Governmental Financial Reporting Presented by David R. Koeppen‚ Ph.D.‚ CPA Department of Accountancy Boise State University dkoeppen@boisestate.edu Topics • • • • • Introduction Reporting Basics Fund Accounting Government-wide Financial Statements Summary and Conclusion Introduction • • • • Purpose of Financial Reporting Generally Accepted Accounting Principles Characteristics of Governmental Entities Effects of Characteristics on Financial Reporting Purpose of Financial Reporting • Private
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Alibaba.com Limited Annual Report 2011 MANAGEMENT DISCUSSION AND ANALYSIS WE ARE CONFIDENT THAT THE SHIFT AWAY FROM AGGRESSIVE MEMBERSHIP ACQUISITION TO FOCUS ON STRENGTHENING BUYER’S TRUST ON ALIBABA.COM WILL BENEFIT OUR CUSTOMERS AND OUR LONG-TERM BUSINESS GROWTH. BUSINESS ENVIRONMENT The global economy was sluggish in 2011 due to lackluster economic conditions in the major developed markets. Downside risks have been increasing as the Euro zone crisis unfolds without solution
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Sample Management Discussion and Analysis (MD&A) Note: This template is provided as a background for the MD&A. Districts have been preparing the MD&A for a number of years now‚ so for the most part you should start with your MD&A from LAST YEAR and update it. Therefore this document’s primary use is to remind you of what the MD&A is for and what points it should include. The purpose of the Management’s discussion and analysis (MD&A) is to introduce the basic financial statements and provide
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accounting standards board (GASB) codification §2200 requires CAFR to include an “introductory section‚ management’s discussion and analysis (MD&A)‚ basic financial statements‚ required supplementary information other than MD&A‚ combining and individual fund statements‚ schedules‚ narrative explanations‚ and statistical section” (Copley & Engstrom‚ 2011‚ p. 20). Also there are variant differences between governmental financial statements—funding constituent services—and for-profit entities with a responsibility
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16. Which of the following federal officials is a "principal" of the Joint Financial Management Improvement Program who considers and approves or disapproves accounting and reporting standards recommended by the Federal Accounting Standards Advisory Board? A. Chair of the Federal Accounting Standards Advisory Board. B. Secretary of the Interior. C. Comptroller General. D. All of the above. Content: Concept Level: Easy Wilson - Chapter 12 #16 17. FASAB has identified four major
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GOVERNMENTAL ACCOUNTING EXAM 3 - CHAPTERS 8 THRU 10 Select the best answer for each question and enter your answers on the answer sheet sent with the exam. Submit only the completed answer sheet‚ not the entire exam. Please write your name on the answer sheet. 1. General long-term debt of a governmental entity includes a) All future financial obligations. b) All future financial obligations that result from past transactions. c) All future financial obligations
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Unit 7 Discussion: Copyright and its Various Owner Rights IS 3350 Victor Sabani ITT Technical Institute October 28‚ 2014 Unit 7 Discussion: Copyright and its Various Owner Rights Violation of your copyright privileges‚ and how you feel knowing that thousands of users are simply copying and sharing your composition‚ for which they may have paid for otherwise (Handout‚ 2014) By downloading and sharing on P2P networks monies are lost The composition is original work‚ and by law if people want it they
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Unit 511 – Develop professional supervision practice in health and social care or children’s and young people’s settings Section 5: 5.1) Within a supervision with a member of support staff they disclosed their feelings regarding how a fellow staff member had been towards them stating they felt they were being undermined and that the staff member in question was very sarcastic towards them causing them to feel annoyed. In the supervision I asked the staff member for examples and also if they
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IS3110 Unit 3 Discussion 1: Risk Management Process During our discussion we all agreed that the first step taken in the risk management process is the most important. Risk identification allows an organization to identify risks and vulnerabilities so that the operations staff becomes aware of potential problems. Not identifying risks can have drastic‚ costly‚ and even deadly consequences Not only should risk identification be undertaken as early as possible‚ but it also should be repeated frequently
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Unit 1 Discussion Board Art Appreciation: HUMA205-1304B-07 November 11‚ 2013 Part 1 How do you gain an awareness and understanding of art and art forms? Understanding art forms affects individuals in different ways. Such as‚ informing individual’s art is in the eye of the beholder. It also depends on the art piece—how the viewer interprets the piece. Art comes in all shapes‚ sizes‚ and forms‚ and no art form should be held above another Do you have self-awareness as experienced by the quote
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