TAILIEUCHUNG - Lecture note Government and not-for-profit accounting: Concepts and practices (7/e) – Chapter 7: Capital assets and investments in marketable securities

Chapter 7 - Capital assets and investments in marketable securities. In this chapter, the learning objectives are: Why and how governments account for capital assets in both fund and government-wide statements; why and how governments account for transactions involving donated assets, trade-ins, and collectibles;. | Chapter 7 Capital Assets and Investments in Marketable Securities © 2016 John Wiley & Sons, Inc. All rights reserved. 1 Learning Objectives Why and how governments account for capital assets in both fund and government-wide statements Why and how governments account for transactions involving donated assets, trade-ins, and collectibles GASB’s controversial provisions regarding infrastructure What special problems asset impairments create How investments should be reported Why investments in marketable securities may be of high risk © 2016 John Wiley & Sons, Inc. All rights reserved. 2 General Capital Assets Associated with the government as a whole, rather than with any specific fund Non financial in character. Distinguished from other capital assets that are specifically associated with activities reported in proprietary and fiduciary funds. Examples: The City of Austin defines capital assets as assets with an initial individual cost of $1,000 or more and an estimated useful life of

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• Accounting for governmental
• Not for profit organizations
• Financial reporting for governmental
• Not for profit accounting
• Capital assets
• Marketable securities
• 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