TAILIEUCHUNG - Lecture Accounting for Governmental & nonprofit entities (16/e): Chapter 15 - Jacqueline, Suzanne, Earl

Chapter 15 - Accounting for colleges and universities. After studying Chapter 15, you should be able to: Distinguish between GAAP for public and private colleges and universities (C&Us), describe financial reporting for public and private C&Us, discuss accounting and reporting issues for all C&Us,. | Accounting for Colleges and Universities Chapter 15 Learning Objectives After studying Chapter 15, you should be able to: Distinguish between GAAP for public and private colleges and universities (C&Us) Describe financial reporting for public and private C&Us Learning Objectives (Cont’d) Discuss accounting and reporting issues for all C&Us, such as accounting for: Assets, liabilities, and net assets/net position Revenues and expenses Cash flows Journalize transactions for private C&Us Prepare financial statements for public and private C&Us Learning Objectives (Cont’d) Discuss issues related to C&Us, such as: Planned giving Auditing Federal financial assistance GAAP for Colleges & Universities Private colleges and universities The FASB Accounting Standards Codification is the source of GAAP Non-GAAP guidance is provided by the AICPA Auditing and Accounting Guide, Not-for-Profit Entities, and the National Association of College and University Business Officials (NACUBO) Public colleges and universities The GASB serves as the source of GAAP Non-GAAP guidance is provided by the AICPA Auditing and Accounting Guide, State and Local Governments, and NACUBO Statement of net position (see Ill. 15-1), classifying net position into: Net investment in capital assets Restricted Unrestricted Statement of revenues, expenses and changes in net position (see Ill. 15-2) Statement of cash flows (see Ill. 15-3) Financial Statements for a Public C&U 1 Statement of financial position (see ), classifying net assets into: Unrestricted Temporarily restricted Permanently restricted Statement of activities (see Ill. 15-5) Statement of cash flows (see Ill. 15-6) Financial Statements for a Private C&U 1 Assets loaned to students, faculty, and staff Provided by gifts, grants, investment income, and transfers from other funds – classify according to any restrictions imposed by contributors When a loan is made (., $1,000 loan) Debit Credit Loan Receivable .

• Kế toán - Kiểm toán
• Accounting for Governmental
• Nonprofit entities
• Accounting for colleges
• Accounting for universities
• Operating statements
• Financial reporting standards
• 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
• Tax exempt organizations
• Performance evaluation
• Governmental auditing
• Accounting information
• Fund financial statements
• Governmental financial performance
• Performance measurement
• 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