SM-ch26 - 26 ACCOUNTING FOR PRIVATE NOT-FOR-PROFIT...

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Unformatted text preview: 26 ACCOUNTING FOR PRIVATE NOT-FOR-PROFIT ORGANIZATIONS LEVEL OF TIME DIFFICULTY (MINUTES) REVIEW QUESTIONS EXERCISES 26-1 Manner of reporting contributions.......................................................... Simple 10 26-2 Manner of recording contributions......................................................... Simple 10 26-3 Classifying transactions in the statement of activities............................ Simple 15 26-4 Categorizing transactions in the statement of activities.......................... Simple 15 26-5 Private C&U: Determining whether certain fund accounting transactions are reported under FAS 17 .................................................. Simple 10 26-6 Private HCO: Determining whether certain fund accounting transactionsare reported under FAS 117 ................................................. Simple 10 PROBLEMS 26-1 Private C&U: Recording transactions and preparing a statement of activities.............................................................................................. Moderate 30 26-2 Private VHWO: Recording transactions and preparing a statement of activities.............................................................................................. Moderate 50 26-3 Priivate HCO: Recording transactions and preparing an operating statement................................................................................. Moderate 40 26-4 Private VHWO: Manner of reporting certain transactions..................... Moderate 15 THINKING CRITICALLY CASES 26-1 Determining how to report aggregated and disaggregated data.............. Simple 10 26-2 Evaluating continued use of fund accounting for internal record-keeping purposes........................................................................ Simple 10 PROBLEM FOR APPENDIX 26A--ENDOWMENTS 26A-1 Endowment investment gains and losses ........................................... Moderate 20 26-2 ADVANCED ACCOUNTING: Concepts and Practice EXERCISES FOR APPENDIX 26B PUBLIC HCO S 26B-1 Public HCO: Manner of reporting transactions.............................................. Simple 10 26B-2 Public HCO: Classification of items in the operating statement..................... Simple 10 26B-3 Public HCO: Reporting donated supplies........................................................ Simple 2 26B-4 Public HCO: Reporting donated gifts and bequests........................................ Simple 10 PROBLEMS FOR APPENDIX 26B PUBLIC HCO S 26B-1 Public HCO: Preparing a statement of operations........................................... Moderate 40 EXERCISES FOR APPENDIX 26C PUBLIC C&U S 26C-1 Public C&U: Reporting tuition and fees.......................................................... Simple 5 26C-2 Public C&U: Reporting gifts received............................................................. Simple 10 26C-3 Public C&U: Reporting endowment income................................................... Simple 10 PROBLEMS FOR APPENDIX 26C PUBLIC...
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SM-ch26 - 26 ACCOUNTING FOR PRIVATE NOT-FOR-PROFIT...

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