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please provose answer cases 1-11 to 1-15. matters. 1-11. Research Case-GASB. (L01-1) Access the Governmental Accounting Standards Board website at www.GASB.org. Find the GASB White
please provose answer cases 1-11 to 1-15.
matters. 1-11. Research Case-GASB. (L01-1) Access the Governmental Accounting Standards Board website at www.GASB.org. Find the GASB White Paper on "Why Governmental Accounting and Financial Reporting Is-and Should Be-Different." There are numerous differences between governments and for- profits in the accounting and reporting of financial transactions. Two account ing and reporting differences between governments and for-profit organizations relate to capital assets and major revenue sources. Using the information in the White Paper and your knowledge from your financial accounting courses (refer to a financial accounting textbook or the FASB website (www.FASB.org) if you need a refresher), discuss why there are accounting and reporting differences related to capital assets and the organizations' major revenue sources (sales and property tax revenues). 1-12. Research Case-GASB. (L01-2) Examine the Governmental Accounting Standards Board website (www.GASB.org) and prepare a brief report about its mission, standard-setting process, and boa composition, and the role of the Governmental Accounting Standards Advisory Council. Can you determine how to obtain a copy of the most recent Codification of Governmental Accounting and Financial Reporting Standards? What would it cost to purchase or access this publication? 1-13. Research Case-FASB. (L01-5) Access the Financial Accounting Standards Board website at www.FASB.org. Find the Accounting Standards Updates for 2016. In 2016 an update was issued related to financial reporting for not-for- profit entities. After reading the 2016 update, write a brief report that identifies how the standard changed reporting on each of the three required financial statements. 1-14. Research Case-FASB. (LO1-3) Concept Statement Four (accessible at www.FASB.org) discusses the concepts of stewardship and performance. Given that providing decision-useful information is the primary purpose of not-for-profit financial statements, what is the role of financial reporting rela- tive to stewardship and performance? Write a brief report that provides your analysis. 1-15. Research Case-FASAB. (L01-2) Examine the Federal Accounting Stan- dards Advisory Board's website at www.FASAB.gov and prepare a brief report about its mission and structure and compile a list of organizations represented on its Accounting and Auditing Policy Committee. Can you obtain a copy of the full text of FASAB statements from this website? If not, how would you obtain a copy of a statement pertinent to federal agencies? What is the cost to purchase a statement? matters. 1-11. Research Case-GASB. (L01-1) Access the Governmental Accounting Standards Board website at www.GASB.org. Find the GASB White Paper on "Why Governmental Accounting and Financial Reporting Is-and Should Be-Different." There are numerous differences between governments and for- profits in the accounting and reporting of financial transactions. Two account ing and reporting differences between governments and for-profit organizations relate to capital assets and major revenue sources. Using the information in the White Paper and your knowledge from your financial accounting courses (refer to a financial accounting textbook or the FASB website (www.FASB.org) if you need a refresher), discuss why there are accounting and reporting differences related to capital assets and the organizations' major revenue sources (sales and property tax revenues). 1-12. Research Case-GASB. (L01-2) Examine the Governmental Accounting Standards Board website (www.GASB.org) and prepare a brief report about its mission, standard-setting process, and boa composition, and the role of the Governmental Accounting Standards Advisory Council. Can you determine how to obtain a copy of the most recent Codification of Governmental Accounting and Financial Reporting Standards? What would it cost to purchase or access this publication? 1-13. Research Case-FASB. (L01-5) Access the Financial Accounting Standards Board website at www.FASB.org. Find the Accounting Standards Updates for 2016. In 2016 an update was issued related to financial reporting for not-for- profit entities. After reading the 2016 update, write a brief report that identifies how the standard changed reporting on each of the three required financial statements. 1-14. Research Case-FASB. (LO1-3) Concept Statement Four (accessible at www.FASB.org) discusses the concepts of stewardship and performance. Given that providing decision-useful information is the primary purpose of not-for-profit financial statements, what is the role of financial reporting rela- tive to stewardship and performance? Write a brief report that provides your analysis. 1-15. Research Case-FASAB. (L01-2) Examine the Federal Accounting Stan- dards Advisory Board's website at www.FASAB.gov and prepare a brief report about its mission and structure and compile a list of organizations represented on its Accounting and Auditing Policy Committee. Can you obtain a copy of the full text of FASAB statements from this website? If not, how would you obtain a copy of a statement pertinent to federal agencies? What is the cost to purchase a statement Step by Step Solution
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