Fund Balance, May 1, 20X1
Transfers from General Fund
Construction expenditures
Furniture/Equipment purchases
Landscaping (Purchases or consumption method)
Fund Balance, April 30, 20X2
Total
Nonspendable
7,500,000
1,850,000
(7,680,000)
(1,000,000)
(138,00
Problem 14-2 (b)
Locklear County
Statement of Net Position
September 30, 20X7
Business-type
Activities
Assets
Current Assets:
Cash
Accounts Receivable (net)
Inventory
Total Current Assets
Noncurrent Assets:
Land
Buildings
Equipment
Less Accumulated Deprec
CHAPTER FIVE
REVENUE ACCOUNTING: GOVERNMENTAL FUNDS
(Pages 174 221)
CHAPTER FIVE OUTLINE
1) Revenue definition and recognition
2) Nonexchange transactions
3) Governmental fund and proprietary fund revenue recognition compared
4) Classification of revenue
CHAPTER SIX
EXPENDITURE ACCOUNTING: GOVERNMENTAL FUNDS
(Pages 222261)
CHAPTER SIX OUTLINE
1) Expenditure definition and recognition
a) Capital outlay expenditures
b) Debt service expenditures
c) Intergovernmental expenditures
d) Current operating expendit
CHAPTER THREE
THE GENERAL FUND AND SPECIAL REVENUE FUNDS
(Pages 69120)
CHAPTER THREE OUTLINE
1) General fund and special revenue funds
a) Measurement focus
b) Purposes and assumptions of this chapter
2) General fund accountingillustrative example
a) Entri
CHAPTER EIGHT
DEBT SERVICE FUNDS
(Pages 301342)
CHAPTER EIGHT OUTLINE
1) Debt service fund environment, financing, and expenditure recognition
a) Long-term liabilities
b) Fixed vs. variable rates
c) Debt service payments
d) Bonds and fiscal agents
e) Requ
CHAPTER FOUR
BUDGETING, BUDGETARY ACCOUNTING,
AND BUDGETARY REPORTING
(Pages 121173)
CHAPTER FOUR OUTLINE
1) The government budgetary perspective
2) Budgetary accounting and reporting
a) Budgetary accounting and control
i) Budgetary entrygeneral ledger
ii
CHAPTER ONE
GOVERNMENTAL AND NONPROFIT ACCOUNTING:
ENVIRONMENT AND CHARACTERISTICS
(Pages 130)
CHAPTER ONE OUTLINE
1) Characteristics and types of G&NP organizations
a) G&NP sector significance
b) The G&NP environment
i) Organizational objectives
ii) Sour
CHAPTER SEVEN
CAPITAL PROJECTS FUNDS
(Pages 262300)
CHAPTER SEVEN OUTLINE
1) Capital projects fund (CPF) operations and accounting standards
a) CPF financial resources
b) Number of funds
c) CPF life cycle
d) The budget
e) Interim financing
f) Project cost
Chapter 008 Sampling Methods and the Central Limit Theorem
True / False Questions
1. In stratified random sampling, a population is divided into strata using naturally occurring
geographic or other boundaries. Then strata are randomly selected and a rando
CHAPTER ELEVEN
INTERNAL SERVICE FUNDS
(Pages 443473)
CHAPTER ELEVEN OUTLINE
1) Overview of accounting principles
a) Initial establishment
b) Pricing policies
c) Pricing methods
d) Relation to budget
e) Financial statements
2) Internal service fund account
Chapter 009 Estimation and Confidence Intervals
True / False Questions
1. A point estimate is a single value used to estimate a population parameter.
TRUE
AACSB: CA
BLOOM: 1
Difficulty: Easy
Goal: 1
2. A point estimate is a range of values used to estimat
Chapter 014 Multiple Regression and Correlation Analysis
True / False Questions
1. Multiple regression analysis is used when two or more independent variables are used to
predict a value of a single dependent variable.
TRUE
AACSB: CA
BLOOM: 2
Difficulty:
CHAPTER TWO
STATE AND LOCAL GOVERNMENT ACCOUNTING AND
FINANCIAL REPORTING MODEL: THE FOUNDATION
(Pages 3168)
CHAPTER TWO OUTLINE
1) Overview of the GASB financial reporting model
2) The fundamental features of the SLG accounting and financial reporting mo
Chapter 013 Linear Regression and Correlation
True / False Questions
1. If a scatter diagram shows very little scatter about a straight line drawn through the plots, it
indicates a rather weak correlation.
