ACC 548 Final Exam Answers 1. Under GASB rules for the financial reporting entity a. component units are included if the primary government is financially accountable for their operations B. counties are component units of the state government C. blended and discretely presented component units are to be reported in government-wide financial statements but not in fund financial statements D. component units must be reported in columns (discrete presentation) separate from the funds of a primary government 2. According to GASB Statement No. 44, all of the following is a recommendation category for the CAFR’s statistical section EXCEPT A. financial trends information B. debt capacity information C. comparative information D. operating
6. Get a second job to help finance your investment costs. The two major ways to invest are; lend or own. 1. When you lend, you are a Debt Investor.
Pro Forma Statements This singular assignment displays an activity that might be actualized to increase sales over the following five years. The motivation behind this duty is to present pro forma statements of five year projections, and to make presumptions that help each one line item increase or decrease for the forecasted articulations. Besides, this assignment will talk about and translate the financials in connection to the activity. It will make suggestions on potential discretionary financing needs. At last, this assignment will exhibit an investigation of the organization's short and long term financing needs, and focus strategies for the organization to deal with its working capital.
What is a financial plan? (1.0 points) A financial plan is a way of organizing your finances so you’ll be able to set and meet financial goals, while making sure you have enough money to spend on things you need. 3. What is income? (0.5 points) An income is the consumption and savings opportunity gained by an entity within a specified timeframe, which is generally expressed in monetary terms.
dividends received. : 4 5 of 5 Question 13. Question : (TCO 4) Which is a shareholders’ equity account in the balance sheet? Accumulated depreciation Paid-in capital Dividends payable Marketable securities : 3 5 of 5 Question 14. Question : (TCO 4) Which of the following groups is not among the external users for whom financial statements are prepared?
dividends received. : 4 5 of 5 Question 13. Question : (TCO 4) Which is a shareholders’ equity account in the balance sheet? Accumulated depreciation Paid-in capital Dividends payable Marketable securities : 3 5 of 5 Question 14. Question : (TCO 4) Which of the following groups is not among the external users for whom financial statements are prepared?
b. Comparability. c. Reliability. d. Consistency. 34. What is meant by comparability when discussing financial accounting information?
b. Comparability. c. Reliability. d. Consistency. 34. What is meant by comparability when discussing financial accounting information?
During each seminar, the instructor will be asking students lots of questions from the reading assignments, so there will be many opportunities to answer and to make additional comments or ask questions of your own. Your attendance at the weekly seminar for this course is very important. The seminar is an excellent source of information and explanation of the weekly material in this course. However, if you are unable to attend the seminar, you can still learn the information that was provided and also earn the seminar points. In order to earn the seminar points, you must complete an alternative assignment and submit it as a Word document attached to an email.
Learning Team Instructions Graded Respond to weekly learning team discussion question and post the team answer both to the Main Forum thread and on the Assignments Page. Day Five 1.0 Learning Team Instructions Ungraded Post Team Charter by Day 5. Review the Week One objectives and discuss additional insights and questions that may have arisen. Review the requirements of the final Learning Team project. Individual Ethical Self-Assessment Paper Complete the Ethical Self-Assessment located at http://www.ache.org/. Once at the home page, click the Ethics tab located on the left side.