Reference no: EM13183499
Select a local government in your state and review the financial statements and audit report for the county or municipality. The financial statements of the government selected should have at least three funds.
Write a three to four (3-4) page paper in which you:
1. Analyze the method of accounting used for the general fund and all other funds in existence by the government. Evaluate the reasoning for the use of the method of accounting for each of the funds as required by GAASB.
2. Assess the application and compliance of GASB Statement 34, Basic Financial Statements and Management Decisions and Analysis for State and Local Governments to each of the funds.
3. Evaluate management's discussion and analysis (MD&A). In your evaluation, analyze the significant information in the MD&A and how the information contributed to the clarity of the financial statements. From your analysis of financial statements, identify and analyze information that should be included in the statements.
4. Determine whether the entity's financial position improved or deteriorated during the reporting period. Speculate on the causes from your review of the financial statements.
Your assignment must follow these formatting requirements:
Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; citations and references must follow APA or school-specific format. Check with your professor for any additional instructions.
Include a cover page containing the title of the assignment, the student's name, the professor's name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.
Assignment 2: Public University Analysis
Due Week 9 and worth 240 points
Select a public university system and review the financial statements and audit report for the system.
Write a three to four (3-4) page paper in which you:
1. Identify and analyze the employee pension plan disclosures in the financial statements. Evaluate the impact of the GAASB proposed changes to the pension liabilities on the financial statements of the institution.
2. Identify and analyze the economic conditions that will affect the future growth and success of the institution.
3. Review and evaluate the treatment of federal grants such as Pell grants, supplemental grants, and work study on the revenue reported for the institution.
4. Compare the treatment of endowments, earnings on endowments, and restricted funds with GAASB requirements.
|
Explain solution of dibasic phosphate
: Calculate the mass of reagents required to prepare 100 mL of a 275 mM solution of monobasic phosphate and 100 mL of a 275 mM solution of dibasic phosphate, each containing 2.75 mM MgCl2
|
|
Carryout the conversions to the correct number
: Carryout the following conversions. Report your answer to the correct number of significant figures
|
|
What criteria would you use to prequalify customers
: What criteria would you use to prequalify customers and what are the input and output transactions (excluding reports) that the system must process.
|
|
What reserve price should the auctioneer set
: A reserve price is a minimum price set by the auctioneer. If no bidder is willing to pay the reserve price, the item is unsold at a profit of $0 for the auctioneer. If only one bidder values the item at or above the reserve price. An auctioneer fa..
|
|
Evaluate managements discussion and analysis
: Analyze the method of accounting used for the general fund and all other funds in existence by the government. Evaluate the reasoning for the use of the method of accounting for each of the funds as required by GAASB.
|
|
In what way is fiscasl easing in japan relevant
: At the moment, the market is completely ignoring things like record U.S. trade deficits and the widening current account deficit. It is also largely ignoring the possibilty of Fedral reserve rate cuts.Traders and investors are insted focusing only..
|
|
Explain the sample is placed in a drying dish
: The sample is placed in a drying dish (weight = 0.5000 g before the sample is added), and then placed in an oven at 104°C until all the moisture is evaporated.
|
|
Prepare a salary budget for the fiscal year
: Prepare a salary budget for the fiscal year 7/1/X1 to 6/30/X2. Staffing levels are based on the need for six hours of hands-on work per patient day.
|
|
Explain what is the volume percent of a solution
: What is the volume percent of a solution prepared by dissolving 43 g of NaOH in enough water to make a final volume of 120 mL? Show your work.
|