accounting for state and local governments the modified accrual basis is required for B. Governmental funds only. 14. Under the modified accrual basis of accounting‚ revenues should be recognized when D. Measurable and available. 15. The accrual basis of accounting applicable to proprietary fund types requires that exchange revenues be recognized when A. Earned. 16. Which of the following funds is a governmental fund-type? C. Permanent fund. 17. Financial resources set aside to pay principal and interest
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GOVERNMENTAL ACCOUNTING EXAM 3 - CHAPTERS 8 THRU 10 Select the best answer for each question and enter your answers on the answer sheet sent with the exam. Submit only the completed answer sheet‚ not the entire exam. Please write your name on the answer sheet. 1. General long-term debt of a governmental entity includes a) All future financial obligations. b) All future financial obligations that result from past transactions. c) All future financial obligations
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Ghazala Khalil Ahmet Er Namulinda Lester There are over 161 000 non-profit organizations in Canada. Non-profit organizations work to achieve goals for the benefit of humanity rather than for profit like a business. Obviously with so many organizations‚ there are various types of organizations that vary in size and scope‚ with unique ambitions and some overlap in goals. World Vision is an organization that operates internationally with many chapters around the world. World Vision works
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chosen Non Profit organizations as a topic. I would like to explore the steps in building a successful Non Profit Organization. This topic interests me because I am interested in someday creating a non-profit organization that will benefit women all over the world and serve my community. A non-profit organization is a group organized for purposes other than generating profit. No part of the organization’s income is distributed to members or employees of the group. Non-profit organizations are founded
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Page 1 Nonprofit Versus For-Profit Healthcare Organizations and Options to Improve Both of Their Images Hospitals in the United States first came into existence as “institutions of social welfare‚” to provide for the sick‚ the poor‚ and to treat diseases. These facilities were mainly run and supported by charities. (Barton‚ 2009‚ p.252). Over time‚ with America’s capitalistic society‚ the emergence of for-profit hospitals began to compete with non-profit hospitals. Similarities between the two
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I chose the mission statement of a non-profit organization which is to summarize the good that the organization brings to the world. PANPHA is the non-profit organization I chose to talk about. It stands for “Pennsylvania Association for Non-Profit Homes for the Aging”. The organization is located in Pennsylvania. “PANPHA’s goal for the Center for Innovation is to elevate the expertise and innovation of PANPHA members by cross-pollinating outstanding programs and actions to improve care” (PANPHA
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Also there are variant differences between governmental financial statements—funding constituent services—and for-profit entities with a responsibility to increase stockholder equity. The relative differences will be reviewed for the City of Topeka’s (herein referred to as City or COT) CAFR for year ending December 31st‚ 2010. Differences in governmental accounting and for-profit financial accounting auditor opinions are required for both governmental accounting and for-profit entity accounting
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human beings‚ are of huge value to any non-profit organization. Not only do these people help saving money for the institution‚ they also immensely contribute to spread smiles and make human life better. Some of the major duties that are taken care by volunteers are they are liable for policy-making and assuring that the organization has adequate funds. Even though volunteers do all the work only out of care and concern‚ they still have the goals for the organization set forth. They are the pillars for
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leadership that I thought I had acquired throughout the years I ventured forth with high levels of confidence that ended abruptly when I began this course. I was thrown off track and almost derailed by the possibility that managing a not for profit organization could be any different than managing a multimillion dollar retail establishment. As the reading and assignments continued I faltered and fell into a state of doubt regarding my ability to master the management of such a complex entity with aspects
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CHURCH: A NONPROFIT ORGANIZATION [pic] [pic] [pic] [pic] An Assignment On Nonprofit organization (Church) Submitted to: MR. MAHMUD ULLAH Professor Department of Marketing University of Dhaka. Submitted by: Mary Akhi Gomes Roll no-77 MBA 9th batch Section – A Department of Marketing Date of submission: 22nd March‚ 2009 University of Dhaka. Introduction: Christianity in the Indian subcontinent
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