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ID:44512549
大小:378.00 KB
页数:20页
时间:2019-10-22
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1、Chapter13PersonalFinancialStatementsandAccountingforGovernmentsandNot-For-ProfitOrganizationsQUESTIONS13-1.Personalfinancialstatementsmaybepreparedforanindividual,ahusbandandwife,oralargerfamilygroup.13-2.ThebasicpersonalfinancialstatementistheStatemento
2、fFinancialCondition.13-3.No.13-4.No.13-5.Estimatedcurrentvaluebasis13-6.Networth13-7.StatementofChangesinNetWorth13-8.No.13-9.False.Generallyacceptedaccountingprinciplesastheyapplytopersonalfinancialstatementsrequiretheaccrualbasis.13-10.No.Assetsandliab
3、ilitiesarenotclassifiedascurrentandnoncurrent.Assetsandliabilitiesareclassifiedinorderofliquidityandmaturity.13-11.Broker’sstatementsIncometaxreturnsSafedepositboxInsurancepoliciesRealestatetaxreturnCheckbookBankstatements13-12.Exampleswouldbemethodsused
4、indeterminingcurrentvaluesofmajorassets,descriptionsofintangibleassets,andassumptionsusedtocomputetheestimatedincometaxes.13-13.Ifquotedmarketpricesarenotavailable,thenreasonableestimatesshouldbeused.45513-14.Thisisanopen-endedquestion.Theresponsesherear
5、emerelysuggestions.DueswillnotincreaseAmonthlymagazinewillbestartedAdd100newmembersRetainaminimumof90%ofthecurrentmembers13-15.No.Not-for-profitorganizationsarenotallowedtousefundaccounting.13-16.No.Theaccountingforaprofit-orientedbusinessiscenteredonthe
6、entityconceptandtheefficiencyoftheentity.Theaccountingforgovernmentsdoesnotincludeasingleentityconceptorefficiency.13-17.a.GeneralfundAllcashreceiptsanddisbursementsnotrequiredtobeaccountedforinanotherfund.b.ProprietaryfundFundswhosepurposeistomaintainth
7、eassetsthroughcostreimbursementbyusersorpartialcostrecoveryfromusersandperiodicinfusionofadditionalassets.c.FiduciaryfundFundwhoseprincipalmustremainintact.Typically,revenuesearnedmaybedistributed.13-18.Thenumberoffundsthatwillbeutilizedwilldependuponthe
8、responsibilitiesoftheparticularstateorlocalgovernmentandthegroupingoftheseresponsibilities.13-19.Whentherepresentativesofthecitizensapprovethebudget,thentheindividualexpendituresbecomelimits.Anincreaseinanapprovedexpenditu
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