Chapter 1, Problem 8EYCT

Which of the following accounting rules apply to all not-for-profit organizations? (Select all that apply.)   The financial statements must include a statement of functional expenses   The balance sheet must segregate assets according to restrictions on their use.   The balance sheet must segregate current assets from long-term assets.   The balance sheet must show reserves for likely amount of bad debts.   Equipment must be reported net of accumulated depreciation.   The activity statement must report expenses as decreases in net assets with donor restrictions.   The activity statement must segregate revenues according to restrictions on their use.

Complete a financial analysis of the company financials for Quixote Consulting. Use the Excel Template titled: "Unit 4 Financial Report Analysis Template.” Be sure to review the Excel tab titled “Hints & Instructions” before you attempt the assignment tab. Note: This Quixote Company file will be your graded Unit 4 assignment, not the Rainbow Company practice assignment. When you are ready, you may submit your Quixote Ratio Analysis Excel template to the Unit 4 Dropbox page. Note: Include your name in the filename of the assignment. Very Important Note: The Practice Set is based on data for “Rainbow Paint Company.” Do NOT submit the Rainbow solutions in the Unit 4 assignment Dropbox. The Unit 4 assignment is based on the Quixote data accumulated in Units 2 and 3. However, The Rainbow Paint Company data will be a VITAL and integral component of your Unit 9 final project. So, please complete the practice exercise AND keep your work saved in a file for later use. Quixote Consulting…

Write a 700- to 1,050-word paper that analyzes the differences between generally accepted accounting principles for public and private colleges and universities.    Explain why it is important to identify whether the institution is Public or Private.    Clarify which of the two—public or private—follow the same reporting guidelines as nongovernmental not-for-profit organizations.      Analyze, in general terms, the financial statements that must be prepared by a private college or university and those that must be prepared by a public college or university.   Identify the major format differences in financial reporting for public and private colleges and universities.    Formulate an opinion about which statement provides more transparent information regarding revenues and on the amounts of restricted resources.

The board of directors of Earth Rock's!, a nonprofit organization focused on environmental protection, hypothesizes that individuals are more likely to donate if they see evidence that their donations are used primarily for program activities rather than administrative and fund-raising costs. To get a sense of how its own cost structure compares to other groups, the board decides to benchmark the financial performance of Earth Rocks! against several other environmental organizations. The data for Earth Rocks! and the other environmental organizations appear below   Program Expenditures Fund-raising Costs Administrative Costs Total Costs Earth Rocks 374,900 98,000 121,400 594,300 Weed Lovers 421,000 104,300 98,350 623,650 Flora and Fauna 353,000 97,600 71,840 522,840 Leaf It Be 501,900 89,000 109,750 700,650 Nature's Gift 455,470 71,000 82,450 608,920 Use these data to benchmark Earth Rocks! against the other environmental organizations. How does Earth Rocks! compare to…

Richardson Company is contemplating the establishment of a share-based compensation plan to provide long-run incentives for its top management. However, members of the compensation committee of the board of directors have voiced some concerns about adopting these plans, based on news accounts related to a recent accounting standard in this area. They would like you to conduct some research on this recent standard so they can be better informed about the accounting for these plans.InstructionsIf your school has a subscription to the FASB Codification, go to http://aaahq.org/ascLogin.cfm to log in and prepare responses tothe following. Provide Codification references for your responses. (a) Identify the authoritative literature that addresses the accounting for share-based payment compensation plans.(b) Briefly discuss the objectives for the accounting for stock compensation. What is the role of fair value measurement?(c) The Richardson Company board is also considering an employee…

Active In order for a company to distribute its financial statements to the public, it is required to follow the "generally accepted accounting principles" (GAAP). GAAF assumptions, and methods. A company generally lists the significant accounting policies as the first note in the financial statements. Review the financial stat Statement Analysis Report. Select two of the significant accounting policies and discuss how each policy impacts the financial reporting for that entity. To part to a peer's discussion post, and identify how the reporting standards are different or similar for the company the peer is reporting on.

Advanced Accounting requires many rules and regulations. The latter come from many sources. In your Journal this week you will research two rules or regulations that pertain to Advanced Accounting topics and submit them to your Unit 1 Journal. For each of the rules or regulations, answer the following questions. What is the name of the rule or regulation? What agency or government created the rule or regulation? Does any agency or government have the power to enforce the rule or regulation? If so how? If not, does this hinder the enforcement of the rule or regulation?

Write a 700 words that analyzes the differences between generally accepted accounting principles for public and private colleges and universities.  Explain why it is important to identify whether the institution is Public or Private.  Clarify which of the two—public or private—follow the same reporting guidelines as nongovernmental not-for-profit organizations.    Analyze, in general terms, the financial statements that must be prepared by a private college or university and those that must be prepared by a public college or university. Identify the major format differences in financial reporting for public and private colleges and universities.  Formulate an opinion about which statement provides more transparent information regarding revenues and on the amounts of restricted resources.

When Ackermans makes their financial matters, and social and environmental issues part of their financial reporting available to the public, this refers to O a. financial O b. sustainability O c. shareholder O d. corporate reporting.