Auditing Governments and Not-For-Profit Organizations
TRUE/FALSE (CHAPTER 16)
1. A cognizant agency can be either an employee of a federal agency or of an independent
2. The Single Audit Act of 1984 was passed to eliminate the
TRUE/FALSE (CHAPTER 12)
1. FASB Statement No. 117 directs that revenues and expenses be reported in a statement of
2. In the statement of activities, FASB Statement No. 117 requires revenues to b
Long-lived Assets and Investments in Marketable Securities
TRUE/FALSE (CHAPTER 7)
1. General capital assets are distinguished from the capital assets of proprietary funds and
2. General capital assets are excluded from governmen
Running head: EVIDENCED-BASED PRACTICE
The health sector has for some time been in need of improvement of health services
by changing the syste
Running Head: INTERNATIONAL BUSINESS FINANCE & TRADE ASSIGNMENT
International Business Finance & Trade
Word count- 2849
INTERNATIONAL BUSINESS FINANCE & TRADE ASSIGNMENT
Mergers and Acquisition (M&A) are legal methods used to
Establishing a New Business
Table of Contents
Importance of Funding for Start-up Businesses
Factors for Consideration When Choosing Funding Option 4
Sources of Funding
Pre-start up In
The Garden City Movement
The garden city movement was a form of urban planning that was initiated in 1898
by Ebenezer Howard in the United Kingdom. The movement influenced the development
of cities t
Running Head: GOOGLES PROJECT OXYGEN
Googles Project Oxygen: Do Managers Matter?
GOOGLES PROJECT OXYGEN
The growth of companies has become a reason for worry as the management is
This essay was commissioned to develop a sustainable event for the Savoy hotel,
examine the synopsis of the venue, the importance of event sustainability, and critically analyze
the venue sustainability performance. Sustainability of an
Federal Government Accounting
TRUE/FALSE (CHAPTER 17)
If the federal Treasury, GAO, or OMB objects to a FASAB standard, it is returned to
the Board for reconsideration.
Federal operations consist of 5 fund typesthe general fund, special f
Health Care Providers
TRUE/FALSE (CHAPTER 14)
1. The statement of financial position of a not-for-profit health care organization should
distinguish among unrestricted, temporarily restricted, and permanently restricted net assets.
2. Unlike bu
The Government and Not-For-Profit Environment
TRUE/FALSE (CHAPTER 1)
The main objective of a typical governmental or not-for-profit entity is to earn a profit.
A governments budget may be backed by the force of law.
Fund accounting promotes control and accountability over restricted resources.
The basis of accounting determines when transactions and events are recognized.
If an entity adopts a full accrual basis of accounting, its measurement focus will au
TRUE/FALSE (CHAPTER 8)
1. Unlike individuals and businesses, governments cannot seek protection under the Federal
2. General obligation debt is the obligation of the government at large and is thereby backe
Fiduciary Funds and Permanent Funds
TRUE/FALSE (CHAPTER 10)
Per GASB Statement No. 34, permanent funds are classified as fiduciary funds.
In accounting for permanent funds only the income can be spent; the principal must be
Issues of Reporting, Disclosure, and Financial Analysis
TRUE/FALSE (CHAPTER 11)
Governments must combine their blended component units into both the fund and
Governments must combine their discretely presented
Colleges and Universities
TRUE/FALSE (CHAPTER 13)
1. Government (public) colleges and universities must adhere to the FASB pronouncements.
2. Private not-for-profit colleges and universities are subject to the same FASB standards as