performance reporting Describe managerial tools used to improve performance Describe the budget and cost issues in grant accounting Objectives of Budgeting for a Government The budget embodies management’s plans to meet public expectations to: Prioritize community program and service goals Authorize the expenditure of resources to meet goals Comply with laws over spending appropriations Improve quality of services in the near term Demonstrate stewardship for public funds in the long-term Objectives of Budgeting for a Government (Cont’d) Two views of a governmental budget are that they: Demonstrate compliance with laws and regulations Communicate performance effectiveness Compliance with Laws GASB Budgeting, Budgetary Control, and Budgetary Reporting Principle (see Chapter 2) provides that: An annual budget should be adopted The accounting system should provide the basis for appropriate budgetary control Budgetary comparisons should be included in the financial statements for the funds for which an annual budget has been adopted 1 Budgeting Principles Budgeting comparison schedules should be presented as RSI and include: The original budget The final appropriated budget Actual inflows, outflows, and balances Stated on the government’s budgetary basis 1 Communicating Performance Effectiveness The budget can communicate accountability for the use of public funds and strategies for improving the quality of government services GFOA criteria for the Distinguished Budget Presentation Award relates

• Kế toán - Kiểm toán
• Accounting for Governmental
• Nonprofit entities
• Performance measurement
• Budgeting approaches
• Performance budgeting
• Budgeting governmental
• 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
• 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
• 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