BIG PICTURE (Ch. 14) This chapter studies bond payable which is a liability issued by the debtor/seller/borrower/issuer who sells the bond for cash (or other assets) and agrees to pay interest (unless it is zero-coupon bond) plus maturity value at maturit
Why Governmental Accounting and Financial Reporting is-and Should Be-Different
Governmental accounting and financial reporting are different in many aspects. These
differences most result from the difference between government and business e
Part I of the City of Detroit (20 Points)
Go to your favorite Internet browser and summarize the information about how Detroits
current financial crisis has come about. Try to use information originating from
approximately October 2012 through the end of
Enterprise Fund-may be used to report any activity for which a fee is charged
to external users for goods and services. Certain activities are required to be
accounted for in an Enterprise Fund when specific criteria are met. These inclu
Study Notes-Chapter 14
1. The purpose of this chapter is to learn how to adjust governmental activities balances
from modified accrual to the full accrual basis of accounting. We will use the method in
the appendix to the book (pp. 577-587).
2. Examine Il
General Capital Asset Accounts
General Long-Term Debt Accounts
One method of accounting for those capital assets and
long-term liabilities that relate to governmental funds
but are not reportable in any fund type.
Unlike the four governmental fund
Detroits Financial Crisis
What you need to know
The city of Detroit is running out of money. This problem has been building for
decades and has reached the point where immediate action is necessary just to
keep the city running.
remained the s
Statement of Activities:
Revenues - contributions
Revenues - investment
Net assets released from restriction
Total revenue and gains
Expenses - program
Expenses - support
Total operating expenses
Change in net assets
Net assets, begi
ESPERANZA UNIDA, INC.
FOR THE YEAR ENDED JUNE 30, 2006
[With Summarized Totals for the Year Ended June 30, 2005) ESPERANZA UNIDA, INC.
TABLE OF CONTENTS
Statement of Activities
Statement of Cash
Presentation of Financial Statements
Going Concern (Subtopic 205-40)
Disclosure of Uncertainties about an Entitys Ability to
Continue as a Going Concern
An Amendment of the FASB Accounting Standards Codification
The FASB Accounting
4.6.1.-Caractersticas Los motores aeronuticos se dividen en tres grandes categoras: motores alternativos, motores a reaccin y motores cohete. Los primeros son usados principalmente en aviacin deportiva y en pequeos aviones con necesidad de poc
Supplemental Exercise 1
To record receipt of membership dues.
To record cash and pledges received.
(3) Provision for Uncollectible Pledg