Differences in for-profit entities and governmental agencies

Assignment Help Accounting Basics
Reference no: EM131950726

Question: For your next orientation meeting with your new hire, and to be helpful when other new accountants are hired, prepare a PowerPoint presentation of 5-10 slides with speaker notes that includes the following:

• Describe and explain at least 3 differences in for-profit entities and governmental agencies that cause them to have different required accounting procedures; include an example of each.

• At least 1 slide should explain which regulating authority oversees the accounting rules for governmental vs. for-profit entities. Include an example and brief explanation, in your own words, of the most recent new guideline established by the agency overseeing government accounting. Access the following Web site: gasb.

• At least 1 slide should explain at least 2 differences between governmental entities and nonprofit, nongovernmental agencies, including an example of each difference.

Reference no: EM131950726

Questions Cloud

Make a determination about the state of the economy : Make a determination about the state of the economy, whether the U.S is in a recession, expansion or macroeconomic equilibrium.
Decided to pay off loan by repaying outstanding balance : You have just made a payment and have now decided to pay off the loan by repaying the outstanding balance. What is the payoff amount for the following scenarios
Create brand awareness and value in the marketplace : How does a company use marketing tools and techniques to create brand awareness and value in the marketplace
Discuss the business requirement for UVW : MN502 Overview of Network Security Assessment - Analysis of network security tools. Discuss the business requirement for UVW in terms of their security
Differences in for-profit entities and governmental agencies : Describe and explain at least 3 differences in for-profit entities and governmental agencies that cause them to have different required accounting procedures.
Generate a one-time cash flow : A new business requires a $20,000 investment today, and will generate a one-time cash flow of $25,000 after one year.
College savings plan-low yielding risk free securities : If you open a 529 College Savings plan you are locked into investing in low yielding risk free securities.
Draw a graph showing the economic situation you have stated : Draw a graph showing the economic situation you have stated in Part One. The graph should be clearly labeled. Include a paragraph which describes the graph.
The path-goal theory and the situational leadership theory : Compare and contrast the Path-Goal Theory and the Situational Leadership theory found in your text.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd