Alabama State University College of Business Administration ACT 532 Advanced Fund Accounting Exam III November 20‚ 2012 1) Governments must report nonspendable fund balance in a governmental fund ’s balance sheet for A) Inventory. B) Prepaid assets. C) Land. D) All of the above. E) Items A and B only. Answer: 2) The following benefits are examples of other postemployment benefits (OPEB) except for A) Health care insurance. B) Pension benefits. C) Vision insurance. D) Life insurance
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FUND FLOW ANALYSIS Every business concern‚ at the end of its financial period‚ prepares Income Statements and Balance Sheet. Income Statements show the net result‚ Net Profit‚ of the business operations and contains various expenses incurred and losses and revenue earned during that period. Balance Sheet gives a summary of assets and liabilities as on a particular date and shows the financial position of the business. The liabilities side of a balance sheet shows the sources from where funds
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purposes be identical. Where depreciation is shown on accounting statements‚ the figure usually does not relate to depreciation for tax purposes." Answer- The above answer is correct. This is an additional point. Depreciation is a source of funds (not cash). Think about this - When you deduct depreciation from your profits‚ your net income figure gets reduced and if there is any distribution of cash which is based on net income‚ the amount of cash that is going out of the business will also
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Petty cash fund is a relatively small amount of cash that businesses keep on hand for the purpose of small transactions such as providing change to customers‚ postage expenses‚ highway tolls etc. In such transactions‚ the use of checks is time consuming‚ costly or illogical. Usually a custodian is appointed to administer the petty cash and it is his/her duty to account for the expenses incurred out of petty cash fund. Whenever the custodian makes any payment from the fund to an employee or a customer
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Pag-IBIG Fund Pag-IBIG is an acronym which stands for Pagtutulungan sa Kinabukasan: Ikaw‚ Bangko‚ Industria at Gobyerno. In effect‚ Pag-IBIG harnesses these four sectors of our society to provide its members with adequate housing through as effective savings scheme. Coverage These guidelines shall cover the development and construction of low cost housing units in Metro Manila and highly urbanized cities‚ and socialized housing units in the provinces by Pag-IBIG Fund. Objectives To provide low-cost
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Organization (NGO) called The Children’s Defense Fund (CDF) and discussing its relationship to the International Human Rights movement. First‚ we must establish what is an NGO. An NGO is an independent entity which works alongside governments to advocate for Human Rights and related issues. These entities usually work on a voluntary basis‚ and rely on donations from individuals‚ governments or private companies to conduct their business. The Children’s Defense Fund is a private American non-profit child
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need it is often difficult to ask for financial help or donations. The advent of funeral fund websites offers loved ones a way to solicit online donations to help towards funeral expenses‚ medical bills or simply to aid those left behind with the costs of everyday life. With the help of crowd funding for funeral expenses‚ setting up a memorial fund campaign is quick‚ easy and safe with an accredited funeral fund site. Funeral expenses can be staggering. From funeral home costs to transportation to
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TeliaSonera: A Nordic Investor in Eurasia 1-By using Porter`s Five Forces‚ TeliaSonera had fewer competitors in the Eurasian market‚ the mobile penetration in the markets is low comparing to Europe. The technological knowledge and better quality network gave TeliaSonera a leading edge in the region compared to local competitors‚ and that minimized the threat of new entrants to the market. The threats of substitutes were low; the high investment led to the development of large and satisfied customers
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To: Mr. Zachary Evans From: Joseph Mirola‚ Head of Claims Dept Date: Sept 9 2013 Subject: Those are why you should maintain the fitness center Dear Mr. Evans As discussed in our meeting last week‚ I understand that you have some reasons to close the fitness center (FC). As a regular user‚ I was greatly benefited from using the fitness center. During the past 8 months‚ I have instituted a new program to encourage the use of the center and have seen great benefits. I will present
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Finance 452: Investment Management Case: Yale University Investments Office Megan Hurley‚ Robert Liu‚ Aaron Nachman‚ David Naert‚ Erik Westerlund Case Intro: In August 2006 with David Swensen as head of the Yale Investments Office‚ the Yale endowment has grown to 18 billion dollars. This was achieved with the help of focusing on less efficient markets such as private equity‚ real assets‚ and absolute return investments. However
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