Chapter 02 - Principles of Accounting and Financial Reporting for State and Local 11. The accounting system used by a state or local government must make it possible A. To present fairly the financial position and results of financial operations of the government as a whole‚ as well as fund financial activity in conformity with GAAP‚ and to demonstrate compliance with finance-related legal and contractual provisions. 12. Which of the following is not a characteristic of a fund as defined by GASB
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investment. Ranking projects is often used in the situation of capital rationing. PBH might have had difficulties in terms of availability of cash‚ which would justify the use of the Payback method. However‚ it’s an old system that hasn’t been revised for years‚ now conditions have changed. Liquidity of the projects is not essential‚ since the hotel has enough cash on hand to finance the projects without the need to take on additional debt. • The PBH Financial Controller Kornkrit felt that past proposals
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posted in the Webliography to find a research article(s) (no older than 2001) related to non-profit versus for-profit healthcare and organizations. Analyze the characteristics of each type of organization and the factors which impact operations. Discuss options to improve the financial and operational performance of non- profit organizations and the criticisms leveled at for-profit healthcare organizations. Your resultant written paper should be 750 words‚ double spaced‚ and in APA or other approved
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"A Boy Named Sue" My daddy left home when I was three And he didn’t leave much to ma and me Just this old guitar and an empty bottle of booze. Now‚ I don’t blame him cause he run and hid But the meanest thing that he ever did Was before he left‚ he went and named me "Sue." Well‚ he must o’ thought that is quite a joke And it got a lot of laughs from a’ lots of folk‚ It seems I had to fight my whole life through. Some gal would giggle and I’d get red And some guy’d laugh and
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than expected) or * Adverse/unfavourable ( worse than expected) A favourable variance might mean that: * Costs were lower than expected in the budget‚ or * Revenue/profits were higher than expected By contrast‚ an adverse variance might arise because: * Costs were higher than expected * Revenue/profits were lower than expected What causes budget variance? There are four key reasons and it is important that good managers recognise the differences‚ because the action required
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A cash advance payday loan is defined by its name. It is a loan which is meant to be held only until the borrower’s next payday. This is not the type of loan is not meant to be used to purchase items such as houses or vehicles. These loans are meant for people who have unexpected financial responsibilities and do not have the money until their next paycheck comes. Molly did not realize that she was behind with her gas bill and she let it go past due. She received a shut off notice in the mail and
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........................................................................ 6 d. Leadership and Strategy ................................................................................................................... 7 e. HRM Practices in the Organization ................................................................................................... 8 2. Objective of the study ...............................................................................................................
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Association is a non-profit organization‚ while Wal-Mart Stores‚ Inc. is a for-profit organization. Even though the two are different entities and‚ each has their own business ethics and morals‚ they are similar in some ways; both have a mission to help people and both have faced challenges since their beginning. In regards to The Alzheimer’s Association‚ the organization was formed on April 10‚ 1980‚ with Jerome H. Stone as founding president. As of today‚ the organization has 11 Senior Management
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using cash to make payments Advantages Disadvantages Cash is the most common way of payment around the globe when compared to all other types of payment. As cash does not involve third-party action for its immediate conversion into other forms value. Cash requires no authorization for the person who carries it‚ thus it is convenient for those who desires small payment amounts to be used. The use of cash does not involve any transaction fees for both ends‚ that is‚ the person who uses cash and
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Non-profit Organizations Non-profit organizations are vital to all communities. They provide much required services to those in need and derive from the humanitarian‚ religious‚ healthcare‚ social service‚ educational‚ or environmental sector. While striving for organizational success‚ non-profit organizations are faced with many obstacles. These challenges range from the hiring of qualified staff‚ unrealistic expectations‚ inadequate facilities‚ to a lack of volunteers and funds. Non-profits like
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