Accounting for Governmental & Nonprofit Entities 18th Edition Test Bank

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Product details:

• ISBN-10 ‏ : ‎ 1259917053
• ISBN-13 ‏ : ‎ 978-1259917059
• Author: Jacqueline L. Reck; Suzanne L. Lowensohn; Dr. Neely

For more than 60 years, Accounting for Governmental & Nonprofit Entities has been the leader in the market. It is a comprehensive governmental and not-for-profit accounting text written for students who will be auditing and working in public and not-for- profit sector entities. Originally published in 1951 and written by Professor R. M. Mikesell, this book and the many subsequent editions revised by Professors Leon Hay, Earl Wilson, Susan Kattelus, Jacqueline Reck, and Suzanne Lowensohn have given generations of instructors and students a comprehensive knowledge of the specialized accounting and financial reporting practices of governmental and not-for-profit organizations, as well as an understanding of how those organizations can better meet the information needs of a diverse set of financial statement users and decision makers. The vision of these original authors continues to be reflected in this 18th edition, and their strategy of providing a large and innovative set of instructional support materials prepared and tested in the classroom by the authors continues to be a guiding principle today. The current author team brings to this edition their extensive experience teaching government and not-for-profit courses as well as insights gained from their professional experience, scholarly writing, and professional activities. The result is a relevant and accurate text that includes the most effective instructional tools.

Table Of Contents:

Cover
Title Page
Copyright
About the Author
Preface
The Dual-Track Accounting Approach
Connect
Connect Features
City of Bingham and City of Smithville Continuous Computerized Problems
Acknowledgments
Brief Contents
Table of Contents
Chapter 1: Introduction to Accounting and Financial Reporting for Government and Not-for-Profit Entities
Welcome to Government and Not-for-Profit Accounting
Distinguishing Government and Not-for-Profit Organizations
Sources of Financial Reporting Standards
Objectives of Financial Reporting
Overview of Financial Reporting for State and Local Governments, the Federal Government, and Not-for-Profit Organizations
Expanding the Scope of Accountability Reporting
Overview of Chapters 2 through 17
A Caveat
Key Terms
Questions
Cases
Exercises and Problems
Part One: State and Local Governments
Chapter 2: Principles of Accounting and Financial Reporting for State and Local Governments
Conceptual Framework—Providing Useful Financial Reports
Activities of Government
Financial Reporting Model
Fund Reporting
Summary of Government-wide and Fund Characteristics
Appendix A: Illustrative Financial Statements from the City and County of Denver, Colorado
Appendix B: Summary Statement of Governmental Accounting and Financial Reporting Principles
Key Terms
Selected References
Questions
Cases
Exercises and Problems
Chapter 3: Governmental Operating Statement Accounts; Budgetary Accounting
Reporting of Expenses and Revenues at the Government-wide Level
Structure and Characteristics of the General Fund and Other Governmental Funds
Reporting Budgeted and Actual Results
Terminology and Classification for Budgetary and Operating Statement Accounts
Budgetary Accounting
Concluding Remarks
Appendix A: Accounting for Public School Systems
Appendix B
Key Terms
Selected References
Questions
Cases
Exercises and Problems
Chapter 4: Accounting for Governmental Operating Activities—Illustrative Transactions and Financial Statements
Illustrative Case
Dual-Track Accounting Approach
Illustrative Journal Entries
Special Topics
Special Revenue Funds
Interfund Activity
Permanent Funds
Appendix A: Concepts and Rules for Recognition of Revenues and Expenses (or Expenditures)
Appendix B: Interim Financial Reporting
Key Terms
Selected References
Questions
Cases
Exercises and Problems
Chapter 5: Accounting for General Capital Assets and Capital Projects
Accounting for General Capital Assets
Capital Projects Funds
Key Terms
Selected References
Questions
Cases
Exercises and Problems
Chapter 6: Accounting for General Long-Term Liabilities and Debt Service
General Long-Term Liabilities
Debt Service Funds
Other Long-Term Liabilities
Key Terms
Selected References
Questions
Cases
Exercises and Problems
Chapter 7: Accounting for the Business-type Activities of State and Local Governments
Proprietary Funds
Internal Service Funds
Enterprise Funds
Water Utility Funds
Appendix: Special Topics in Accounting for the Business-type Activities of State and Local Governments
Key Terms
Selected References
Questions
Cases
Exercises and Problems
Chapter 8: Accounting for Fiduciary Activities—Custodial and Trust Funds
Identifying Fiduciary Activities
Custodial Funds
Trust Funds
Investment & Private-purpose Trust Funds
Illustrative Financial Statements
Pension Trust Funds
Other Postemployment Benefits (OPEB)
Termination Benefits
Appendix A: Managing Investments
Key Terms
Selected References
Questions
Cases
Exercises and Problems
Chapter 9: Financial Reporting of State and Local Governments
The Government Reporting Entity
Government Financial Reports
Preparation of Basic Financial Statements
Other Financial Reporting Issues and Topics
Appendix A: Converting Accounting Information from the Modified Accrual to the Accrual Basis of Accounting
Appendix B: Management’s Discussion and Analysis (MD&A)—City and County of Denver
Key Terms
Selected References
Questions
Cases
Exercises and Problems
Part Two: Accountability for Public Funds
Chapter 10: Analysis of Government Financial Performance
The Need to Evaluate Financial Performance
Government Financial Performance Concepts
Internal Financial Trend Monitoring
Analyzing Government Financial Statements
Use of Benchmarks to Aid Interpretation
Key Terms
Selected References
Questions
Cases
Exercises and Problems
Chapter 11: Auditing of Government and Not-for-Profit Organizations
Financial Audits by Independent CPAs
Government Auditing Standards
Single Audits
Special Topics Related to Audits of Governments and Not-for-Profits
Key Terms
Selected References
Questions
Cases

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