TAILIEUCHUNG - Lecture note Government and not-for-profit accounting: Concepts and practices (7/e) – Chapter 3: Issues of budgeting and controls

Chapter 3 - Issues of budgeting and controls. In this chapter, the learning objectives are: Key purposes of budgets, need for more than one type of budget, various ways of classifying expenditures, benefits of performance budgets, key phases of the budget cycle, limitations of budget-to-actual comparisons, how an encumbrance system prevents overspending. | Chapter 3 Issues of Budgeting and Controls © 2016 John Wiley & Sons, Inc. All rights reserved. 1 Thoughts to Ponder: Chapter 3 “A budget is more than simply numbers on a page. It is a measure of how well we are living up to our obligations to ourselves and one another.” - President Barack Obama “Every family in America knows they have to do a budget. Every small business in America knows they have to do a budget. Every local government, every state, knows they have to do a budget.” - Speaker John Boehner © 2016 John Wiley & Sons, Inc. All rights reserved. 2 Learning Objectives Key Purposes of Budgets Need for more than one type of budget Various ways of classifying expenditures Benefits of performance budgets Key Phases of the Budget cycle Limitations of budget-to-actual comparisons How an encumbrance system prevents overspending © 2016 John Wiley & Sons, Inc. All rights reserved. 3 Key Purposes of Budgeting Planning Controlling and .

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• Accounting for governmental
• Not for profit organizations
• Financial reporting for governmental
• Not for profit accounting
• Classifying expenditures
• Performance budgets
• 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
• Nonprofit entities
• Accounting for Nonprofit Entities
• Governmental organizations
• Performance budgeting
• Budgeting governmental
• Governmental operating statement accounts
• 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