FALSE
AACSB: CA
BLOOM: 2
Difficulty: Easy
Goal: 1
Chapter 011 Two Samples Tests of Hypothesis
True / False Questions
1. If the null hypothesis states that there is no difference between the mean income of males
and the mean income of females, then the test is one-tailed.
FALSE
AACSB: CA
BLOOM: 2
Difficul
Chapter 010 One-Sample Tests of Hypothesis
True / False Questions
1. Two examples of a hypothesis are: 1) mean monthly income from all sources for senior
citizens is $841 and 2) twenty percent of juvenile offenders ultimately are caught and
sentenced to p
Chapter 004 Describing Data: Displaying and Exploring Data
True / False Questions
1. A dot plot and a scatter diagram are different names for the same graph.
FALSE
AACSB: CA
BLOOM: 1
Difficulty: Easy
Goal: 1
2. A dot plot is an easy way to represent the r
Chapter 015 Nonparametric Methods: Chi-Square Applications
True / False Questions
1. Nonparametric tests require no assumptions about the shape of the population distribution.
TRUE
AACSB: CA
BLOOM: 2
Difficulty: Easy
Goal: 1
2. The claim that "male and fe
Chapter 006 Discrete Probability Distributions
True / False Questions
1. The Poisson probability distribution is always negatively skewed.
FALSE
AACSB: CA
BLOOM: 1
Difficulty: Easy
Goal: 5
2. A random variable is assigned numerical values based on the out
Chapter 007 Continuous Probability Distributions
True / False Questions
1. The Empirical Rule of probability can be applied to the uniform probability distribution.
FALSE
AACSB: CA
BLOOM: 2
Difficulty: Medium
Goal: 1
2. Areas within a continuous probabili
Chapter 002 Describing Data: Frequency Distributions and Graphic
Presentations
True / False Questions
1. A frequency distribution groups data into classes showing the number of observations in
each class.
TRUE
AACSB: CA
BLOOM: 1
Difficulty: Easy
Goal: 3
2
Chapter 001 What is Statistics?
True / False Questions
1. A population is a collection of all individuals, objects, or measurements of interest.
TRUE
AACSB: CA
BLOOM: 1
Difficulty: Easy
Goal: 2
2. A sample is a portion or part of the population of interes
CHAPTER TWENTY
AUDITING GOVERNMENTS AND NOT-FOR-PROFIT ORGANIZATIONS
(Pages 780822)
CHAPTER TWENTY OUTLINE
1) Overview
2) What is an audit?
a) Classification of audits
b) Managements representations
c) External auditor classifications
d) Engagement letter
CHAPTER NINETEEN
FEDERAL GOVERNMENT ACCOUNTING
(Pages 743779)
CHAPTER NINETEEN OUTLINE
1) The federal financial management environment
a) Financial accounting responsibilities
i) Department of the Treasury
ii) Office of Management and Budget (OMB)
iii) Go
CHAPTER EIGHTEEN
ACCOUNTING FOR HEALTH CARE ORGANIZATIONS
(Pages 713742)
CHAPTER EIGHTEEN OUTLINE
1) Fundsgovernment hospitals
a) Basic principles
2) Unique measurement and display features
a) Distinguishing primary activities
b) Classes of revenues
c) Ga
CHAPTER SEVENTEEN
ACCOUNTING FOR COLLEGES AND UNIVERSITIES
(Pages 675712)
CHAPTER SEVENTEEN OUTLINE
1) Classification as engaged only in business-type activities
2) GAAP reporting requirements
a) Statement of net position
b) Operating statement
i) Tuition
CHAPTER SIXTEEN
NON-SLG NOT-FOR-PROFIT ORGANIZATIONS
(Pages 637674)
CHAPTER SIXTEEN OUTLINE
1) Classification of organizations
a) Voluntary health and welfare organizations
b) Other not-for-profit organizations
2) Classes of net assets
3) Non-GAAP account
Chapter 003 Describing Data: Numerical Measures
True / False Questions
1. A value that is typical or representative of the data is referred to as a measure of central
location.
TRUE
AACSB: CA
BLOOM: 1
Difficulty: Easy
Goal: 1
2. The arithmetic mean is the
Chapter 005 A Survey of Probability Concepts
True / False Questions
1. Based on a classical approach, the probability of an event is defined as the number of
favorable outcomes divided by the total number of possible outcomes.
TRUE
AACSB: CA
BLOOM: 1
Diff