------------------------------------------------- The Requirements of SFAS 116 and 117 and its effect on the financial statements The Statement of Financial Accounting Standards (SFAS) 116 and 117 are standards set for not- for-profit and non-governmental entities. The standards account for contributions and financial statement presentation (Granof‚ Khumawala‚ 2011). SFAS 116 defines how contributions are designated. Contributions can have donor-imposed restrictions. The standard defines
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Checkpoint: Program Planning and Grant Proposals Grant proposals are evaluated by the organization that is going to be providing the funds on the basis of sound business practices and good planning. Organizations providing funds will not consider granting funds to organizations that have not planned properly for their program. All grant proposals must address the grantor’s goals within the organizations ability to provide relevant services for the program they are applying to for funding. Proper
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Differences of Accounting for Government & Nonprofit organization versus for profit business. Business accounting has always been considered by some people to be the model for government accounting. But there are differences between one and another. Government and not for profit are governed mainly by their budgets. The budget covers the governmental decisions on how to raise money and where to spend it. Traditionally the budget takes center stage and one of the most public decisions
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Introduction – Funds Accounting (#1) MULTIPLE CHOICES 1. Which of the following is a distinguishing characteristic of a nonbusiness organization? a. Its revenues do not exceed its expenses b. There is an absence of ownership interests that can be sold‚ transferred‚ or redeemed c. It does not depreciate its capital assets d. It does not charge fees for any of its services Answer: b 2. Which of the following activities
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Respected Sir‚ First of all‚ I am thankful to you for the trust you have shown in our organization‚ ECLO. Our team will fulfill the highest standards which we are going to set up in a coming few years‚ InshALLAH‚ for the sake of this country. Sir! Let me bring some facts into your knowledge. Educating Child Labourers Organization-ECLO was a dream two years back. Just one incident stuck into my mind and I started my struggle against this injustice of child labour in our country. As every big
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Although some people believe that using their own money to help their campaign is fair‚ it isn’t. Many people oppose people using their hard earned money to win an election because isn’t fair for the other candidate. It gives the candidate an unfair advantage against the other runner. Political candidates should be not be allowed to use their own funds to fund their campaigns. In order to combat self funding many candidates use other methods. It can seem that it would be unfair to let a wealthy person
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Olga Prisich Informative Speech Siberia: breaking stereotypes. Thesis statement: Today we will explore the fact about Siberia: its role in the history of Russia as a penal colony‚ weather conditions‚ infrastructure‚ and population. Introduction: For me it has always been interesting to know what people think when I mention the name of a place I came from‚ “Siberia”. Usually‚ “Siberia” invokes mental images of a vast wasteland‚ extreme cold and ice fields. It is extremely difficult to get there
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The Commencement Address Some people have asked to read the commencement address I delivered this morning to the 2013 graduates of Butler University. So here it is. My own commencement speaker‚ who shall remain nameless‚ began with a lame joke about how these speeches only come in two varieties: Short and bad. This raised my expectations‚ and then he went onto speak for 26 minutes‚ so I’m just going to tell you now: 12 minutes flat‚ 11:45 if you don’t laugh. Congratulations to all of you here
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Reid Roman Mrs. Arnold English II- 3rd Block 13. Nov. 2015 Censorship The average citizen would be surprised how often he/she looks at any media related things‚ such as newspapers‚ television‚ books‚ even the internet‚ that are censored. Think about it. Have you ever watched a movie like 21 Jump Street on TV‚ and during a conversation‚ a character’s dialogue goes silent? The character’s lips seem to be moving‚ but no words are being expressed. That is an example of censorship. Sure‚ censorship can
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Carl continued speech therapy at Middle Tennessee State University Speech-Language Hearing Clinic. He does not receive any other therapeutic services or take any medications regularly. He currently attends Middle Tennessee Christian Academy and is in the tenth grade. Carl is very intelligent for his age. SEMESTER OBJECTIVES AND PROGRESS Articulation: 1. The client will produce in all word positions within conversation given minimal cues at 90% accuracy. Status: Not Achieved‚ 78% The clinician
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