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Being that you are an inquisitive person and wish to add to your knowledge base, you ask your new accountant to teach you about fund accounting that is used in nonprofit financial accounting. Specifically, you asked her the following:
• Explain how fund accounting principles for nonprofit organizations affect routine revenue type journal entries.
• Do you think that nonprofits should continue to abide by the wishes of contributors who donated on the basis of a specific use of their donation, or, during tough economic times, should they ask these contributors to relax any restrictions they placed on the use of these funds?
Analyze accounting and reporting requirements for not-for-profit organizations
An appraisal shows that the land's value is $400,000 and the building's value is $500,000. When recording this transaction Galaxy
Provide the revised figures in the Payoff Table below complete the evaluation for the five EMV's. Show your logic and calculations and evaluate the BatesManor dollar sales at retail prices in their average store. Describe your reasoning and state a..
Examine how the SOX framework can prevent business model fraud in managerial accounting and financial accounting.
Explain the differences between unit-related, batch-related, and product-sustaining activities. Give one case of each type of activity and explain the difference between transaction drivers and duration drivers. When could one type be preferred ove..
Calculate the number ofunits required tobreak even. The finance manager has devised a number ofalternative plans to get the entity back into profitability
The standard hours allowed for the definite output of the month totaled 7,070 machine-hours. Evaluate what was the variable overhead efficiency variance for month?
On February 13, 2012, the property was sold for $40,000, payable in four yearly installments of $10,000 plus interest. Evaluate what is the amount of ordinary income to be reported from the sale?
Evaluate how could the foreign competitors profitably sell a similar product for less than manufacturing costs to Houston Electronic and what advice do you have for the president concerning the HE Versatile CVD?
Show whether each of the costs described would be relevant or not to Swenson's Meats decision about whether to purchase the new machine or to keep the old machine.
Monsivais Corporation, a manufacturing company, has provided the following financial data for Februar. The company had no beginning or ending inventories. Evaluate the contribution margin for February
Determine the potential problems that can exist when comparability of asset conditions cannot be made within an agency and with other agencies. Suggest how these problems may be minimized
Write an explanatory essay on capital. The essay should not exceed two typed pages. be sure to follow an essay format and cover all the relevant topics with regards to capital in an organisation.
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