1. A CPA has installed a fairly large neon sign over the entrance to her building which reads, Jane
Jones, Certified Public Accountant, Audits, Taxes, Bookkeeping.
1. A CPA places an ad in the local newspaper announcing the ad
General Fund Journal Entries
December 31, 2015
Item # Account Title
Estimated Revenues Control
Budgetary Fund Balance
Budgetary Fund Balance- Reseve
City of Southern Springs
Statement of Net Position
For the Period Ending April 30, 2015
Cash and Cash Equivalents
Capital Assets, Net of Accumulated Depreciation
Homework chapter 2
2-2. Whit regard to GASB rules for the financial reporting entity, answer the following:
a. Define the financial reporting entity.
A financial reporting entity is a primary government, organizations for which the prima
Homework Chapter 1
Chapter 1 Questions:
Identify and describe the five environmental differences between governments and for-profit
business enterprises as identified in the Governmental Accounting Standards Boards Why
Homework Chapter 3
3-3. How should rainy day funds be reported?
Rainy day funds are also known as budget stabilization. GVERNMENT Accounting Standard Board
(GASB) provides guidelines for classification of rainy day funds.
1. Rainy day fu
Most my communication with my Friends and Family, unfortunately, is done via
Phone since they live overseas. Even though phone call is a better form of interpersonal
communication than texting or email, it fails to communicate the body language and
Type your name here
CITY OF Grafton
Schedule of Revenues, Expenditures and Changes in Fund Balance Budget and Actual: General Fund
For The Year Ended December 31, 2015
Updates to Section 1 Class Notes Summer 2016
The following graphic (on page 7) is the result of following up on a
students question regarding in-laws and step-relatives. After
researching it, this is the correct information.
Here is the content of the Aud
The following facts pertain to a no cancelable lease agreement between Shel Company, a lessor
and Fal Company, a lessee.
Annual lease payment on May 1,
beginning with 5/1/x1
Bargain purchase option at the end of lease t
iPAC Tips and Suggestions
Assignments 2, 3, 4 and 5 (Preliminary analytical procedures and risk assessment discussion,
Determine materiality and assess risks, Assess control risk and plan tests of controls and substantive
tests of transa
iPAC Tips and Suggestions
Assignment 1 (Review client background information)
Review the following Rules from the AICPA Code of Professional Conduct:
Rule 101: Independence
Rule 301: Confidential Client Information
Review the following
Section 3 (Chapters 6, 7 & 8) Online Class Notes
Components Coming Together in Section 3
Chapter 6 Employee Fraud and the Audit of Cash
Fraud and Illegal Acts, Auditor Responsibility to Detect Fraud and Illegal Acts, and Audit Testing
Section 1 (Chapters 1 & 2, and Module B) Online Class Notes
Chapter 1 Auditing and Assurance Services
Question for Consideration
What do you suppose organic cereal and an annual report have in common?
Why is this important?
Section 2 (Chapters 3, 4 & 5) Online Class Notes
Chapter 3 Engagement Planning
Why concerned with materiality?
How is it determined?
Often a starting point applies a percentage to a base, e.g. 1% of t
Use of Electronic Work Papers
The textbook offers some of the files as online workpapers, which may be easier than working with the
manual papers throughout the book. Unfortunately, there arent that many files out there, but this
should help, particularly