Chapter 19 Nopfor-Prot Entities 1021
c. Contribution revenue in 20X1.
of. Contribution revenue in the period in which the funds are spent.
5. Turner Fund, a voluntary health and welfare organization fun
BUS 4-19 - NOT-FOR-PROFIT ACCOUNTING
Nonprot Financial Statements Compared with For-Prot Financial
Name of the nancial
statement? Income Statement
Name ofthe nancial
statement? Balance Sheet
What are the major
Chapter 19 - Accounting for Contributions (Donations)
Textbook Examples, pp. 9981000 and more examples
Journaiize the following transactions:
1 From a fundraising campaign the nonprofit received $100,000 in new pledges.
$5,000 of this amount is t
BUS 419 Not-for-Profit Accounting
Activity: Assume you are a new controller at XYZ Nonprofit. The current accountant
provides you with the following results of operations produced by the accounting system.
For the Year Ended
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Required: Prepare the appropriate journal entries.
Then prepare a Statement of Activities.
The Association for Freedom, a nonprofit organization, was recently
established. During its first year of operations it engaged in the
Chapter 12 Example
ABC Art Museum
During the year ending Dec 31, 2014, the following took place:
1. Received 50,500 in admission fees and memberships in cash.
2. in a fundraising campaign at the start ofthe year, the museum
received pledges of 51,
BUS 419 - NFP Financial Statements
Below you will find the adjusted trial balance of ABC Nonprofit
for the year ending December 31, 2013 as well as some other
information about the organization for the year.
Create a Statement of Activities for
SELE Instructor Summary
College of Business-College of Business-Abu Dhabi
No of Responses = 21
Average Response = 3.6
1. Instructor shows enthusiasm when teachi
This is a tentative syllabus and as such it may be changed.
changes will be distributed via groupmail. Students should make a point of
checking their UWF student
Zayed University on
selected audit topics
14 November 2016
Overall Audit Process
Preliminary Engagement Activities
Assess engagement risk
Acceptance and continuance decision
Agree the terms of the audit engagement
Understand and Plan
Consolidated Statement of Cash Flows - Indirect Method
P Company and Subsidiary
Consolidated Statement of Cash Flows
For the Year Ended December 31, 2011
Cash flows from operating activities:
Consolidated net income
Adjustments to convert con
SOLUTIONS to PROBLEMS
4.34 (40 min)
Limitations of traditional costing methods.
2.40 (40 min)Find unknown account balances
= 2,800 (= 3,600 16,100 + 15,300)
(20 min) Benefit-cost analysis
This analysis contains both quantitative and qualitative
information. Both are important to choosing among the
a. Alternatives for
Supply of Disk Drive
SOLUTIONS TO PROBLEMS
5.30 (20 min) Activity-based analysis
Answers will vary, but here is one reasonable solution.
1.1 take phone call
1.2 refer phone call by claim type
1.3 read e-mail
1.4 sort e-mail